>> forbes on fox is next. thank you. white house in damage control over worries of middle-class taxes are heading higher to pay for a health care plan. >> the president has made a very clear commitment to not raise taxes on middle-class families. >> nobody is talking about raising taxes. >> the clear commitment is not to raise taxes on less than $250,000 a year. >> that doesn't matter and folks at forbes say it still koernt won't cover the price tag. welcome to forbes on fox. let's get the flip side from elizabeth mcdonald along with clernton and john, even if they raise taxes it won't be enough you're saying? >> all these guys, they are

liars. the middle-class taxes are going up. top class taxes are going up. lower class taxes are going up and it still won't be enough for the trillion dollars. stand by for inflation, for interest rates going up. stand by for standing in line for the health care. >> if it does even come in the trillion dollar prices, but quinn ton, what do you say? >> i think its set up. they are saying the taxes won't go up. see if you are you can get efficiency here. in a people are saying government shurnts be involved in health care. what is it john, irrational or cynicism? it's true per capita we pay more than anyone in the year for health care. >> why you saying that.

>> trillion with a "t". >> we're going to deal with equality. but first, the question is taxes will an increase in middle-class taxes be enough to pay for the health care plan. >> absolutely not. first of all the interested on the debt alone is $170 billion, enough for 13 government agencies. i like the comparisons to france plans. that plan has been deep in the red since 1989 and they can't get a grip on their ballooning costs and running 11% grosses national product. >> bill, it was the water street jumper had a lead pieces like the french is trying to be more like us. >> we're going to get a tax increase. >> will it be enough to pay for health care? >> yes, but the value added tax, national sales tax at 8%,

hundreds of bill yorngs of dollars a year. >> that is one reason why everything in london, england costs twice as much as it ghoz manhattan. are we headed in that direction? >> the tax proposals, if you tax the employer plans and you get rid of the hsas you still have to get to the 1.2 trillion that they estimated it's going to cost. you are going to have low quality care and healthcare costs are going up. john, let's talk about that for a second. national sales tax that won't replace the irs, wouldn't that be enough to pay for this thing? >> they could collect all the money they want out of the sales tax. sales tax falls on the lowest income people. they are talking about

protecting. which side of the mouth are they talking out of? >> quintin you stand up for the poor and wouldn't it fall on them? >> david, did we come on later today so we could make up extra stuff? david, i don't understand there should be a vac. >> i heard people suggested it. let me go to you. they don't want to antecedent answers the question. would a value added tax. >> the ashes is no. i think quintin's head is exploding. it would be enough. we're not making stuff up here. it doesn't take into account the behavioral tax and let. >> let other people talk.

>> you are just trying to scare people, david. >> it's been suggested that a value added tax would be introduced. >> they would love to soak the entire wealth of the upper income spectrum. >> i would like that say one thing, we have low quality care because we do more recording of prenatal care and death and i mortality. other countries do not reported those figures and life expectancy rates so it shows that we rate higher. >> and we have a brain tumor, but not what a hypothetical tax, a cigarette tax, obama has already enacted. >> the point is there is a lot of suggestions how to raise taxes. what do you think is going to be

put in places if we have national health care? >> the fact is the budget deficit that has been announced and measured by the government. that is going to require taxes on income, dividends, capital gains, on the death taxes going up and some other sources of revenue to close that $10 billion cap. every tax elevated going up. >> i'm not going ask quentin a question. >> i answered your question, david. would a value added tax be enough? since there won't be one, maybe it would be enough. we had have your guarantees there will be one, david? >> thank you quentin. >> the point is we don't know

what eventually will be put in place to pay for this so something has to be put in there right? >> i think there is a heck of a lot of tin efficiency health insurance dominated system that doesn't tax business benefits. if we actually regulate con assumptions in some form.... >> even she says it's going to cost. even proponents say it's going to costs a lot of money. taxes have to be raised somewhere. >> you know they dropped this argument and the arguments that healthcare costs can pay health care reform is a misnomer, how can you rein in the 800,000 doctors to cut costs in 5700 hospitals? the issue here is that china and central banks around the world, whoa, we don't want to buy the

u.s. treasuries arise. >> that is a good yes que there. folks on a full-blown revolution. they were ticked off because government services have been cut whef everywhere and now they are talking about bringing in the national guard. blame it on the stimulus plan. getwó

i'm gregg jarrett, right now, back to forbes on fox.

this proves the stimulus package isn't working. >> jefferson county may have problems that no stimulus may solve. the stimulus is built on the thesis that you can create wealth by taking $787 billion out of people's pocketbooks and gifh it back to them but only to spend on politician causes. does that work? do you think that creates wealth? maybe not. look for example the cash for clunkers extension. this is a scheme to create wealth by smashing things. [ laughter ] >> does it work? let's gets a few facts up here.

jefferson county spent money off the taxes that were illegal. the bond issues was downgraded and in a cash crisis. now, the republican governor and the blue dog democrats are scrambling to raise taxes for to pay for it. nothing has to do with stimulus. >> so it's totally unrelated to the stimulus. >> i agree with concern tin. spending money on sewer and bond thing that they can't afford. the numbers are slightly better now, 9.4% it's still not good. >> they are getting a fraction of what they are supposed to get. going under now prove the stimulus doesn't work? >> i tend to agree with quentin. we got it mixed up.

reagan supply side of economics, obama has tax cuts in the stimulus plan and 40% are tax cuts. will that work? i don't know. that the issue that needs to be talked about with the stimulus plan. in other words, we do a marginal tax cut or something else. >> everybody is for these marge al tax cuts. but what about jefferson county? >> i think people should pay attentions to this. always here we come. ten trillion dollars worth of treasury securities waiting to be sold in the next decade. governments all around the world are throwing up on the u.s. securities, the dollar is falling, this is an elephant in the bathtub. no stated or local authority is going to be able to seal piece of paper if the treasury is out there hogging all the credited markets.

>> without all those visuals, is the move that jefferson county.... >> as a cautionary tale for fiscal discipline. the problem is they really have too much debt. they have 4 million dollars in sewer debt and you can't expect the stimulus package to solve all the problems. >> it eventually all comes from the same potted. taxpayers all over the place are strapped. >> john is on to something here. if you are drowning in debt, the only way to do it is with inflation. >> that the only way to do it is to print more and more money. when is that a possibility? >> everything is possible, david. any's job numbers showed the recession easing out. job losses, six months before,

they are about the same but the stimulus spending seems to be the spotted right now because of the credit crunch. the fact of the matter whatever recovery you are zbg from stimulus. it's only hundred billion of the $700 billion. cash for clunkers, it was going too fast. >> the matter is we see it too much on the show and it's just opinions. but the stimulus money hasn't made its way through the economy and say any part of the job growth that we saw in yesterday's numbers are having an effect from the stimulus plans. they are talking again by stimulus 2.officer, 4.0, why are we talking about it? >> we may have stimulus three, four or five, i lost track. >> god help us. the reason the economy is

starting to heal is because the capital markets are coming back together and you can borrow money again. federal reserves increased 900%, that is enough to raise the price level by 900%. too much stlugs, too much money growth. >> inflation coming. thank you, gang. how much does it dos raise a child these days? we're going to give the just released jaw-dropping figure and the stocks to help you foot the bill f. you got it, do not flaunt it. that is what the king of wall street the great taste of splenda® no calorie sweetener

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goldman sachs reportedly telling workers to make big flashy purchases right now but you couldn't disagree more. >> gold animal sacks to undue their image as the robber baron of wall street. my message is goldman bankers they have their machine. at the want the mercedes and the houses, you might, as well. anything else is just as valuable. >> right message or wrong message? >> right message for the goldman

folks. his people to cancel his $3 million birthday parties and don't be ordering any $35,000 shower curtains. congress is going to be right back to taxes their 90% taxes on their bonuses. >> this the right message for america? >> right message for ten million dollar people, wrong message for america, if you want to spend your money, go out and buy something you need. i have a 15 grrbld cd should i upgrade.... >> wait for cash for klujers for tv. that is surely coming. >> this invite message but he is not sending a message to america, she sending a message to employees. there is a lynch mob out there. don't get hung while you are doing work. goldman sachs is the greatest company in the capital market.

if you wanted to share in their success, buy the stock. >> the stock has been on a tear recently but quentin, right or wrong message? >> look, goldman sachs was owed $6.35 billion by aig and they got it because gostz rescued aig. then they did an accounting move and hide all their losses in a previous year. now, they can't even say thank you by giving a little more money to americans hard working ferari dealers, you call that gratitude? >> at least they can do if they are making all this money, they could spend a little and share it with us. the bottom line, this is pr? they are afraid of the taxman. >> unfortunately in a heavily regulated society wall street

servicing pr. >> one thing we should mention they do gifz away a lot of the money they receive. i know we would like to think of them as robber barons but there a lot of charity they use with the bonuses. >> of course. and they are concerned about the goldman sachs banks. we need to get people spending again. >> this is not about pr, it's about gm, government management. they are trying to get their hand out of pocket and their employees out of the newspapers. i think it's fine for them to say this but goldman sachs is now back in business again. this money is making huge amounts of money. as an investor you need to be on board. >> does it bother you because they have been getting so much money from taxpayers. goldman sachs is making a lot of money since all of us have been wearing short pants.

this is a great company. they are not just successful because of the government bailout. >> quentin, is goldman sanctions the company to follow now? >> both things are true. they gained a system and played the system and made money off the system. the fact of the matter is, if it hadn't been for the government they wouldn't have the bonuses. >> they gave them money back and let the good times roll. >> lasts and first word from evelyn, snitching on americans. a new white house tactic that has more americans speaking up. but first, how much do you think your little one, cute and your little one, cute and adorable, uncle sam reveals he ran off with his secretary! she's 23 years old! - oh, come on. - enough! you get half and you get half. ( chirp ) team three, boathouse?

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here it is. new price too long raise a kid, nearly $300,000 and we're not including college. what stocks could cover such bills? john you are taking us to china. >> it's fxi, banks and telecom companies, it's 19% it.

if you got 20 years buy it. >> i believe in john's thesis about china but i think the index is too broad. >> so you are going to focus one on china. >> china mobile and they have 70 of the weishlsz market. they are growing and they with the growing middle-class. >> great stock in a bubbly market. it's going to implode. so i would hold off for a year. >> you wanted to stay at home and go to a discount grossesers. i'm going recommend a stock, super value, its midwestern wholesaler of grosses arises it has retail stores. >> i just don't do retail. >> wal-mart is going to take over some of the market