>> you like? >> i would rather go to a this one. >> my feeling is you are risk your life on obama, $40 million. >> keep it right here. cashing in is next.

health care dollars could be headed straight to the labor union, hidden inside a house bill is a provision to give heath care perks with mostly retired union members. deserving? or are they looking for another handout at taxpayers' expense.

welcome to cashin in. >> and here is our crew, wayne rogers and tracy burns and ready to be a good sport and mark brenham. okay jonathan h, is in the bill, unions deserve these proposed perks? >> absolutely not. this is another subsidy for unions. like cash for clunkers, like the auto bailouts. everyone is hurt and principle is equal treatment under the law. union workers deserve no more rights, no more privileges than freelancers and small businesses and sole propriety orships. >> is this a stopgap measure for those who can't get medicare yet but is it fair. jonathan says a lot of people can't afford their health care benefits? >> absolutely. but how did we get here, they

all sqak about about ceo pay. these workers worked 30 years on the assembly line. they hung telephone wires. they have contracts, too. you want to take them. >> but mark, not with the american people, contracts with employers. >> they are on the hook for that. >>. >> know, i think the problem is this is in the government's bill so the government gig more money to this and they have given a load of money to auto industries to keep them going. cash for clunks sears small piece of what we've done for these companies thus far. so to redeem the money is to keep the health benefits going. to add more to it, it's awful news for the rest of us that is working very hard. >> you hear jonathan saying this is part of a stealth auto bailout that is much bigger than the price tag we thought we had

to pay as trpsz? >> jonathan seeing a monster behind every pole. you know. there is a gorilla hiding in his closet for god's sake. the union best plans has been some of the best in the united states. it hasn't cost the taxpayers a nickel. they are very efficient and much better than the government is at it. if the government gave the unions some money and unions are the people who are going to administer it, better than the federal government. buried in this plan, by the way, are some awful things that are much worse than this. you have to tax the whole bill. >> come on, big problems here are the fact that we're not reining in the cost of purchasing drugs, $350 billion. some people are getting too much health care. whole idea health care, congress saying health care, carbon groups to get more health groups. what about elderly people union

workers that is when the costs are out of control. the only way they are going to make it affordable 'that gets too much is for them to get less >> wayne's point this is the problem there is so much stuff that is snuck into the bill that nobody knows about. there are all these caveats all over the place and that is where we get screwed at the end of the day. >> that is going to be with any bill. that is going to with be any bill. >> that is the root of the problem here. >> jonathan, his point is union benefits haven't cost anyone anything but if these union benefits, companies goes bankrupt, then everybody is paying for it. >> i've got nothing against ron but i don't want to pay for his

colon os co-pi and for the taxpayer to get involved and to subsidize these union deals, i think its slap in the face to everyone else. >> go ahead, wayne? >> the government is subsidizing everybody. it's not just unions. this is not and anti-or pro union bill. this is a bill if you look at all the stuff that in there. for example, there has been a study done about cancer. they want to do things in there that have failed in england, failed in canada, it's outrageous. you have to go out and pick everything out of bill. don't pick out one thing. the unions have done a very good job and much better at it than the federal government. >> the one thing that could have

actually gotten everyone covered is a single payer health care system. we're down to throwing scraps. if we were in any other country we could cover everyone. the union's point if you are going take that off the table, make sure you don't kick us while we are going. 350,000 people in the uaw that are not at retirement, cover their health care costs. >> is lot less powerful. thanks everybody. >> coming up next, the same lawmakers bashing bonuses on wall street. they are handing out perks and giving tax dollars to folks that caused the big housing mess in the first place.se developing s.

now returning to cash go in. >> terry: lawmakers were bashing lawmakers for giving out the hefty bonuses. members of the house are giving bonuses to their own staffers. >> yeah, in the midst of them giving out these bonuses they are bashing wall street for doing the same. it's spotted for another day but what they are doing and faces they are showing to the american people is garbage, they are saying, do as i say, not as i

do. we all have to cut back and take our own lickings and cut down our budgets but they can move forward. i think it's wrong. it's pad pr. >> terry: a lot is forgiveness of student loans which is nice perk? >> it's not deductible unlike mortgage payments but that is another story. bottom line this is little low on hypocrisy. >> it adds to it. >> the government telling people paying bonus west side their own money. its multimillion dollar bonuses and paying off student loans to high level staffers, they didn't get a bailout out to staffers, they didn't take that. >> it's six figures. >> with taxpayer money.

>> look, it's not the executives with the jet thing. $51 million on the table here. they spent more than $51 million of our taxpayer dollars given out to $18 billion, these are education forgiverness of student loans. it's not the kind what we were talking about taking $700 billion in taxpayer dollars and paying yourself $18 billion. it's a totally different league. >> it goes to the same principle. you are giving money out willy-nilly, it's our taxpayer money. nobody knows what is going on. it's not public. we're sneaking this money. why are you sneaking it through? >> they have increased the limits but we live in inflation. >> terry: what i want to know, congress people are saying they can't keep these staffers with the six figure salaries without giving these perks.

i thought these government jobs, they were going to see growth in the economy. >> the congress is going to do whatever they want to do. they don't believe that anybody lives on the other side of the beltway. there is between the hollywood freeway and the potomac river, they are only interested into in themselves and they are going to vote for it anyway. so it doesn't matter. they are not going to debate about it. they are going to give it out whenever they want to. >> at a time when n which the private sector is slashing jobs. government is really a growth industry. who are these bonuses going to, not firemen, not policemen, not judges, staffers. they are going to cost us more in the long run anyway.

>> but they have the nerve to say we need this to retain people. isn't that what wall street said. >> at $150,000 a year. >> when wall street came up, it's equally lame. >> down by the potomac saying that. >> you don't think these guys deserve this for writing these thousand page bills. >> just as much on the wall street deserve theirs. >> i was going to say, look, the point is there are very things. draw people into public service, i'm all for that. and firemen, emts and nurses. >> maybe you'll forgive me for my loans. >> cost of education is going up ten fold. >> forgive me, there is no problem getting people to work for the government. so many people now are working

for uncle sam. >> looking pretty good. the day the government starts telling private industry who has not gotten huge bailouts is the day this will be out us on in my opinion. until it does. this is pretty low level. >> you could think about it this way. one-third at least, one-half of the year, you are working for the federal government. that means you don't make any money until you've paid off your taxes. those taxes eat up about a third to half of your income every year. unless we get to the streets and do something about it, five million people in the washington bowl to raise hell with the government you're going to see it continue. >> terry: that might be the trick. thanks for joining it's today. coming up next, white house giving subprime lenders billions to help out

there was a time i wouldn't step out of the house without my makeup. now, it's no problem. (announcer) neutrogena tone correcting night serum with high performance soy to even skin tone and active retinol to speed cell turn over. clinically shown to visibly fade brown spots in 14 nights. i even out my skin at night so it looks younger, flawless in the morning. (announcer) neutrogena tone correcting now you can fade and prevent discolorations all day. new tone correcting spf 30.

>> terry: repeat ago bad mistake a government planning on forking over billions of dollars to subprime lenders. idea is to help prevent more foreclosures but wayne you say this is what crippled the housing market in the first place. you are a real estate expert, why are we doing this? >> it's one of dumbest ideas i've heard of. here is the government rewarding the criminals that bumped the law in the first place. they are passing out money to big banks. all the people who were earning

outrageous commissions not even signing and doing their homework or getting the right paperwork from the people turning around and rewarding them. dumb, bad. >> terry: stupid idea, jonas? >> it's throwing good money after bad. they are pushing up the housing bubble the only way to come off of it it's crazy but in a free market if you are underwater like so many homes are, you are not going to make payments and lender is going to foreclose on it driving all home prices down. let's not forget the government ensures trillions. they will lose more in a cast indicated of foreclosures. >> let it happen. it's happening anyway now. it's a slow painful bleed. let's get it over. let it happen. >> let them go.

>> people realize how far home prices to fall. >> nobody is doing anything right now but then we'll have activity again. >> its free economy, notices at free economy if you are going to cough up something every time there is a mistake. the economy has to set selt down. you don't go around rewarding the people who caused this, do you? this is absolutely stupidity. >> when all these efforts to prevent foreclosure they are violation of the rights of the individuals who live within their means. who bought a home they can afford and trying to prevent foreclosures whether it's help for homeowners and all these negotiations, guess what, they have all failed. people redefault on their mortgages and rates are dismal. >> terry: they're backing

foreclosure majority of the homes they get the government and they are right back where they started from and it's not working. >> worst part they are rewarding the big banks, the major center banks who was cause of this. they were too big to fail. if it was the little banks that would be okay. they are rewarding citigroup and merrill lynch who caused this thing. >> i would love it if the banks would get punched including people... but i can't think of a scenario where they would fall another 50%. >> people that make their mortgage payments. >> and ultimately the government look at all the banks have had to pay out of the fdic. they are almost out of money. if homes fell 50% more because we all stood back and watched.

>> fdic is bailing out those member banks who are members of fdic. one big bank, citigroup, aig cost more than all the banks in the united states. >> between the two of them. >> i think my concern with all of those.... >> it's not, but the tip of the bubble went away. we coughed up, elevated level. they could fall another 40-50%. >> that is what needs to happen. no one likes to see people thrown out of their homes but that foreclosure profit, mortgage is between a borrower and a lender. >> it will be quicker. >> if you want to drag it out five to ten years. >> it hasn't hit the commercial real estate market. what is it going to happen next.

we keep pouring money out there. it's got to stop. let the market fall is it's going to. >> terry: surprise, surprise the same banks is the ones with the commercial banks, as well. and more government control, we're going to expose another hidden gem in the bill. hidden gem in the bill. how one plan could affect youec ♪ bicycle, what are we waiting for? the flowers are blooming. the air is sweet. and zyrtec® starts... relieving my allergies... 2 hours faster than claritin®. my worst symptoms feel better, indoors and outdoors. with zyrtec®, the fastest... 24-hour allergy medicine, i promise not to wait as long to go for our ride. zyrtec® works fast, so i can love the air™.

>> terry: wayne, you are first up this week.

what do we need to no? >> another intrusion, they are going to make menus in restaurant, of what you eat. you won't have a choice. it's going to say hey you are going to be fat if you eat this stuff. i say buy whole foods which is a healthy food stock. i don't own it but i wish i did. >> terry: j.c., what do we knee to know? >> i hate seeing calorie counts. they are talking about saying we don't have cost of living increases and we don't have to give 50 million that use social security. i think it's awful because this generation was unaware of social security was going to end up the biggest ponzi scheme ever. it's going to be the next line, give them their cost of living increase and figure out, you got to. they came in unknowingly. these people need it right now and we need to fix the system or

abolish it. >> terry: jonas, what do we need to know. >> government always does crazy stuff. organs out of the prison population where they execute people, they execute more people than any other country. they are going to get a donation scheme but the chinese is going to have a thing where you buy and sell organs. this is good for dickinson, a global medical company, it's big in china, more surgeries means more surgical instruments. >> terry: do you own it? >> i used a long time ago. >> terry, i keep a close eye on the currency market. it's now cheaper to borrow in dollars than it is in yen for the first time in 16 years. last time it happened, yen

soared. takes a look at fxy, and if you are looking to diversify out of dollar, this is a good pick. >> terry: it is risky. that is going to do it for us. thanks for j gretchen: we hope you are having a great monday so far. already august 31, 2009. former vice president dick cheney opens fire on the president and his administration for deciding to investigate the cia. >> we had a track record now of eight years of defending the nation against any further mass casualty attacks from al qaeda. the approach of the obama administration should to be come to those people who were involved in that policy and say how did you do it? gretchen: plus, new info shows those interrogation techniques may have prevented a second