neil: i don't remember anything. was i moderating a debate tonight? >> yes she worker then i'll it was a numbing experience. the foreign-policy thing

understands. bank fabailouts. government setting minimum wages and so on. our own student audience watched the debate, sometimes laughing. now they can vent about who made sense and who didn't. deroy murdoch of "the national view." libertarian and more hawkish than i am. austin peterson of the website libertarian republic. he's young but knows these issues often better than i do. let's start with you. who sounded good to you? >> i don't think any of them really sounded that great to be honest. a lot of them were talking about

their tax plans, they were talking about fiddling with the codes. the idea behind the free market is one person doesn't know how to live somebody's life better than them. if you look at marco rubio's tax code versus ted cruz's tax code they sounded like rand paul was talking six months ago. why is it all of a sudden we have a singular idea about how to control the tax code and the guy who came up with that idea is the one they're ignoring. i think this shows there's a problem in the republican party about what kind of message they really want to send. >> hadley? >> i'm going to disagree. i think we see a broad cast of characters on the stage. a lot of them just playing supporting reals. is royles. >> who's out now? who are the supporters, supporting role people? >> it's going to be hard for people to jump back in from the earlier debate tonight. i did think that governor jindal and actually governor christie did a good job in that debate. other than that i think mike

huckabee and the other participants in the first debate, rick santorum -- >> you're trying to remember him? >> i can remember. but they're polling too low and at this point it may not be that they have a path to the nomination. >> deroy? >> i think we all benefitted from a conversation with eight people onstage instead of 11. it was easier to follow what was going on. i think we saw a lot of talent. marco rubio came across very clearly. his answers to be able to involve his economic ideas, his thoughts on education, on international relations. i thought he came across very well and i think his star power is very strong. >> i heard marco rubio support from you folks? >> one thing is a clear breakout idea, wlsh you disagree or agree with it. last time we talked about the 9-9-9 tax plan. it was on the edge of people's tuns. i've not seen any idea jump out where people have said, i like

this idea, i dislike this idea but everyone's talking about it. i'm not seeing that in this campaign at all. >> marco rubio is jumping out. he's risen in the polls and as a candidate. i have some problems. rand paul brought up a couple. how can you call yourself a conservative and want to spend $1 trillion more on the military and do social engineering on the tax code? a special child -- >> very concerned about the rise of marco rubio. he's sort of like -- he's the jeb bush or what jeb bush was supposed to be. he wants to spend $1 trillion more on the military, he wants to establish a no-fly zone in syria, we'd have to be shooting down russian jets. everyone knows the iraq war was a complete failure. marco rubio wants to double down on all the failed policies of george w. bush. so let's elect the bush family, at least then we get the tiny. >> rand brought some of that up about the no-fly zone. the republicans are very hawkish. they didn't pick up on it.

>> deroy, you want to pom everybody? >> not everybody. be selective. from obama the lead from behind concept has brought us isis, russia in crimea -- >> bombing has been a -- >> a set of islands in the south seas. this country internationally has become a laughingstock because the idea of american leadership and preeminence have been demolished by this president. >> one thing i have to say, all the republicans other than rand paul have the same foreign policy as hillary clinton. rand paul called hillary clinton a neo-con war hawk last week. it's true. the only person who offers an alternative on that stage from a attorney policy perspective is paul. the republicans don't care for him. >> i agree but they don't care for him. the audience was not impressed by him. but we have a war hawk right here. i don't get your point. isis was also created by our intervening in iraq. >> no, i disagree with that. iraq, when obama arrived are was

certainly not switzerland or belgium or costa rica, but it was relatively calm and stable. obama decided it was more important to pull people out than succeed in iraq. what ended up happening was you had a vacuum and into the vacuum stepped isis. people who not only have been chopping off heads it looks like they've blown up a plane with civilians on it. god forbid they have other planes to bring down, perhaps with americans on them. >> the islands in china. these are barely above sea level. obama's so upset about them. but according to him global warming's going to erase these things anyway. why is that our business? they're building these islands. we have to police the other end of the world? >> well, if things stay calm with china that's not a problem. if things become more tense, they decide it might be a good idea to close off sea lanes or limit trade lanes, that becomes a problem for commerce. a country like china, which may decide let's beat our chests and put the americans in their place, if you will.

that's something that propounds very negatively for our country and the people in this studio and the people at home watching. >> let's move on. spending. hadley, i haven't let you speak. what did you hear about spending that made sense? that's the big issue. we're going broke. >> first of all, i was disappointed that none of the candidates corrected the premise that tax reductions cost money because the implication was, oh, we want to do tax reform, you want to reduce taxes? that comes with a cost so how are you going to pay for that? we shouldn't be having to justify why taking less of the money that belongs to the people -- >> supply side argues you cut the tax, there will be so much more economic activity, more money coming in. but it probably isn't fully going to -- >> right, i think that's why it's important for candidates to be specific about how they would reduce spending. >> very little. >> it just troubles me to see someone, for example, like governor kasich from ohio, who actually increased per capita spending while he was governor there. that's someone's record speaks much louder than their words.

expanding medicaid is another fault of his that he expanded a federal government program associated with obamacare, putting more people dependent on the government when it comes to health insurance. that doesn't seem like a fiscally conservative thing to do. >> i agree, i found him annoying, kasich. he has dropped a little bit. but in his defense, there is this survey which compares what governors did year by year. so you're not comparing based on an expansion or depression. bush lowered spending the most. kasich was second. christie and huckabee were the worst at crediting spending. he may have increased it but compared to what else was going on he wasn't so bad. >> we have to pay attention to the federal dollars that he took for ohio to expand medicaid. because those are taxpayer dollars as well. just robbing peat tore pay paul. it may look like a decrease in spend in ohio but it wasn't a

decrease in overall spending. paying for the medicaid expansion in ohio has been expensive. >> kasich came across in terms of appearance better than in recent debates. really? >> in terms of his presentation. >> who agrees? i disagree what he said but i thought he was forceful and never jettic. i disagree with his attack on wall street, that's what i expect out of bernie sanders, not somebody on the gop debate stage. >> marco rubio broke from the field by saying we need to subsidize families. at its heart that is social engineering. if you're a limited government conservative and you think families are a good thing, those are the values we have to exemplify. to say, the government can't be involved in this, that, why do you want the government involved in the most intimate thing that you have, the most part part of our civilization? >> because we like families. >> kasich would say, think of the children. that was one of his lines. >> as much as i like rubio, i

agree. the best thing to do is get the tax rates as low as possible, let people keep more of their money, then they can decide to have children or not, how many kids to have, and get the government out of using the u.s. tax code as a blunt stick for social engineering -- >> i wish this were simpler so we could fill it out yourselves instead of having to fill out the child code. what about rubio supporting subsidies for sugar? >> i can't defend that at all. >> campaign money for the -- >> i think the sugar program, it's amazing. >> disgusting. >> it doesn't cost that much in tears of outlays. in terms of destruction it creates economically and environmentally. if you're in haiti thinking, we can grow sugar cane and sell to it america. we'll buy a small amount then say, we don't want any more, go back and enjoy your poverty for another 11 months until we buy more. it's an awful program that should have been wiped out years ago. >> don't let ted cruz off the hook. while he was a private attorney in texas he was lobbying for

stimulus money to be spent in texas. he wrote a paper in 2009 about how he thought the stimulus program was brilliant and we should bring it here. yes, he did. we need to take a look into that guy's record as well. >> certain inconsistency, you're suggesting. >> yeah, perhaps. >> the main driver of our bankruptcy is entitlements. we didn't hear much about that. it's not a political win foreare these guys. >> no, some candidates like huckabee and trump who say, we can't touch these. maybe they don't recognize the status quo is a train headed off the tracks. maybe changing the entire age, tweaking these programs would vote train down but we need to jump to another track, give younger workers the opportunity to decide for themselves what kind of health insurance to have in retirement and to save for our own retirement. >> to your point the social security disability program is going to go bankrupt next year. not 2020, 2030. 2016. and nobody's talking about the fact that this major entitlement

is going to go broke next year. >> maybe they don't know. is it possible? the democrats who say, spend more, they don't know? >> they know. it's part of the congressional budget, the congressional budget office projects all this. nobody wants to talk about the disability program will run out of money next year. >> the focus groups say if you talk about making changes to these programs seniors get nervous and this will hurt you. when they suggest we can keep these programs that they are. >> one of the solutions they offer is let's raise the retirement age for social security. 25% of the federal budget is federal pensions. why don't we raise the pension aim for federal employees instead? >> there you go. >> do both. >> our studio audience takes on the debaters. and i'll give a couple of answers i wish a candidate gave. that and more when we come back. type 2 diabetes doesn't care who you are.

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did watching tonight's debate change your opinion about who would be a good president or who's likely to win? trump and carson lead the polling by quite a bit.

informati fox runs poll numbers all the time but i say polls are garbage. no, that's not fair. they're mostly done by good polling companies and they're interesting. but when it comes to prediction, predicting election results, polls are not nearly as useful as prediction markets. the business audience ought to understand this. prediction markets are things like the stock market, commodities exchanges. they are the most accurate predictors of future events because lots of people participate and guess and they put their own money on the line. the prices change constantly and today's price is the best reflection of what the future will bring. it's not perfect. but it's better than polls. in america, no good prediction market exists for politics. and that's because foolish republicans banned internet gambling so the only real prediction market that works is based in even hand. it's called betfair. and useful as it is to us americans, it's basically unintelligible. the prices are in pounds and

it's tough to understand who's ahead. but look at this website. this is understandable. that's because fox producer maxim lott converted betfair's odds into percentages so we americans can process them. hillary clinton's a huge favorite to win the democratic primary. and on the right you see she's the 53% favorite to become our next president. in the middle is the betting on who will win the republican prime floyd mayweather. marc i don't cube i don't is the big favorite. not trump or ben carson. trump comes in second. but he's way down compared to rubio. then cruz, bush, carson and the others. sadly, my first choice, rand paul, near the bottom. you can check these out on my website at johnstossel.com. any time, they update every five minutes. since the debate began rand paul's up a little. i can still hope. the betting. do you not agree, do you agree? the betting is more accurate

than the polls? >> i understand. when you look at prior lex cycles people who are leading in the polls during this time don't end up being the nominee. furthermore these polls are mostly national polls or polls of specific states. the nomination process is state by state. it's a lot different than taking a national poll. >> the first comment from a candidate at the debate that made me want to scream was this from donald trump. >> i can't be neil. the reason i can't be is we are a country that is being beaten on every front, economically, militarily. there is nothing that we do now to win. we don't win anymore. >> we're being beaten economically. what does this even mean? >> they say america's the greatest country in the world, yet we're far behind in china, right? so to me, i think donald trump's obviously just using flashy rhetoric in order to get people to like him. he speaks at a third grade level which gets a lot of people to

support him and all the candidates are talking in longer terms. if you look at what donald trump is doing it's brilliant. he's breaking through the barriers of getting people interested in politics. >> in a bad way. >> well, politically incorrect and his politics are incorrect, but he's slayed the beast of political correctness and i think there's a victory here. >> that's good but economics is not war. we don't lose to china when they sell us stuff. >> the political correctness victory at what cost? when you look at his credentials, first of all, he doesn't have a record in office. his recorded statements and books or spoken, we can't tell if this guy's for universal health care, when he's pro-choice, pro-life, where does he stand? in trade, obviously a protectionist. immigration, obviously a protectionist. eminent domain, that's something he's abused. >> it's going to be yuge! >> exactly. >> it will make your head spin. >> he does talk about america

losing to china. look around your house. almost everything you buy is made in china. this is a positive thing. what i do think he does capture, why i think he's got popularity, is the sense of economic stagnation, economic anxiety. the economy's not growing much. people get the sense they're not going to be able to save up money for the retirement. the average american is $1,000 retirement savings or something like that. a lot of that economic anxiety plays into the sense that we're losing as a country. >> on social media, i made a comment about trump having no clue. on facebook, richard kawaki responded, he has $10 billion! they don't give you billions for being stupid, how much do you have? just because his father gave him a million and he bet on real estate and made a ton doesn't make him intelligent about economics. >> donald trump owns a company that has products that are manufactured overseas. so why does he want to restrict trade for other people but not his own companies? >> right.

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republican candidates repeatedly say, we've got to strengthen the military. i'm glad rand paul interrupted at the debate to say this. >> do you know we spend more on our military than the next ten countries combined? i want a strong national defense but i don't want us to be bankrupt. >> deroy, i don't want us to be bankrupt either. >> i'm not for bankruptcy if that's your question. >> do you want to spend more on the military? >> i don't think it's so much a question of just what the spending is. but are we going to present

ourselves as a country that is a leader and that is respected around the world -- >> how are you going to pay for it? >> or be in the posture we are now, getting laughed at, cut deals with iran -- >> how are you going to pay for it? >> they're going to do their own inspection how do you pay for it? >> defense spending the number one priority which it should be under the constitution. a lot of other spending, i think we ought to be -- >> shut it down, it would barely dent the fence, foreign program is $100 million, it should be shut down. >> you heard discussion from carly fiorina about zero based budgeting. better way to put it, first dollar budgeting river every agency ought to explain and justify their budgets rather than, you spent $40 billion last year so we'll give you $5 billion on top of that and it keeps growing and growing and growing. >> i'm moving on. minimum wage.

i'm glad we heard sensible things. marco rubio says you raise the minimum wage, we'll make people more expensive than machines. carson said, raise it, you create more unemployment. finally some people being articulate. >> he can say that because a lot of times it's the minority communities that are harmed the most by racing the minimum wage. when you raise the minimum wage all the people who are unemployed, unskilled, they're unable to get jobs because they're not able to get into the marketplace. when an employer has to have a high minimum wage he has to find somebody who can fit that page. people without job skills can't find a place to meet them halfway. >> even a republican voter saying, yeah, we ought to raise the minimum wage. >> santorum for raising that federal minimum wage. >> a lot of this is magic wand thinking. rauts the magic wand, raise the minimum wage, employers say, great. no, they say, look, we can put in at mcdonald's, rather than have somebody there taking your order, we'll have a machine

taking your order. you go to places like drugstores now and there are machines there to do your own checkout. at the airport, instead of somebody checking you in you check yourself in. this is automation and robotics. you'll see more and more as the cost of labor goes up. >> what's interesting about that moment is marc committee rubio was asked a different question but he went pack to minimum wage because he wanted to address minimum wage. which i thought was different for a republican because they're typically on the defense when it comes to some of these income inequality questions. he did an excellent job framing it in terms of opportunity, which is i think what the next election's going to be about ultimately. he had a fantastic answer. >> a low-wage economy is better than a no-ca hino-wage economy. >> republicans are talking about free markets sort of. in the debate carly fiorina criticizing obamacare said this. >> we need to try the free market. the free market. where people actually have to compete. >> and that would be the only answer to stop bankruptcy.

but americans don't think there should be a free market in medicine. nobody wants to -- do you want to pay for your own health care when you go to the doctor? no, you look for insurance coverage, right? and that's hardly a free market. that's somebody else paying. >> well, what we have now is a system of multi-party payers and insurance companies have turned into third-party payers for every aspect of medicine, including preventive care, which each of us could afford to pay for out of our own pockets. but because of the support of federal legislation like obamacare that mandates each of us have this list of things covered by health insurance, that supports the third-party nature of our system. another problem, and this is typical, some people think we can get rid of obamacare and do nothing to replace it. but the fact of the matter is if we go back to the world before obamacare, there was not a free market in health care then either. one of the important problems was the distortion that favors people with employer-sponsored health insurance. >> insurance with somebody else paying. the only answer is the market

and people are scared of that. more on these debates when we return. i think there was too much talk about a big wall.

in the presidential debate, most of the candidates supported legal immigration. but kasich and trump said we've got to build that wall. we're back with our panel. deroy murdoch of "national review." hadley heath manning of "the independent women's forum." austin peterson of "libertarian republic." it's popular to say, build a wall. and they could do it. and mexico will pay for it. what's wrong with that? >> yeah, that just goes to show if you're a republican you can push as much socialism as you want, but if you say you want to build a wall, you are guaranteed to get a vote. so to me i think it shows a fundamental misunderstanding of the free market view on

economics when it comes to immigration because nobody wants to pay $10 for a cheeseburger. everybody on a consumer standpoint likes to have lower prices. when we have migrant labor, whether legal or illegal, it brings prices down. if you're for a free market you have to be for a free market and labor -- >> that's why they hate us libertari libertarians. >> i know. >> for this bizarre, oblique reasoning. you ought to come here legally, as trump said amnesty is unfair to those in line. >> did the pilgrims come legally? >> no, but it's different now. people want to kill us, we have an established country we're trying to protect. most of the illegals don't even come here from mexico or across the place where they would build a wall. >> i think trump's right. my mom and dad are from costa rica. they didn't run across the border. they went to the u.s. embassy, they filled out the paperwork, they came in legally with passports and visas. >> they couldn't today. america makes it impossible. >> we need to make legal

immigration possible and manage that. i've got a friend from russia. he came in legally. he's been trying to get a green card and all that sort of thing. i understand he spent $80,000 getting all of his legal paperwork to get this situation where he's been able to get a green card. i jokingly said, you should have run across the bored border, it would have been easier. we need to make legal immigration streamlined and make sense. we need to be fair to the people waiting in line and not jump over those people and say, all right, you've been here illegally, we'll give you free stuff. >> free education, all that stuff. >> 40, 60, 130 years if you're a mexican teenager. >> exactly. in fairness to republicans this issue divides them greatly. you could hear from the applause lines on either side. i think securing the border is something that gets applause, whether or not you say specifically you're going to build a wall. but there are pro-growth, pro-opportunity republicans who favor some kind of immigration reform that would allow for more legal immigration and growth in the labor supply.

>> marco rubio and jeb bush. they tend to be more libertarian on immigration. donald trump is more like the -- like bernie sanders, they both believe those immigrants are taking or jobs. >> and they paint the economy like a zeem rzee row sum gain. >> tax reform, carson wants 10%. it's inspired by god. in the bible, in samuel 8:17, the jews want a king. prophet says, you don't want a king, he'll take 10% of your flocks, you well pecuniary the servant. >> we should be so lucky. >> 10%, that was a threat then. now it's 40%. about. >> can we vote for that king? >> god said give us a king and this was a warning to the israelites they shouldn't give someone total power over them. that is a libertarian lesson. jesus said, give to caesar what is caesar's and give to god what

is god's. there are libertarian christians who believe in private charity and private tithing. i think ben carson has his heart in the right place. proops where he goes to get his support may not be an economics textbook that i would prefer but his heart is in the right place and he's a good man and i appreciate his thoughts. >> 10% would be a great thing. it's remarkable it's so different from what samuel considered horrible. >> i've written about this. the national taxpayers, rough figures, what if we had a tax plan, no deductions whatsoever, everybody paid in? what tax rate would you need it to be? roughly revenue-into it neutral. he said 9.8%. 10% would bring about the same amount of revenue, no deductions so we wouldn't have the tax code, everybody has skin in the game. you may get more benefits out than you pay in but everyone has to pay in -- >> they say the tax foundation favors rubio's plan? >> in terms of economic growth,

that's correct. because they say that not only will his tax plan change the individual rates. it's not a flat tax, it's not a fair tax. there's still a progressive income scale for people based on their income. but they also -- the rubio plan at least allows for some chapter-s corporations and sole proprietorships to file basically the same as a corporate tax rate, under the rubio plan 25%. that change would allow for job creation and treat small businesses and larger businesses on a level playing field. >> i don't like any of these tax plans to be honest. they pass cigarette taxes to say, oh, we want to stop people from smoking. what are income taxes supposed to stop people from doing? making income. >> good line. in some countries, like hong kong, they have a three-page or shorter form and it works. next, you our audience, all students tonight, high school and college, you get to give your take on the debate.

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let's go to you with your comments. on twitter, best debate yet. actual policy questions asked, not gotcha questions. put a sock in carly fiorina's mouth. yap, yap, yap. she's hilly in a skirt. she did go past the bell. wasn't that rude? you have questions. who's first? go ahead, sir. >> what are your thoughts on the discussion that senators paul, rubio, and cruz had on the size of the u.s. military? what do you think the size of the u.s. military should look like, and what do you think our involvement should be in other countries? >> europe's freeloading off us. it's too big. >> as i i was saying during the break, this debate between liberty and security or how big the military should be is always present. but after the news events of

this year, given the refugee situation in europe, isis in the middle east, the videos we all saw of people being beheaded, i it this american public is favoring a larger military presence right now. and so politically, this issue seems to be pointing towards most of spending in that area. >> oh, joy. next? >> so after criticizing and giving your opinions about the tax plans that the delegates game, i mean candidates, what are your plans and what do you think you'd do to change it? >> if i were president of the united states, i would like to see a flat tax of 0%. >> oh, come on. we need money to run -- >> to run government. >> value-added tax. >> i would have a flat tax of zero if it were possible. a flat tax would be the best to know because we'd know how to do our taxes and that would i'd the burden. frankly i don't see much of a role for government in our lives

except perhaps police, military roads. i'd privatize the road. my tax plan, flat. >> i'm new york city chairman of the college republicans and would the federal government writing these blank checks to subsidize student loans, how do we alter a system that's encouraged irresponsible, skyrocketing tuition costs at institutions of higher education? >> how many of you are getting a government check to pay for your school? if you're a high school student you get free stuff so a few of you. pay for it themselves? >> it's kind of hard to dial this back. i know that the high interest rates people are paying -- i remember the part of the obamacare bill, this is usually not talked about very much, but basically nationalized the student loan program. when the private banks were involved, you did have lending but the interest rates were lower. this is all being run by the federal government and the interest rates have gone up. when you hear obama say, i can't believe these students pay such high interest, he's the one charging the high interest. >> who's next?

>> in what ways exactly is illegal immigration affecting and ruining our economy? >> we don't think it is. right? >> illegal immigration? i can't see the damage to our economy that illegal immigration would do. >> clearly it takes away some people's jobs, some people lose. >> are you saying people who can barely speak english are taking jobs away from americans? >> i am. i'll work for less money, i don't speak english. somebody who speaks english loses a job. >> a lot of illegal immigrants do work americans don't do. it comes to an expense when people decide they need our medical systems, hospitals, emergency many roos. there's a huge impact in terms of public assistance for people who are not in this country, are not american citizens, didn't come in here -- didn't ask our permission before coming in. but, but, they also give us things. >> they do, absolutely, they do. >> they invent things, they pay taxes. often they don't collect social

security because they're illegal. >> they do a lot of work and we definitely need to recognize that. fundamental question is that they're here without our permission. then again, some of them receive public assistance, that becomes very expensive. democrats say, if you're an illegal immigrant we want to give you in-state tuition costs. which is really public assistance and that's expensive. >> one last one. >> the tax plan rand paul criticized for not being conservative. do you believe all plans need to be conservative? >> i think republicans should try to offer something different from what democrats are offering. if this becomes a race of benefits, how much money can we give you through different types of social assistance, the democrats will win. but it's important to point out, when marco rubio offers a child tax credit, it's different from >> thank you, panel. coming up, what should a candidate do when moderators ask dumb questions like this one? >> what would you want your

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every debate, i think about what i wish the candidates said,

or didn't say. if i were running for president, i'd do better! but that's really dubious. because debate's hard. to stand here live with your opponents ready to pounce and remember the facts about budget numbers or government programs, provinces in iraq. that's difficult. could you do it, audience? what do you think? [ collective no ] >> that's an honest answer. i know i would struggle. especially when the questions are random or stupid. tonight's questions were pretty good. the previous debates? here's one. >> what is your biggest weakness and what are you doing to address it? >> how are candidates supposed to answer that in a political debate? mike huckabee got a laugh by saying this -- >> i don't really have any weaknesses that i can think of. >> he went on to joke that his wife could name his weaknesses. governor bush then said, i can't

fake anger. that's his biggest weakness? senator rubio said, thank you for that question. thank you? why? it's a bad question. donald trump said, i trust people too much. excuse me? that's his weakness? carly fiorina came up with this answer. >> at the last debate i was told that i didn't smile enough. >> fixed it! >> fixed it, a little put-down. but it's hard to give useful answers to questions like that. or ones like this from the last cnn debate. >> the united states secret service uses code names for the president and his family. ronald reagan's code name, for example, was rawhide in homage to his performances in westerns. >> he went on to ask the candidates, what should your code name be? i wish one responded "cnn hater."

"i resent your flippant questions." but i really wish one said something like this. "i will cut back the secret service because america is going broke, we have to cut government. the secret service, like all government agencies, has grown into a giant beast. one that's so incompetent they let a stranger walk right in the front door of the white house. but they're still so big and intrusive that they disrupt all life when a president travels. a president, heck. i once appeared on nbc with john snow, george w. bush's treasury secretary. hardly anyone knew who snow was. probably more people wanted to kill me than kill snow. but because snow had his government position, four secret service agents protected him, owe firstly ordered everyone else out of the room. we have to protect this gentleman. when i'm president, i'll have a much smaller security detail. and no, i'm not going to

announce my code name to the entire country on your show. but i guess candidates can't talk like that. but i wish one would. and would go on to say, the secret service is just a tiny example. if you students are to have a future, we have to cut most things government does and reduce the growth of government. people my age now collect much more from government than we put in. and there aren't enough of you to pay for us old people. after all, when social security was created, most people didn't even live to age 65. now, on average, it's 78 years. and life spans increase by, on average, eight hours per day. government can't pay for all of us. but i want my medicare! i rudely refuse to die! are you guys ready to turn over almost all your money to people

like me? cover my health care? no? well, you shouldn't have to. but because most of the candidates here around me will not support any major cuts, your future is toast. the democrats are worse. heck, they want to spend more on social security. and give people more free stuff. college, free phones, free birth control. as if all things come from government. your future will be good only if we cut government, or at minimum, reduce the growth of government, to 2% a year. 2%. shouldn't that be possible? that's still more than inflation now. does government have to grow twice as fast as inflation every year? no. but it always grows. every year. more than inflation. because my political opponents won't cut anything. we should end all bailouts. foreign aid. corporate welfare. cut regulation by half. and so on.

i doubt we'll hear that. not from the next few debates. but maybe, someday. and that's our show. see you friday for a new show at our normal time, 8:00 p.m. tributes also held at cafes and concert halls that were targeted. now we take you to "bulls and bears." the u.s. on alert. as cities across the country ramp up security efforts ahead of this holiday week. it comes as new isis videos threaten attacks on u.s. soil, and someone here says just the threat of it will have an economic impact. right or wrong. hi, everyone, this is "bulls & bears." gary b. smith, jonas max faris, john layfield. welcome to everybody. susie, just the threat threatens or economy? >> yeah. i mean, what's a bigger word than disaster?