you're amazing. >> have a great day. go to foxandfriends.com. a beheading in america, shocking americans. the fbi is investigating the suspect's recent conversion to islam. meanwhile, our attacks on isis over there continuing. throughout all of this, the costs are escalating. the tab on air strikes alone, climbing up to $10 million a day. some here say that's why we need to declare a war on our crushing debt. so we have enough money to win this fight. are they right? hi, everyone, i'm brenda. this is bulls and bears. here they are. the bulls and bears this week. gary, tracy, jonas, john along

with janiece. is this adding to the debt? >> heck yeah. we don't have a slush fund. we should have a slush fund for war. how could we? we have been cutting defense spending. from 2011, we cut $85 billion. everybody remembers what happened in 2011, right? now we are cutting defense spending, thanks to the sequester. and we have entitlements we have to pay. we have other obligations. we are not focusing on what is congress' only job, to protect us. they are not doing that. our interest payments are going to exceed our revenue. we can't afford this fight with isis. it's so sad. >> gary, what do you think? is this about the money? >> well, i take issue with tracy. i think we have a slush fund, it's called the defense budget. we complain defense doesn't get

enough. it is $700 billion a year. that's higher than the next six countries combined. i mean, do we really need to be spending more than just everyone else total, essentially? this war against terrorism is expected to cost $20 billion a year. i think we could find $20 billion here and there. that is pocket change. so, we have the money. the real question i want to get to, though, is what are we going to accomplish with this $20 billion? do we have measurable goals? we were in iraq almost eight years and what did we accomplish this? we are back in, we are out, we are all over the place. that is the problem with defense spending. we go in, we declare war and go in with the tomahawk missiles, and we have no goals, just to defeat them. >> does the battle against the

debt finally need to be joined? could this be the issue that will force lawmakers to finally fight the debt to protect our lives and our livelihood? >> unfortunately, no. look, i agree with tracy. this limits what we can do. the reason lawmakers are not going to fight the debt, if you take out 40 cents of every dollar we borrow, that's going to hurt the economy. we need a balanced budget. we need a plan for five, ten years from now. republicans nor democrats have that plan. no politician wants to do that. look at the trajectory we are on. we are roughly $5.6 trillion in debt in 2000. under president bush, it doubled. in president obama it has doubled again. he said he would cut it in half. instead, it's basically doubled. the next president over eight years, roughly $20 trillion, take us to 40 trillion.

municipality, cities, states cannot afford to provide certain services. we limit our options when we are in debt like we are. >> the same courage men and women in uniform have. we are not seeing that very much. jonas, secretary of defense said on friday that the pentagon is basically being constrained by the budget. >> well, you know, they are always -- look, i don't know how many tomahawk missiles it takes to prevent a beheading. i think this is a very big economy. we can afford this amount of debt. look at the interest rates. there's no problem. that doesn't mean we shouldn't pay it down for psychological reasons. you want your enemies to think you have the capacity to ramp up spending, you are not at the brink and you are tapped out. it puts you in a position of power. we could borrow $20 trillion if

we wanted to because we paid that off. it's problems in the economy. consumers and investers say we can borrow money to get out of this one. i don't think everyone thinks that. i would like to get in a stronger position for enemies and the economy. i think we can afford the debt either way. >> what is your take on this? >> well, you know, the level of the national debt is such that it does make very difficult for us to ignore the cost of the car. i agree with tracy. congress' job is to pass laws. if they were doing their job and part of that is how do we make offsets necessary to finance needed spending? i went every special opes person to have the best to be successful. it makes me upset when i know there's at least $5 billion going to medicare fraud.

$60 million a month. if we were able to locate money to find savings, i think that is a small measure toward that. >> there's plenty of pork and waste, tracy. the entitlements take up such a huge part of our budget, we don't have much big l room. >> that's the problem. the notion that congress is supposed to pass laws. they can't do anything when they don't show up. they are not at work. we can count on one hand the amount of days they are going to be together between now and christmas. let's be clear, they are getting paid to do nothing. as john said before, they should take an extended vacation and never come back at this rate. we need to focus on this. we need to cut our debt. we need to stop the entitlement spending and focus on the men and women risking their lives to keep us safe. >> gary, you heard a couple people object to what you think.

>> maybe i don't understand the math. what are we talking here? 20 billion a year. it's 3% of the defense budget. you don't think there's 3% waste at the $700 billion we spent. >> why are you cutting it there? >> you are saying -- look, i think we can cut it all over the board, medicare, social security. i'm focusing on the defense budget to see if we have 20 billion. do we need to be the world's policemen? do we need troops in germany or japan? i don't think so. the $20 billion is there. we take the $20 billion from other areas. paying off the national debt is a separate issue, i think, which should be done. that is not the focus, i think, of this conversation. >> john, you might disagree with gary. actually, we as americans, american exceptionalism do take

the lead often. shouldn't we be here despite the money? >> we should do what we have to do to protect our national interest. we have been bombing iraq since the first president bush. to get to gary's point, 9/11 cost us $3.3 trillion by most estimates. we have gone from 2,000. we have tripled the national debt. we have $2 trillion in unfunded pension liabilities in the cities and municipalities and states. at some point, we are not going to be able to pay our bills. we are going to be like michigan and california that don't have full force and fully staffed schools. that's when it comes to roost. we have to get the national debt under control. >> well the states have to. actually, we can keep printing money, can't we? >> you can do that. we have been doing that. i don't think it's bad policy. i think you want to be in a

strong financial position. maybe they thought we wouldn't be able to raise it. wrong. i will say you want to pay off the debt. wrap up the defense spending. that's going to make the debt not go away. get into a strong position. then be positioned to pick any crisis, whether it's financial or military. >> tracy, you are shaking your head? >> this is what we should be focusing on. we need freshmen congressmen and women to come to the table and tackle entitlements and put the money to defense. isis is here. we have to focus on that. >> we'll keep focusing on that. build it and they will come. the government erecting something they say is inviting more illegals into america. that's at the bottom of the hour. up here first, after the massive

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first, the massive rally for climate change. now, lawmakers across america are rallying around the cause, calling for more global warming regulations. they say that will only put more jobs on ice. >> i think these mayors have never been exposed to any economics or economic theories. they are banding around this whole green energy thing. look, my definition, all the green energy technology needs a government subsidy. that means they are going to cost more. if you are paying $100 now for electricity and they move to wind or solar power, you can guarantee the cost is going to go up to $150. you are spending $150 more on

electricity. you have less money to spend elsewhere. all the companies that use electricity have less money. so, that money moving from efficient to inefficient technology has to cost jobs. there's less money to hire people. >> that was one of the biggest rallies i have ever seen. clearly, there's a lot of support for this. you think this could actually help jobs, it could create jobs. how so? >> i think the politics of climate change are global. on one hand, i think any mayor campaigning for climate change adjustments and regulations and changes to protect the environment will have a hard day on election day if it costs jobs. buildings do need to be fixed to be accommodated to new requirements, that is true, especially the large public housing entities.

however, let's think beyond our borders. 1 billion people in the world make a living on culture. india and china, more than 70% of the work force making a living. 40% of those are women. there's two industry that is are affected by climate change, tourism and agriculture. you cannot have a discussion about the impact of that. i think right now, there's a chance they will be negatively impacted by climate change. >> we are focusing on america right now. john -- >> of course we are. >> -- you think this is going to hurt jobs? >> yeah, i think it is, if it got passed. i disagree with gary. he is assuming politicians are going to follow up on something they said. they are not. this is the most valid political mess i have seen in my life. they are saying 80 by 50. where did you come up with that number? where is the road plan. when jfk said we are going to

the moon by the end of the decade, he had the best scientists in the world building road map to the moon. we don't have that. the mayors are throwing numbers out there. retro fitting buildings, i get that. this is stupid, stupid, stupid politics. they are not going to follow up on anything. this is not a plan. >> stupid, jonas? >> look, i have to say, i watched for hours the buy and two-thirds of the no gmos in the news, those things take into their political conclusion would hurt the poor more than anybody else. all these things we don't -- nuclear energy, it's clean, cheep energy for poor people. it's like a whole foods everywhere. i am for helping the environment. you have to be careful of who you are stepping on by raising the cost.

if you want to raise taxes on energy and lower it on income, we can talk. >> tracy? >> we are not raising taxes, jonas, that's ridiculous. to gary's point, your electric bill is going up $150 because they are killing coal. they closed down about anywhere from 20 to 200 coal plants and that is going to hurt you at the end of the day. we know at the end of the day, this is going to hurt the american people and the jobs that come with it. >> okay. cashing in. just over an hour from now, eric, what do you have coming up? >> the u.s. pledging thousands of troops at a billion bucks. shouldn't we be using these resources on our border instead? espn is suspending somebody for his opinion. >> we'll be watching.

first, putting that car payment off? good luck trying to turn your car on. the new move by lenders that's revving up a big debate.

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you don't pay, you don't drive. a new technology allowing car lenders to disable cars if the owner misses a payment. consumer groups saying we should slam the brakes on the plan. john, you are fine with it. >> i'm completely fine with it. we treat lenders like pottersville. this is insane. they lend money to people that are the sub prime category. it's tough for them to get money. after 30 days, if they haven't made a payment, they have the right to stop that car. i don't understand why when people borrow money, the bad guy is the guy who lent them the money. this is backwards, in my opinion. >> is it? >> no. i think it's wrong. no lender, i don't care how late

you are, no lender has the right to put anyone's life in danger by turning off that engine. it's not clear, people are saying it's not happening. there's enough stories, it's unclear who has the authority to turn the car off. tomorrow your car will not start. you need to make a payment before midnight. >> i have to get everybody in here. gary, is this fair? >> well, i tell you what, i think it is. if the consumer is given enough warning and a fair shot and the car is in their driveway, which they can track with gps, turn the car off. >> tracy, you like it? >> if you get a fair warning, fine. if not, no. it could be good news for other borrowers who don't miss their payments. >> yeah, because it lowers the rate.

the subprime lending is so low rate because collections is so easy. a repo man is dangerous to the consumer. turning the car off is safer. this is not a case where financial industry -- >> we have a virtual repo man. thanks. coming up, a few consumers getting bent out of shape over apple's new iphone problems. while the company straightens things out. you can be dialling up profits. we'll tell you how, next.

predictions. gary b. >> brenda, i think the apple bendgate stuff. stock will be up. >> portfolio down 20%. >> john, your prediction? >> walmart getting into banking is good for walmart. stom stock up 20%. >> it's been snoozing, let it sleep. >> jonah? >> departs under questionable circumstances. it's good for black rock up 15%. that's where the money is going to be going. >> john, you buy that?

>> staying. >> that's it. don't forget neil cavuto is up next. cracking and beating isis. who needs boots on the ground when you have this. i'm neil cavuto. follow the money. a new group called the counter extremism project is doing to stop the cash flow to isis. itis putting together a data base of extremists and where they get their financial support. they are trying to do it. an idea that more of us should be supporting. or panel is here. charles, what do you think of this? >> i love the idea. people need to think of it as