>> nurses coming into your home to tell you how to be a better parent . it will cost you over $100 million a year. don't miss this "cashin' in" expose. it is an outrage alert. a huge chunk of stimulus money going for fat raises to union workers. we are following your tax dollars. but you won't like what we are finding out. plus, get ready for what could be the worst bailout ever. now they want you to pay for people who borrowed money from their own 401-k. >> what you talking about? >> what you talking about? >> hold on to your wallet.

we can't make this stuff up. all that and around a half billion dollar private jet. >> eight laughish precise jets. i don't know where to start with this one. >> duh is what you want to say. >> they are on hold but we are still on the case. your money, your life. your show. to stay ahead of the game "cashin' in" starts right now. [captioning made possible by fox news channel] >> big brother or big economics. we are talking about government care at your doorstep tucked away in a house bill a provision to send nurses inside homes. one reason is to encourage parents having more kids. an entrution of privacy or right fix of the economy. our crew is wayne rogers, john

tan hoenig, jonas, with tracy an john layfield. and the founder of pit bull economics. tracy, government nurses entering homes you think this is good? >> i think it is genius. i had an m.b.a. and they handed me this child and i didn't know what the heck to do with it. you need a license to fish but we are giving babies to crack addicts. we are paying for this indirectly that you welfare and you are going to pay for it down the line if they don't know how to caror kids. i wouldn't have minded a few tips before i took this little creature home. >> that is good but john a million dollars this >> wouldn't it be cheap are to neuter poor people and euthanize old people? where does this end. this nanny state is out of control. most of this is not stimulus. it is social net and safety net

spending . this insane. >> jonathan, again the $120 million . we have deficits and spendsing money like drunken sailors. >> it is chilling. that is the problem. once health is public then the public has a very vested interest in your health and it starts with the assistance, then influence and ultimately control. honestly, tracy, government nurses in private homes? that is straight out of communist china. >> do you have any idea what it takes to raise a child? >> government are not parents. >> education -- they are trying to help them. >> why did you have kids if you didn't know how to take care them. >> there are crack addicts having children. very different than someone like me. and crack addicts breed more crack addicts. maybe we can stop that. >> the jury is not out on that yet. >> mike, even the heritage

foundation has said this is too much government. it has no reason going in and telling people000 caror concern and whether to have more. >> there is no question this runs against your cede as a nation. this is move pa termism but i agree with tracy. in this situation, getting a little help, getting a little education for people that otherwise would not have that, what is so bad about that? as far as government being involved in healthcare, we have had that for 70 years with medicare. that has been around. it has been a function and part of our healthcare. >> that has worked well. >> it has worked wl for the people who have not had anything else. >> that is like a one-car parade. it works because they don't have anything else. >> we are not talking about these people being in your homes 24-7 helping you with johnny's

homework. we are talking about a couple of parenting tips and they move on. >> i want to get your opinion on this. waken in particular. this recent poll what americans think about this. 8% of you want more government. wayne, americans are saying leave us alone. >> and the americans are right. i mean this whole idea, when you say you are going to spend $125 million what is this nurse who will be paid by taxpayer dollars going to do? what will she say to this woman who already had a child is, about to have a child, what is she going to do to stop that or prevent that? she won't do anything. this is idiot yk. another idiotic government -- wait a minute. let me finish, please. it is buried in this thing of the this is 1,000 pages, there's not just this one. there's a whole bunch of these. one thing not in the bill is

tort reform. there are $30 billion a year spent on doctors trying to get insurance. the whole bill is a mess and this is one of the prime examples of it. >> we do have a welfare system already in the country. why add more to that when we have fiscal problems? >> so you don't have to add more later because what is the quote from increasing the birthing international between births. if toes kids and we are talking about poor people, are going to be on the government health insurance system which is expanding later the less you have the less it will cost tax parse later of the more to wayne's point, the concept will lower government costs. if you don't want the government sending thugs into your bank or home don't take their money. you don't have to take any of these programs. >> but jonas what is being proposed is government nurses coming into your home -- >> if you take their money. >> on stability?

>> people have been making babies for ever since human beings are around. you are going to have government program to stop that? the only way it works is what the chinese government did that said you are entitled to one child, period and otherwise we will make it like a told taken statement. if that is what you want, fine. >> great opinions. we will have to leave it there. coming,up. fasten your seat belts for this outrage express. a transit union is using your taxpayer stimulus to give its members a pay hike. plus, how the brilliant minds on this show just help saved taxpayers over a half billion bucks. the

>> from america's news headquarters i'm jamie colby. developing right now jim webb's office confirms he's won the release of an american prisoner in myanmar. john yet few was sentenced to seven years for going to the home of an opposition leader. yettaw is to be officially deported sunday. also in california the wildfires continue to burn out of control. they are spreading. strong winds are fueling the flames and there is concern that could spark new fires. the governor will visit the fire zone this afternoon. president obama taking healthcare reform to colorado

today. it will be his third town hall meeting and you can watch it live at 6:25 p.m. eastern on the fox news channel. join me at 1:00 p.m. eastern for "america's news headquarters." back to "cashin' in" right now. cheryl: which did you think the stimulus was meant for, stimulating jobs or stem lating union paychecks? new york's transit union says it is is the latter. it plans to take $360 million in taxpayer money meant for transportation projects and use it for a pay raise. jonathan, you say it is more proof of union waste. >> i don't understand it. wasn't the stimulus as you pointed out supposed to create jobs, stabilize the economy? just like the auto bailout it is becoming a slush fund for unions. our viewers are losing their jobs, their taxes are going to give a pay increase to union guys in the m.t.a.

that is shameful. cheryl: then again, it is going to somebody to spend money. >> what i love about you guys, you just hate it when anybody else gets money except the rich. what do you think a tax cut is? >> the ones who earn it. >> it is an income boost. what is bad about working people getting an income boost? again, you focus all the time on one side of a balance sheet looking at it as if this is some kind of outrageous cost. they won't be leveraged out on debt. they will be able to buy stuff. it is a circular flow. cheryl: hang on because i'm on your side twice now which means it is armageddon. >> that means you have learned something. >> no, medical or something. jonathan, here is the thing,

they put no rules in the stimulus money when they handed it out. much like tarp. it is the government making mistakes. but to mike's point these guys work so hard. and we are talking about cauble of thousand dollars in a raise. they are not going to make millions of dollars. cheryl: jonathan, hold on. one quick fact. 11% pay increase over three careers in the city, 11%, that is a big pay increase. >> first of all, i just got stuck on the b-train so i don't care if it is 2%. but if you work for the government and this is a good social security payout you shouldn't get raises in a deflation. there is no inflation right now in new york city. they don't need an increase this year. maybe two years from now. because there is no inflation. the cost of living is not going up. >> they work hard. they deserve it. >> do you think grandparent

worked hard that got the bonus money? >> incomes have not risen. cheryl: hold on. hold on. let me bring in wayne because is this a right or wrong issue? the head of the union says these are very dangerous jobs, they deserve this money no matter where it comes from even if it is stimulus money? >> this is not a moral question at all. this is an economic question. if in fact the budget contains that pay increase and that is a metropolitan transit authority's budget then it is fine. if it doesn't, then they should not do it. it is as simple as that. if the taxpayers have agreed there is fine, do t. but they are like any other business. in the free economy they should go broke if they can't meet the budget. if they have done something outrageous, given a big pay hike and can't afford it they should not do it. it is very simple. it is not a question of morals, right or wrong, whether you are

against or for unions. has to do with economics, period. >> wayne is right, it is a matter of economics but the problem with the government, this was for stimulus. this is -- we have lost 2.2 million jobs since february . part of the stimulus has done nothing to create jobs. unions are the ones that ruined the auto makers. unions, their burden ruined the airlines. pe almost ruined baseball. they have to cut their expense to stay in business. cheryl: these are guaranteed jobs. >> to wayne's comment that they should go out of business, look, the unions and the m.t.a., the transit system, was part of a public works project. this is not a private sector enterprise. so, from day one it was a public purpose initiative. you can't look at it, wayne -- can you can now. but it started as a public works

project. >> wait, you are saying public projects shouldn't live within the budget? they can exceed it because it is public? the government can print money any time they want. cheryl: mike, last word. >> as you said, the voters decide. the voters decide. as you said. cheryl: we will let the folks at home decide. we will take a quick break. thank, mike. always great to see you. how this show helps save america more than a half billion dollars and tapping your 401-k like a credit card. a smart money plan or a plan to bankrupt america's retirement savings? %%%%%%%%%%%%

cheryl: americans are putting more martha: back in the frn plan but a new plan could create a nate mayor how long folks to tap in retirement accounts just like a credit card. tracy, you hate this >> we will be bailing out the 401-k's next. we have to take care of social security. that is the biggest blow-up that is so underfunded. now you will have to fund 401-k's that will be pulling their moan out because you are allowing them to. we have to save for retirement. we don't need to pull money out of the 401-k. >> we have to force people to do what we want them to do. tracy, a 401-k is -- >> it will be paid for that. you are going to pay for it later on. it is -- it doesn't matter what you think. this is are the government is going and you will pay for their retirement if you allow them to

use their 401-k toss by me dine -- to buy me dinner. >> they end up taking out a loan on a credit card. >> they don't need the money. i need to stop buying i-phones and flat screen tv's. cheryl: you get a 10% penalty on the 401-k and if you get laid off 90 taste you have to pay it back or face more defaults. it is a dangerous came. >> but it is a good game because john tan's point is it is your money and i'm not against tapping it. the krpt system is acceptable which is you pay income tax and penalty. i'm not for removing the penalty but that is your money and it can be a better source of furneds than credit cards or loan sharks or whatever else people get into. it is bad if people spend it on junk but in a recession to access at a low rate can be an acceptable move if you are sensible. >> it is also taxable income and that is a dangerous thing. that is expensive.

>> but the fact is you said if you go to rob your 401-k you will pay a 10% penalty on top of that paying taxes and you have to know that up front. it is just a question of people understanding what the plan is and what its purpose is. if they want to use itor retirement. fine. if they rob it they might as well have a piggy bank and do that. >> it is not going to help. we are going to be bailing these people out two times. once because social security won't be there and then they won't have any savings. >> you are robbing yourself. >> you are robbing yourself. when you pull that out you are getting 50% back of what you put in. >> you are paying for your own which will fund social security later. >> you look at how many we bailed out when they a used their houses as an a.t.m. we are bailing all these people out because at the made bad decisions. it is their money. once they start using the money that is a retirement i believe

it is right we will bail them out because it is the greater good. >> the superior choice to your home because that is a phantom paper asset that can go up and down. this is actual money you put aside. in theory this is a better place to borrow then your home. >> it is not phantom when are kicked out because you can't repay the second mortgage. >> because you borrowed against it and it declined in price. that is difficult in a 401-k. >> once again there's an assumption here that says the government knows better how to take care of your money than you do, which says ok, if you get in trouble we will bail you out. that isn't necessarily true. but if you believe that the government is headed in that direction in all of these programs you are right. cheryl: you could argue what you are paying the interest back tooff if you pay yourself back but a lot of people don't. that is the reality of this. >> i'm sorry, but that is their problem and i'm not responsible for everyone's retirement.

only my own. the author of this study estimated the average household can save $275 taking monday out of their 401-k, their own money as opposed to going to visa or mastercard. to a for a lot of folks that is a lot of money. >> that would increase the savings and take them off the social security doles later but once the money is there the game is the game. >> you increase their money into the 401-k so they have more to withdraw to buy tv's. >> more of their martha: that i had to save. that is what i'm proposing versus credit cards. home equity and loan sharks and whatever else. cheryl: i have to go to jonathan, $275 a month? >> or the course of the career. about 20% of the expense even with the bnlts. live within the means but if you need the money you have already saved it. cheryl: we will leave it there. coming up we don't want to pat

ourselves on the back but we deserve it. how this show helped shame congress into saving taxpayers half a billion bucks.

cheryl: time for what do i need to know for next week. tracy, i remember last week you told me -- >> stupid idea for congress. 550 billion dollars on planes crazyness. $550 million, excuse me.

but the moral is they hurt us, they listen to us. you complained out there. congress backed off. cheryl: wayne, you brought up the aclu. >> well, this all came out of the fact that the white house and obama administration said all of this misinformation about the healthcare bill you could call the white house the and they were going to trace your calls and monitor it. they were going to know who was for and who was against. i said where was the aclu. they heard us and they are coming in and making complaints to the o.m.b. saying this is wrong. this is big brother all over. cheryl: john, wait a minute. you are going -- you were talking about the eagles? what? michael vick, you like this? >> no, i don't because i'm a dallas cowboy fan and they have to play them twice a year. michael vick, i hate what he did but he served his time. 's great player. only 29. this is a great move for the

eagles and for the nfl. cheryl: i'm shocked but i will leave it this. jonas, do i need to know? >> i'm a dog lover. i like things that are easy to do. i drink a lot of wine because it is good for my health. your heart attack chance goes down if you eat chocolate. so i have loaded up on hershey. i'm drunk and loaded on sugar right now. let me have it. cheryl: we do not endorse drinking on this show. jonathan, what do i need to know? >> a now study from a british university says that companies with women on their boards of directors dramatically underperform those which have all male boards. i don't blame the mention. i'm just saying one of my