katy perry. >> big show for you. >> it's wet and cold. we hope that we warmed you up. >> come on now. >> welcome to "fox and friends." fewer jobs being created as more americans drop out of the workforce. the disappointing jobs report coming as the republican presidential candidates keep on pushing tax cut plans. they say that's the answer. are they right or wrong? hi everyone i am brenda and this is bulls and bears. here they are and this week gary smith, john layfield and along with susie and emily sesman. okay. the tax cuts is that the best way? >> i think that they are brenda. look there's -- research comes out everyday and the latest says that there's a positive

correlation between tax cuts and jab growth. even if we look back at real life examples. every major economic expansion that we have had for the last 50 years has been spurred by the tax cuts. kennedy in the 60s, reagan in the 80s and clinton in the 90s. each of them saw robust jobs. i think that the evidence is very clear. i don't know why you would not cut taxes. >> emily, you have a different view. >> yeah i think that we should put the job numbers out to p perspecti perspective. they may be low, but i think there's a little bit of perspective on that. as to the gop moving forward, they're catching on to something of this messaging and the populace sense in america. they're throwing a little bit of a bone towards symbolic really

in the tax kucuts to the middle class. when we look at the job proposal and the hole, what they're doing is continuing to benefit those at the top and hoping that it drik trickles down. i don't know if the americans want to buy it. they want to see solid programs that help them. >> we know that the top percent pays 30 percent of all federal tax revenue. is that true? >> yeah, i believe with gary v and the problem is that you have common sense. like susan, you want it, in dc. now what we have tried it both wayin ways guys. we cut it and then it doubled and then we raise i had it and the deficit is going to double. you look at president obama's budget and it increases. all of these republicans and none of them are balancing the

budget. they're all the same. no one has any fiscal responsibility. it's not about cutting taxes and raising the taxes. we have to balance and need ray major reform and the fact that we don't have a president that can get along with with the congressman for the last 20 year social securi s is the biggest problem in the country. >> susie, emily was talking about putting it into perspective. we know that wage growth is stuck, and we're seeing people out of the workforce and fewer jobs being created as we go along. >> yeah, there are a lot of different problems and tax cuts are one way, and in the past couple of years there's just been a apologigantic and there' federal agencies and 15 federal departments that watch the free market. some of that has to come apart and come down so that we can get

them going again and have the job growth. we're looking at a long term picture and 50 percent of the people under employed or employed. >> can we afford the tax cuts to john's point? >> well, you can create jobs all way. the government is smart. again at the end of the day, how are you going to pay for the cars? it's the same thing with the tax cuts. there's no plans to cover the cost of the radical tax cuts. they want to sound great. the best that we can get from the point is that no one can get anything and that could have the benefits of the job market. that's f that's feasible. whatever it is, that's going to make it a goal that we're going work for. across the board to every bracket is not going happen. we're learning the deficit. >> gary, let's talk about that

strong economy. how worried are you about this latest job's report? >> well, very worried. the bun thing that i am not worried about is the fed raising the rates. i don't think that they're going raise and the only reason that they would or should raise rates other than some moral and imperative that people think that they just should buckle down and tighten the belt is if we saw inflation and we have not or the economy is over heating. instead, it's going to opposite way and we just saw the reports earlier this week. negative across the board. we lewded to the rate and what is it to a 38 year low? housing is declining and wages is down. this is the economy closer to a recession than over heating. i don't think that the feds are going to do anything. i am worried about the economy. >> emily? >> well, if we want to talk about the long term with any of

these candidates, they're hugely expensive. then you start to wonder where it comes from. does it come from increasing the deficit or does it come from cutting to the serious programs that we have the primary bulk of the spending but is the actual security for the people. people need security and not being concerned of falling off the edge all of the time. they're going to go for cuts to social security and is that where they're going to look or is that a massive deficit increase? >> well, john that's where we have to cut in order to get the budget in balance. >> yeah, we have to. the democrats do not have that and they do not have a realistic plan. the one thing that they're wrong about is that the democrats do. we have a team that's lose asking what do you do? do you keep the code that's

giving this an 0-16 record and just hope that this is going to be our season. we have been 0-16 for eight straight years but going to come around. it's not going happen. none of them talk about balancing the budget and working with the congress. that has not happened in 20 years. none of them have a realistic plan. it does not look dim when you look at the candidates. >> well, john actually played for the nfl so he can talk about teams. susie, what do you say? >> i am afraid when listening that we're talking about pulling the same leverage the deep and deficit and the taxes. looking long term and the big economic trends and automation, we're talking of a huge shift in what kind of jobs exist. the only way out of that is really innovation. we need more ubers and twitters and amazons. we need a bilg kig kind of chan

our mind set and the way that the economy is going. >> that's one important part of job growth but longer term. >> yeah, and it's causing the low unemployment. that does not mean because the companies are you putting people out of work. that does not mean that it's bad. it's good for the economy in the long run, but there's an issue where a lot of people had jobs like the tax dispatchers. there are drivers, but less. i don't know what the government's plan is to deal with the amount of 350e78 that are not going get jobs. it's one of the reasons that the labor force late is so bad. it's not bad policy but there's a good side and bad side to that. >> okay. gary, i want to give you the last word. >> i think that susie made great points but a lot of the innovation in the country is spurred by people quit frankly

wanting to be fill think rich. you become rich when you don't pay a lot of taxes to the government. when there's a 92 percent tax rate, you want to kill if future googles and microsofts of the world. >> great thanks. we just talked about the donald trump, but we're talking to him from the trump towers. hey eric? he is going to replease, sirlea spending cut plan. stick around. >> we can not miss that one. up first hurricane joaquin may cost all of us whether it makes land fall or not. just how much?

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relatives say that chris was in class when he heard the shot and then confronted the gunman and tried to take him down. he was shot seven times and survived and in stable condition. >> keptd him from come nothing and gets shot and looks up to the gunman and says it's my son's birthday today. >> the vital signs are okay. he is going to have to learn to walk again, but he walked away with his life. >> we wish him well. we certainly wish him well with. the gunman killed nine people before being killed in a shoot out with the police. hurricane joaquin may not be a direct hit, but that does not mean that it's not going to

create a big mess. five states braces for severe flooding. susie, what happened to all of those disaster funds to prevent the flooding? >> well, this reminds me of a well to do relative that lives out t at that cannot see like a rich aunt that pays for you to go to college, but she cannot see what you're doing evidence. you could be partying or studying. that's the analogy of the federal government for paying. who is happy that they exist. i have no idea how the money is spent, and neither do you. nobody knows, but the money is out the todoor and there's no accountability to preventilate

later. people want fema to go away completely. we need a federal emergency disaster, but one that has over site. >> you have seen prevention in miami where we note you frequent quiet. you're there quiet frequently. >> well, let me tell you because i cannot make it to the studio because of the floods on the street. the city has taken money and puts hundreds of thousands of dollars into pumps and raises roads so that you can live there when the water comes up from the moon or floods or hurricanes. that makes people want to live there. there's a way to do this and that's the best example in the country. i will say that sandy has improved things. it's better than it was before. the govm doernment does not su subsidi subsidize. if sandy happened, it would be costly than the last time.

>> john? >> cannot make it to the studio in miami unless you're late. >> it's the floods i tell you. >> it would be a drought and you could not make it to the studio on time. i do agree with the private insurance and building the mandates and you see that in the areas with the hurricanes. it makes a big difference. there are certain thing that is the government needs to step in on. look at sandy. there were the alaska fish. you wonder where the money goes, susie is right that no one knows. we're a reactive government. not a proactive government. we can save so much more money through prevention. it's like the drought when it rains, it's over with. nothing is done to fix it. we have to be proactive in the united states. >> the people that live in the flood prone areas pay for the prevention. you don't believe in fema

basically. >> no, i don't. susie mentioned that she thought that fema should exist, and i am one of the people that thinks that she nouthey should not. it's a waste. 29 states fund it for the other 21. if you choose and i live on a canal here. i pay through the nose for flood insurance and extra flood insurance. i am not putting that on the government. like jonas living in miami you're in an area that's prone to hurricanes, floods and tornados. that's your choice. the state is responsible and the individual. not the federal government. the federal government cannot manage anything. to have the blanket out there the governors when too fema was enacted learned to gain the system immediately. that's why the money is so

wasteful. >> emily, weigh in here. >> look all of the things that we're calling for and more prevention in place and more over site, these are the things that you just do not get when you continuously cut and cut way at the government. it's great to have more, but don't you have to fund that? prevention is great. those are things that you have to put in place. the biggest problem when you get into flood and tornado and hurricanes ask that many in the party are so reactive to the idea of weather and the climate change, that they write it into bills. >> no. no. because the stimulus package is supposed to go to infrastructure, and cannot blame this on the party. they spent it on pensions and union jobs and state deficits. cannot blame that.

infrastructure payment is not going to happen. don't start it. >> okay. last word. what do you got? >> hey, brenda first isis and now russia is decrcreating a cr. donald trump does not see it that way. he says let them drop the bombs. we're the ones that save the bucks. we may have dodged a bullet but he is saying no one is safe from the next financial source. what he sees coming and when. >> we will. can't wait. up here first the president says that the debt celling debate could have us seeing this again. fact or fear? the debatd next. ♪jake reese, "day to feel alive"♪

♪jake reese, "day to feel alive"♪ ♪jake reese, "day to feel alive"♪

coming you up. president obama saying that not rising the debit market could send us into a tail spend. wo my name is chris hughes and i am a certified arborist for pg&e. i oversee the patrolling of trees near power lines and roots near pipes and underground infrastructure. at pg&e wherever we work, we work hard to protect the environment. getting the job done safely so we can keep the lights on for everybody. because i live here i have a deeper connection to the community. and i want to see the community grow and thrive. every year we work with cities and schools to plant trees in our communities. the environment is there for my kids and future generations. together, we're building a better california.

to raise it or not to raise it? first the treasury secretary saying that we're going to run out in a month. president obama saying that raise it or we're going pay a price. >> historically we don't mess with it. if it gets messed with with, it's going to have profound things for the economy and put us in the kind of tail spin that we saw back in 2007 and 2008. >> not raising it will return us to 2007? >> no, that's a revision to say that. he was the one that said that raising the debt celling was a failure of leadership and that

america deserves better. i agreed with him then and i do now. it's a failure of leadership as it was then, and america deserves better. we have to raise the debt ce ceiling. it's silly not to do that. you have to tie it in a balance budget that's going to happen five or ten years from now. until you do that, all you're going to do is ray it every few years and it's a failure of leadership. america deserves better. >> the market is in a tail spin but not like in 2007. emily, if we don't raise it what happens? >> we have to be serious about this. we can not put america at risk every time. this is something that they have to take seriously. these debt are in cured. we don't want to mess with with something like this. >> isn't that an easy way out? >> when i hear people say that we're putting the full faith in

whatever of the united states, i want to tear my hair out. first of all we would have enough money if we pass the debt limit to pass it, social security, medicare and medicaid. second of all in 85 we went three and a half months after the debt ceiling was hit before we raised it 95 four and a half months. this has been done before. this is the only way to write the ship. the president would have to proor ti prioritize the bills that he is going pay. that's his responsibility. >> susie? >> we can talk about this from an economic standpoint, but this is the politics. this is them trying to get them to shut down the government. it's about optics and how they look at the shut down and there they are shutting down the government again. this is just a political power play, and we can talk about it

and deal with it when the republicans have it gain and then deal with it in a way. until then, it's just politics. >> okay. you have 20 seconds. >> it's because of too much debt. let's not forget that. i would say that they should not have any detebt ceiling. it's one thing to make it go up. they're fighting over something that's not making an impact on it any way. that's ridiculous. >> okay. thanks guys. thank you susie and emily for joining us. we appreciate it. as it heats up here, sweden is cutting worker's hours to boost morale. what could boost your profits because of it. ♪ runs on optimism. it's what sparks ideas. moves the world forward. invest with those who see the world as unstoppable.

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predictions and gary, what do you have? >> brenda, i am finally loving oil again. up by 30 percent by tend of the

year. >> make money by obama care. >> moving to a six hour work day. it's good for the swedish. >> neil take it away. >> horrible. so russia is in syria and the donald has no problem with it. to hear trump tell it don't be mad, be glad. >> if you look at syria, russia wants to get rid of isis. let them do it. what the held do we care? >> well, give the billionaire this much. if it's isis that the russ canadians are backing. let's just say that some of my colleagues have their doubts. welcome everybody. i am neil and along with adam and charlie. first time in weeks we have got the