tv Cavuto FOX Business February 26, 2015 8:00pm-9:01pm EST
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is and a lot of falls under the umbrellas of the republican party. i think many of us are looking at the same thing. and i do not want to see a repeat. >> my apologies for cutting you off. that's it for tonight, thank you. neil: this is how bad the entitlement society is getting. if kids don't get what they want, they are defaulting and leaving you with the bill. the ultimate intentions. fifteen former corinthian college students say they will not repay their student loans and are demanding the government forgive their debt. the argument instead their college went belly up, so why should they pay up? i told you how this thing kind of gets contagious. the debt strike is on and do not think more than a few sympathetic liberals have their back. elizabeth warren has already written the education.
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so taxpayers will be stuck with the bill regardless. many of whom have already paid college bills or are still chipping away at theirs for years to come. is that fair to them or to us? are we getting another dangerous precedent here that if you can't stand the heat someone else will gladly clean up the mess in the kitchen? hadley says students need to deal with the real-life consequences. >> they are encouraged by people like elizabeth warren to have what you call a tantrum. that is exactly what is happening. >> the thing is that nobody made them do this. if you take out the loans and you decide to go to the school, they still got the education. if they are not getting a job -- if you are an employer and you see these kids out there with a
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sense of entitlement, are you going to hire them? >> i can understand the frustration. this is one of the for-profit type colleges but just did not pan out. but that doesn't mean that all of a sudden you bail out on your obligations. >> that's right. i can understand the frustrations as well. if you read what they wrote to the department of education, they timed it to a much bigger problem in our society and economy, tens of millions of people struggle with student loan debt. not only would it be unfair to forgive their debt because their other people that pay their college bills, there are a lot of others that never paid taxes. subduing this is a greater injustice. >> john kennedy said that life is intrinsically unfair. but there was a guy that went to ivy league school who say i regret the student loan that i
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got and i regret that i went to through drinking school so i'm not going to pay. and it's not silly, but it's not that much. >> it is all a matter of choice. we have a lot of choices in this country. and so not as a professor in the masters program. the way that i taught was that so my students could learn and with an eye on going out and working, but it's not my job to make sure that they find employment. it's competitive and a degree can certainly help and it gives you a leg up. there are many things that the colleges and universities need to do to bring it down. >> the guys they cast that if you just -- if you whine and
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complain a lot, somebody watching them is going to come to help you out. and so there has been a history of that. right? >> that's right, it seems to be that it's easy to push this a side and say that this is their fault, but the students are part of the system. because of this federal government on student loans this is adding to the cost of college because what we need to do for the students and others to prevent future students from being in the same situation is to restore a competitive marketplace where the price tag of tuition reflects the value of the education that you are using. >> you have no reason to stick up. don't blame the kids, scott brown says the government is all about encouraging this attitude of people turning their back on their obligations and then walking away. so good to see you.
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we have actually embolden this type of behavior, have only? >> yes, of course we have. not only do we have the department of education running the student loan program $127 billion went on the backs of our students for the government borrowing very low amounts and the interest rate is not the issue and you and i know that you have professors, administrators teaching one or two courses and so i have made proposals, i have made suggestions to actually tie the ability for universities to get federal loans, that they are actually trying to keep this rising. incentivizing to keep those
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costs low and they are not. they are encouraging kids to get more and more into debt because it's just a runaway freight train. neil: you have elizabeth warren who wrote sometime ago a letter to the education secretary saying that these kids have a legitimate beef and we should help them out and that was shared by many others or the those individuals that appear to get the short end of the stick. and we all sign our own college loans, right reign. >> sure. let's take senator warner, she was a professor at harvard and taught one course -com,-com ma got $350,000, their other examples just like that. take that victim, every student is being victimized, every person in america the victimized and who do they look to?
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they look to the president in this and this administration because he is proposing free college tuition for two years community colleges. neil: you are right they're not idiots it's a gravy train you have to get in on this, you always have to stand in line and think that some of the crumbs are going to come your way even if they are not just crumbs. history proves in recent years for those that protest and wine someone will pass something out to you if you stand around long enough to. >> this case is a little bit different. you have an institution that is failing. so the kids may have some kind of legitimate beef. so i do have sympathy for them. but i hope that they also learn when they are at school but they have to follow the rules and the law, it's a process that they can go through to get the relief if they feel that they have been wronged. and if you look online and you can see all of these looking for
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kids to help get away from student debt. you pointed it out that it means that you and me and every other person who either never went to college or to go to college is ultimately going to be responsible. >> they are punishing the wrong people. always good to see you, my friend. scott brown. meanwhile, don't hold your breath over republicans wanting tough love. are you waiting for the grand old party to get behind some grand old reform? steve says good luck with that. and he is a republican and a very angry republican. so it's time for republicans to seize the initiative to just get back to their core but they do not. >> they certainly haven't, we have named the growth of government and now america
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sending a very powerful message and we want to see real change. neil: have a chance to deal with reform and entitlement issues, some of them are, but all of them are not. >> no, they are not yesterday the chair of the federal reserve bank pointed out some of the driving reasons behind that. so tomorrow afternoon i'm going to be bringing a group of leading conservatives from think tanks like the cato institute and others, the heritage foundation, young america foundation freedom works, for a meeting with janet yellen, to talk about the monetary policies. because the policies of the federal reserve bank have been very much inspiring and allowing this massive growth of the entitlement state to low interest rates and lots of extra cash being printed. and a lot of that has inspired
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kids to borrow money they shouldn't borrow. >> if you think about that that has encouraged the type of behavior that republicans are loath to criticize. because some of them have divested in the market and etc. unless they can risk hurting themselves. >> the rich are getting richer the poor are getting poorer. and he's right. barack obama says that all the time. most of them are less than 5% of the population. neil: what do republicans have to do? >> they need to stand out. we know we have to cut taxes and regulations. but were not seen middle income wage growth or job growth. >> when you talk to republicans about it you're going to have to respond to what the president is doing here on some of these other initiatives. they are afraid to look heartless. >> let's think about it. in 1964 lyndon johnson launched a war on poverty. there were 7.1 million families
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in this country below the poverty level. some 9.1 billion -- neil: you say very articulately. and you know the score. what do they do. >> so when we go back to the model of newt gingrich of working, being accountable, right now there's a record number of people on food stamps and it's getting bigger, they actually say you can own a car you can own a house. they make it look glamorous taking away the social stigma. but it is a cultural issue as well. but a lot of this goes back to this. we print money out of nowhere and government, because they can have access to all of this printed cash and the federal reserve system can keep growing government bigger and bigger. but the bubble has to burst.
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neil: it's all on that. and i'm telling you, that this is built on what you're seeing. >> we are seeing corporations, then they go out and do corporate buybacks, they don't create jobs, small companies can't get those loans. neil: republicans could expand their audience. >> yes, they have a model that would benefit middle income families. >> are you going to run for governor of new jersey? >> i am not intending to. i'm going to take a group of leading conservatives tomorrow afternoon to meet with janet yellen. she's going to meet with us and we appreciate it very much. >> good for here for hearing that. >> i want to thank her for that.
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>> thank you so much, it's good to see you again. then there is this. that's right, the politically correct word alert. this goes to all of you slightly overweight folks out there folks like me we are not fat we are officially calorically challenge, part of the new suite speak coming out of washington. so good news you are now americans in waiting. if any of you are rotund, that would make you calorically challenge thanks to this guy's rebranding.
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neil: they are not taxes they are revenues, they are not boondoggles, they are strategic investments. the folks pushing them are just concerned. you get the picture, a new picture and language and all new worlds like isis, they are not muslims extremists, i kid but to make a point. the president is not only changing the debate, but eliminating the words and terms that generally define that debate, all those debate take illegals, he says they are more like americans in waiting. and even nancy pelosi's undocumented aliens. that one sounded to much like steven spielberg. so we need to rephrase the
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debate. you can never argue the climate changing, it's always changing. so you can always seriously debate this, but you cannot debate the debate. when you are actually cutting nothing, and then bashing a guy who is doing the trimming and saying that he is growing grandma off the cliff. so how can you solve the problem if you mask what solves the problem. i guess that's why we sign some of for refunds. well, there's been a lot here. so what are we going to call them? emotionally challenged americans that need a hug reign give me a break. this is cutting america to the core. and here is the next wacky but logical extension.
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threatening border agents to do what he thinks are dire consequences. nevermind that the judge ruled the president can't do what he says. so what are you going to do? >> hello first we shouldn't be surprised that the president is threatening law enforcement officers saying that if you enforce the laws that have been passed by congress and the president has sworn an oath to carry out and enforce these laws, that he is going to have consequences for the law enforcement officers meaning that they're going to be reprimanded and fired and potentially brought up upon charges. we should look at rack at the president himself, how did the president who said he didn't have the authority to take this action, that it's unconstitutional, how has he done his two now he's turning
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the tables on the people who are charged to enforce the law threatening us to not enforce the law. >> i always say, what it does seem like if there is more attention paid people who shouldn't even be here because they are legal, then guys like you that are legally rounding them up because they are illegal. having said that, a judge has slapped down the least the president's power by way of executive order, free deportations for up to 5 million illegals. are they saying don't you dare be deporting anyone until this is all settled? because if that is the case then all of your guys just have to sit on their hands. >> the president has to be stopped and thank god we have a republican house and the senate they are trying to fight these democrats in the senate who are stopping even having a debate about this from the funding of
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the department of homeland security. the president and the courts are stepping in and saying what the president has done is unlawful at least at this phase, and i believe that in the end we will be found just the same way. he never should've done this even having democrats saying bad the president way overstepped his authority is any have to be brain-dead. >> any court hearing that kind of threatening language, even if they were leaning to what he was doing, i don't think so anymore. >> it also shows that this isn't just wordsmithing about americans in waiting. that infers citizenship, that is his goal. >> thank you very much. it's good to see you again. we all know that you love the new hit show "strange
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inheritance." melissa francis is diving into all the cutting room floor footage and goes behind the scene. if you think these stories are amazing, wait until you read what she unpacked. and in the meantime fans of mission impossible? i have a mission for you. i'm talking about the king of all cyberthieves coming up next. meet the man who will spell out the mission but you should stay tuned. because this tape self-destructs and 30 seconds
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i bring the gift of the name your price tool to help you find a price that fits your budget. uh-oh. the name your price tool. she's not to be trusted. kill her. flo: it will save you money! the name your price tool isn't witchcraft! and i didn't turn your daughter into a rooster. she just looks like that. burn the witch! the name your price tool a dangerously progressive idea. neil: the bounty is out and the hunt is on, $3 million to anyone who can find a russian hacker that the $100 million, and it is robert anderson to help you find it. good to have you with us.
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obviously this guy i'm assuming it's a guy just one person has been able to trim a lot of money away. how so? three he is one of the most prolific hackers that we have been looking for for a number of years. the stepped up with a 3 million-dollar bounty out is another step in the criminal justice process to help bring him back to the and face charges. neil: if you're a good hacker, you can get charges anyway. so they are the type that know the henhouse. aren't they the ones that might take advantage of this reign. >> they could be, but i think that part of what we're trying to do is then a message. over the last several months you've seen the united states intelligence community take a hard line at hackers and nationstates that are trying to attack the united states and the structure and this is another tool in the toolbox to try to bring them back for justice.
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>> you mentioned nationstates. what if they have russia backing them? and he's actually helping them get money? >> you know i don't know if russia is backing them at all, but i know that money buys you a lot of things. we will work through the criminal process and with the department of justice and our liaison with russia and see what happens. >> how does he do what he does? so you name it. how does he do what he does and what is he doing? >> unfortunately he is one of a lot of people who does this type of crime nowadays, very sophisticated hackers sticking out into different countries they attack making infrastructure and quite frankly people dislike you or me and the main reason for it is monetary they are trying to bring in
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revenue from wherever they can. the big difference between the hackers nowadays compared to old criminal type violations is that they can go out and commit seven or eight, 10000 bank robberies in a minute around the world using cyberskills. neil: used to be for the thrill of it, but now i assume they are doing it for the money as well. >> absolutely. it's a big business and big criminal enterprise, not only do you have hackers like this but you have the black market of hackers that create nowhere and software that other hackers can use and proliferate this across the world. neil: thank you, robert anderson now we know that these maniacs, they are not really trying to conquer the world, they are trying to kill all the
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neil: the fbi investigating suspected terrorist supporters not just in the empire state try all 50 states. lupita nyong'o not just going over there, officials confirming that they are officially a problem here. and a lot of talk about not branding muslims. so where is the shout out for christians, over 200 of them? one individual says we better wake up because this is not about color but crazy.
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so it's good to see you. >> it's good to see you as well. neil: we don't give it much attention. we have mentioned that these people have been kidnapped, maybe some untrained we don't focus on. >> we have to take untrained pay attention. while we do want to be saved and we want to combat terrorism where is the brother's keeper kind of thing about people who are suffering religious persecution? i don't know if we are giving that enough attention. >> what happens in the media a lot of horrible things have been done in the name of christianity. and i can say that you're right about that. but a lot of horrible things have been done in the name of islam. i'm not hearing a great deal from anyone.
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and then there are others that were referred to as christians that were being beheaded, but they took more hostages what is going on without? >> you know that i'm a mother and grandmother. and i may say to my daughter. did you take out the trash. so if you deflect by saying, well, we're not going to look at isis or whatever is happening because we are going to say that christians persecuted each other, okay, we can deal with that, but can you will deal with that as well so we cannot be deflected with what is happening, the responsibility to take care of the safety of our nation looking at the past we need to do that, we need to learn from mistakes and we need to deal with what is happening right now. >> what is really scary about this if you think about it is targeting those whose greatest
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sin is this. that is a whole new thing on this. and so i think what really drives them is eradicating individual. >> there were many that were born. and we have to remember that with compassion and love. but the christian persecution is just wrong. whether it's in the middle east or africa or right here in the united states. we are being persecuted for our faith in america. so that must stop. >> you know god loving zealots they are crazy.
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>> i just want to tell you about my jesus and how good he is to me. americans should be allowed to do that and we are going to be generous than if we want to be what we call tolerant, how can we be intolerant towards christians? >> at least when it comes to other points of view we are catering to iran right now they want all jews and christians off the planet and you have to wonder whose side are we on here. >> that is exactly the question that i would like to ask the president. since he will not call upon even african-americans, even those that support islam and christianity, we would love to talk to him.
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call us and we will tell you how we feel. >> your phone number rings? >> that's right. >> you are a little bit more conservative than some in your family. you have food tasters? >> honest-to-goodness we don't do a lot of political stuff. neil: good for you good for you. neil: always good to see you, young lady. okay, in the meantime, what is driving isis? >> we do have to address the grievances that terrorists exploit, including economic grievances. neil: the only problem is that gee how john isn't looking for a job. more than half the 9/11 terrorists did the same. maybe it's not the money that is driving isis but maybe that is
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>> in the longer term medium and longer term, we need to go after the root causes that lead people to join this group, whether it's lack of opportunity for jobs. neil: what does the state department think of the beheading front man? turns out that the guy comes from a lot of money. richard newton is wondering when the administration is going to come to its senses. >> it's good to be back with you. again, isis is made up of islamic terrorists, we know that. they have infrastructure and military capabilities, we have talked about their financial capabilities, their governance structure and also the information or psychological operations which has global reach in and of itself. so it is a significant threat not only to us.
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this is a growing threat and it's a growing threat in barbaric ways, we have talked recently about the beheadings and even the crucifixions. >> others have made issues as well, saying that were not just imagining a disproportionate number of christians being targeted, jews being targeted, what are we to make of that and what are we going to do about that? >> first and foremost we have to recognize that we are out or with the radical islamic terrorist and that isis stepping away really quickly, the director of national intelligence james clapper testified at a senate armed services committee that 2014 wives a record year. he is somewhat of an independent operator, the director of national intelligence and he is correct. so we need to look at that and
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deal with it. it's not just a military threat, but we need to look at all instruments of u.s. national power, diplomatic, financial, also so forth and so on. this is nothing that we have seen in the past. neil: the president says don't equate it with things that we have to the threat of not see them i'm paraphrasing here. >> this is probably one of the most unstable international security elements that we have. >> it's already here in every state. >> yes, and i believe that it is something to be reckoned with. not only just isis. general jack keane has said that al qaeda has grown in five
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years. >> for every two or three that we find, i've been told that their are hundreds more. >> there is the interwar or the interstate iraq and syria, that's where i want to clear that up. there is also libya and we have seen accelerated options as well. and then there is the far wanted to talk about in terms of europe and the united states and southeast asia. they are a force to be reckoned with and we need to look at it from a holistic view. >> we need to find them and fix them and target them. >> general, thank you so much. in the meantime, i told you that this is worth a lot of money. put this family together and you're talking $100 million. isn't that a kick
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neil: in our business splits. let's just say a lot of bucks for all the booty because the car dash he instead signed a record 100 million-dollar deal to continue the reality show for another four years on e!. they say that this is why capitalism is great. >> i can't believe it. you know i try to see an episode, but i can't.
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it's like these will young kids >> it's tawdry. you can't argue with success. and the 100 million is nothing. they were smart for doing this deal, let me tell you that the cross marketing that they do. you know that kim kardashian has an app. she made $85 million the first year. >> they've taken all of the smoke and mere, it started with a sex tape. i'm sure you remember. neil: i don't remember. but the famous high knee shot. do you remember? series kernels want to know what. >> my personal opinion was that
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it was photo shopped quit cursing at your cable provider, pretty sure you can go right to watching this because without you even knowing it, the government is rolling out what it's calling control of the internet what you see how long you see it how long you're going to pay for it. >> this is about free market collapse. >> you know, it now has a straitjacket on because of the new regulatory game plan of the obama administration. net neutrality is like this. let's say that you have beachfront property. i have beachfront property in schenectady. that's what this looks like. >> especially when you're getting the government involved
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they are always a step behind, what could possibly go wrong? neil: over 330 pages of the say that we are not going to make it good. >> and the next step is to tax everything. there's 693 days left in the obama administration. neil: on two issue number three at t.j. maxx workers making up to $9 an hour. melissa, you say that it doesn't matter because the private sector is doing this for themselves. >> we talk to workers all the time that say that they want to do this very and that's fantastic, you don't need to get the government involved. neil: that is a personal
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competitive private market position. >> now these two big companies are competing for the same workers and they have to appeal to them in one way. if the government was doing this by changing the minimum wage, what we see is that small business would have to put people into taking their jobs you let the free market do this and then big companies are going to adjust to the market. neil: if the government were pushing it if we didn't have this, what this company be doing it? >> i think they want to retain the talent. i think they are trying to keep their workers from going this way. >> the labor market is competing for the workers. neil: the workers can go wherever they want. >> they are going to have to compete for those workers and i think that the companies are getting out ahead of the administration. >> we can take this out as whatever wages they are setting.
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we can drop this and it goes on every time this comes up. neil: another fox business news alert. alyssa, you have a very big show. >> that's right, we have "strange inheritance" i ask all the questions that jamie colby is too polite to ask. we dig in deeper about the fighting behind the scenes and what went on. also there's some great material in there as well. i'm a little pushy cushier than she is, i think. so i just really dig into so tonight they have a cello that they sold for about $6 million they left it in a cab once and almost lost it, that did not make a show.
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we also do our own hearing test and we blindfold ourselves to say we can tell the difference or not. watch at 9:30 p.m. neil: okay great. only we don't hate you. maybe it seems like he does. so before you speak to the house, you should hear how your treatment in washington is bringing it down now. stick around
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>> "what's the deal, neil?." >> what is the deal with administration fearmongering, slapping our only friend in the middle east, israel with the other? more than a few of you convinced that the white house is making a big boo-boo when it comes to treatment of bb. shawn in new york -- kyle via aol --
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then there's tony in the bronx, or as he likes to call himself, the menace from venice. why does it sound like you're threatening me? and bob in los angeles -- mary on facebook writes -- and finally rachel who writes -- really, rachel, cavity? that's the best can you come up with? cavity? no autocorrect?
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maybe not. thanks for watching, "strange inheritance," talk about strange, starts right now. stick around mel ace francis is going to dig in even a little more, after that. show that touches base with you folks. "strange inheritance." >> a world famed musician dies. >> his love. his heart. his voice. >> it's more than 300 years old and could be worth many millions. this strange inheritance is more than about money, it's about a father's legacy. >> it was clear to us that he did not want it to be hidden away. ♪ jamie: i'm
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