time to get out of the safe stocks into the the riskier stuff. >> brenda: and i say-- >> i say he's full of hot air. >> brenda: i love baseball. great, the real champs, kneel cavuto is up next, take it away, neil ♪ >> what happens in vegas, sadly, not staying in vegas, especially when it comes to spending america's money. you only have to listen to nevada senator harry reid. >> i've done earmarks all my career and i'm happy i've done earmarks all my career. >> neil: i'm happy i've done earmarks all of my career. i'm neil cavuto and with the g.o.p. presidential candidates working the vegas strip and caucus, congress working

overtime spending your cash. and the deficit, fourth in a row, be greeted with a vote against banning wasteful pork spending. talk about doubling down on a bad hand. ap charles payne, dagen mcdowell, adam lashinsky, and gary. >> he wouldn't have admitted that before the mid term election, right? at least he's honest now, but it's sick, it's crazy. neil, think about this and you create temporary jobs and long-term white elephants because now you have to maintain all of this stuff that you build and the bottom line is, you know, it's in an age where we know we have to tighten the belts and the deficits and the debt is out of this world and it's nuts. but this is a washington d.c. problem and not just a harry reid, democratic thing. everyone in washington-- >> fair and balanced, dagen. >> because it's blueberry, or my personal favorite, swine and animal manure management. that it's right and the left.

>> neil: and this morning about your personal favorite, dagen. >> because i've lived down wind from a hog farm before so that's my personal favorite, but again, it's the issue is, and you hear this, and there are republicans and democrats who are not in favor of earmarks. >> not enough. >> but, it's the lack of transparency, and i tell you, i've said it before, until people make it prohibitively expensive for the congress and lawmakers to spend borrowed money, they're going to keep doing it, particularly when it gets them elected or reelected. >> neil: adam? >> well, i just don't think this is an issue that we need to turn up to 11. i mean, we're flashing the trillion dollar debt, but the earmarks are not a trillion dollar problem. there's far bigger problems, far more important ways to attack the-- >> oh, no, i love you dearly. >> not with ear marks. >> neil: you know that the ear marks are sort of the entree to the bigger spending and get the votes for the bigger

spending and they are he' like, you know, the date drug and they get you to vote on the things that are going to be prohibitively more expensive. >> i think we should treat congress like an adult. i mean, i don't think we want to take away their spending power. to dagen's point. >> oh, yes, they do. i want-- no, no, no. >> i know you do. >> think about what you're saying, adam and raise it with you, gary, my big problem with you, they're not learning through good and bad news alike, they keep doubling down, tripling down, quadrupling down thinking there's no penalty for their actions. >> well, these are not adults, i'm going to have to argue with adam. they can take out a calculator and figure it out. neil, here is the problem, they just don't care. deficits are done on purpose, they're not. they do not happen by accidents. these earmarks are planned beforehand and you know, to me, ear marks are important, they're with 39,000 proposed last year and it's also about the baseline budgeting and you

can raise the budget by a trillion dollars and it never goes down, you can raise it another trillion dollars and never goes down. and one day, the market will speak up, and it's going to be loud and clear and see just like we saw in spain and greece and other places where interest rates start today skyrocket because of higher deficits, we're lucky it hasn't happened here yet. >> charles, we're flashing the latest employment report. here is my worry, that we're going to use that good news on jobs as a reason to justify, still more spending, thinking that there's a kid pro quo to this. >> immediately afterwards, the president talked about doubling down on green energy, as he took his victory lap and of course, extending the payroll tax cuts so that we could keep the momentum going and that extra 20 bucks, it's certainly the key. >> well, see, he drives it deeper in debt. more of a cavalier attitude. >> we can't deal with it, too bad. adam to your point, if we can't deal with the tiny problem. how can we ever deal with the bigger problem? >> well, we need to, we need to deal with the bigger

problem and the long-term approach to deficit reduction, but all of this pales in conspire comparison to adding more jobsen having growth in the economy. now, i know, it really pains you charles, but there has been, i think it's five months of continuous growth. >> every second. >> in employment and this is-- >> now what pains me, what mains me, the media has thrown out the confetti when 1.2 million people quit. they said i don't believe in america anymore, there's two sides to this story, believe me, i'm happy that the okay is okay, that we didn't fall into the ocean, but let's not paint this the wrong way. >> i would love to see that list of 1.2 million people. i think somebody's playing with those numbers. the unemployment, it's good that we're creating jobs, but still not even close to-- >> and back to the-- >> i just want to get back to this. >> that's the democrat's argument for spending more money. >> neil: here is what i'm saying and i respect adam and love his apple book and all that. here is where he's clueless, i think that everyone

underestimates the ear mark thing. it's the bio to get a congressman against a bigger omnibus spending bill, we will pea build a bridge in your district, put in a water park in an area surrounded by water parks, in your district if you vote for this. that's why i think you've got to get to that, so you can cut what leads to the other stuff. >> it is part of the larger problem. it is symbolic of the larger problem. it's the person who has the bog of lollipops in my desk drawer and say i only eat lollipops and scarfing down rees peanut butter cups and m & m's. >> neil: why are you looking at me? >> adam do you know about the lollipops. >> let me finish my thought, gary quickly. it's the earmarks, but we're going to spend stupid money no matter what, like shrimp on a treadmill. that's what it's going to come down to. >> neil: by the way, you have

celery in your desk drawer and carrots and judging me with the lollipops, i digress, adam. >> and we, it's our job to criticize shrimp on a treadmill, but it's congress's job to represent us. >> neil: it's congress's job not to put the shrimp on the treadmill. >> would i rather we have a legislature that has the ability to do this sort of thing, representing their constituents and criticizing them for it rather than let-- >> the shrimp or-- >> the shrimp or the congress, go ahead, gary. >> look, they represent themselves. there's absolutely no accountability. >> i disagree, that's not fair, not fair. but for them, earmarks are votes. >> just attack without any substance behind it. >> money and spending is both, it's it's to get up on tv and say look what i did for the community, well and good and-- >> you wouldn't want to criticize anyone for getting up on the tv here. >> i'm the not running for office. i'm not spending taxpayer money. >> we're running out of time.

>> neil: and those people who get on tv, you know-- (laughter) >> we're not politicians. move the prompter up a little. lots of folks, lots of folks, term limits for congress, but what about term limits for us, in the private sector? i kid you not. it's actually happened. the gang from forbes will tell you where. someone there says it's actually a great idea for the entire job market, that's coming up at the top of the hour. up next, mitt romney taking heat for sounding heartless about the poor, but is the real story how poorly washington has been spending on the poor and seeing squat for it. they offer me one-on-one guidance to help me choose my investments. not just with my savings plan here at work. they help me with all of my financial goals. looking good, irene. thanks to fidelity, i can stay on topof my fi? good one. why, thank you. whether it's saving for retirement,

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. >> neil: hi, we're live in america's news headquarters. i'm jamie colby. and registered republicans are headed to the caucus in nevada. mitt romney for a lead in the vote.

he won these caucus ins 2000 #. the battle for second may be the one to watch. newt gingrich and ron paul expected to be in a tight race for number two there, all of your election news right here on fox. and president obama today is blasting syrian's president as the u.n. gathers for a critical meeting and the security council is considering a draft resolution, calling for the president to resign. amid new reports from activists in syria of a massacre in the city of homes. reportedly more than 200 people killed, and president obama accusing assad of quote, disdain for human life and dignity. more headlines, 30 minutes away. i'm jamie colby. >> my focus, my concern, and >> that was mitt trying to explain it, it being a comment he later admitted came out the

wrong way, giving a chance for his critics to score political points. claiming he isn't that concerned about poor americans. charles, you say the real point here should be how much the government and we as taxpayers, have spent to alleviate that poor americans and-- >> to supposedly alleviate the very poor. and mitt was right. the very poor in this country do have a lot of programs, a lot of benefits, people aren't dying in america. you know, in fact, the very poor suffer from gout. in the 1920's and 30's that was called the rich man's disease. the thing, the very poor have entered into a deal where they said if i can go to my mailbox twice a month and get paid the sament amount i would get paid at a low paying job i'm not going to take it. in return you can have my vote, but give me some political cover. here this this country, think about it. we don't criticize the people that suck up the lions share of government service, government aid, police department service, fire department services, we're crucifying the people that pay

the lion's share of taxes and worked out great from that particular point, but the problem, we have generational poverty in this country shouldn't exist. >> neil: dagen. >> i think there's so much focus on those in the middle class, and half of this country pays no federal income taxes net and those people are not paying for our defense. and that raises a very, very tough issues about spreading it out and broadening the base, as they say and that's something that politicians don't want to talk about. if you talk about lower, lower income americans, and the poor, in this country. and that should be the focus. unfortunately, you have to talk about the middle. the broad undefined middle class and in order to get elected in this country. >> neil: gary, maybe you and i are enough to remember though we were little tots at the time the war on poverty, right. and lbj to his credit, he wanted to carry on the jfk dream to address the ill and

lower rungs of our society and a great war on poverty. trillions spent to alleviate the program. as a percentage, a higher percentage today than when lbj start that had, was 40 years ago. so, what have we got to show for it? >> well, look, i think that mitt romney should say, i'm worried about the poor because whatever safety net we have provided, just has not worked and as you said, look at this, look at the evidence. the food stamp numbers are abominab abominable, the amount of kids in gangs, i was reading a study the other day that california pays 47,000 miles a year for each prisoner, but just to get a kid into one of the boys and girls clubs that serves kids to make sure they're not in gangs, would cost $1,000, whatever the government is doing has been wrong, and unfortunately they just don't want it change the safety net has to be fixed and can't just be a check, it has to lift people up into education, and jobs and whatever the government is doing, it just ain't happening. >> adam, i think this becomes

a third rail to talk about, either the right or the left. because we want to help those who are disadvantaged and those who need help and there are, to dagen's earlier point, within those half of americans who don't pay any income tax, even allowing for those who pay, medicare and social security, and there's a set percentage, can't and stunt, and genuinely poor, half, i don't know. but, my point is this, we've got to redirect the resources for better ways, because all of this stance on war on poverty, we're losing. >> well, and i think that mitt romney at this point doesn't need to worry about getting any votes from the poor, because he's not going to be get any. and you know. >> think about that, think about why that's had a shame. why that's a shame, what he's saying he's not getting any because he's critical of the programs that he realizes aren't helping them. >> think about what you're saying. >> well, and i disagree, neil, i didn't think what he said was so outrageous, but it's a question of emphasis. i mean, he effectively said

he's working out okay for them and i don't have any better ideas and my focus-- on the middle class. >> you could maybe pave the better way and some say there's a fallback for them and there's no such fallback from middle class americans. >> and do i think, neil, i think that this is analogous to the conversation that we've been having for a few years now about tarp. i think there's all sorts of problems with the safety net, but you can't prove because there are so many problems with it it hasn't helped people and the poor children and-- >> now you've got-- okay, because we keep using-- >> 46 million and food stamps. >> we keep using the term safety net and talking about the very poor. they're already at the bottom, guys, we're not talking about, nothing, adam, in the programs that helps people to go after greatness, no obligation to get a better education, no obligation to get in the jobs market. understand what i'm saying,

it's a shame when one person is born in this country on welfare and their kids are on welfare and their kids are on welfare and their kids are on welfare, that's a fact. they're not doing it right. >> i don't disagree, but children could hungry. >> forget about that part of it i'm talking about the part how do we get people out of this. and by the way, president obama never talks about the very poor because i think he feels the same way that mitt romney does, they all talk about the middle class. the very poor, how-- >> they're running for office. >> it raises a bigger issue of the safety net too big for older americans, something that politicians will not talk about. >> by the way, charles payne is in a position to talk better about this than any of us, he lived in harlem. brought up, and came out of there and lived to tell about it. >> yep. >> scary stuff. >> i'm still trying to get out of it. you know. >> neil: like you saw this-- >> i saw. >> neil: that was your point. >> i saw two americas, neil, where one woman went to work and got minimum wage and came

home and fed her kids, got them off to school and neighbor didn't work and guess what, their kids had the same thing, lived in the same building, guess who didn't after a while guess who said it's stupid to go to work? the system is designed to suck you in, to get you out of the idea that capitalism works that it's okay to try to fight and get out of it. that's how it's designed. >> neil: good stuff. that's why i don't argue with charles, he has the facts on his side and the other, he can beat me up. and on friday's jobs report ticked us off to the economy. and facebook gave us 100 million reasons for us to be optimistic. [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor,

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>> the facebook set to bring in a lot of dough and the social networking giant filing paper work looking to raise up to 5 billion dollars. that would bring the company to 100 billion. some argue with that, and facebook trends and going still, the number of companies surging in the past couple of years and gary, you think this is a good sign for the economy? >> sure, neil, when companies come public and getting capital, growing their business and home depot came public and started with one store, and created hundreds of thousands of jobs, and just recently, with facebook, you've had zynga and a few others and increases confidence and every big winner over the last 30 years in the market started as an ipo and created wealth left and right to jobs and investors making tons of money

and only good news. >> adam, now the geeky crowd better than i ever will and written a fantastic book as a result. i'm curious, do they debut. when google became public, that wasn't ideal. microsoft not a great environment. does it make a difference? or is it the compelling product or the underlying business that makes a difference? >> it's the latter. and these microsoft and oracle and sun came public in a horrible environment. these companies are the exception, neil. it moves, however, that sarbanes oxley didn't kill the ipo market if they want to go public. >> neil: touche' to you. that's what makes adam-- >> and ideals of history makes a point. this is good news and i want to see 5 million dollar ipo's, we don't get those anymore, sarbanes oxley, and did kill it and that's why a lot of companies are going public in

hong kong and-- >> and adam included the winds at their back. >> at whose back? >> i don't know. (laughter) >> the things, things are picking up. >> they are picking up, but there could be so many ipo's fyou want to raise 5 million dollars right now in an ipo you can't. we've killed that. >> just asked me for a loan. >> this is the future of the company. the value and our wealth is in ideas, intellectual property. we need to not be so hung up about the manufacturing jobs that have gone elsewhere not coming back. and this is our future and our wealth. >> neil: so, all the factories have left and you're okay with it. >> not auto jobs, we do good jobs at making cars. >> neil: and dagen, she is he' leaving now. (laughter) >> and facebook, our gang has the red-hot stocks that you can friend right now. know, ty. i am so glad to get rid of it. just to be able to wake up in the morning on your own.

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red-hot stockings. >> i like this company. risk award. >> what do you think of that pick, adam? >> it is a fantastic pick. it is electric risk with trafficking. >> what do you like? >> garman. navigation mapping company. it is reasonably priced and doing a hot field. >> they have multiple voices to pick. you have female and male voices. >> you are going the wrong way. gary, what do you make of that. >> admittedly a strong spot . there is no sales growth. and you need sales growth to grow. >> what are you doing? >> interactive corp. >> it is monstrous earnings and they dominant their field and it has gone higher over the next year. >> i l