around. they have been losing customers. >> that's it for forbes on fox. stick around for eric boling's debut on cashin' in. >> man, it is cold out here. cold enough to freeze a new york city fountain . why would lawmakers want to spend 14 trillion of your money on global warming . it is time to put that argument on ice. how hot is that super bowl ad. hot enough to heat up the internet . two golf greats, driving a message to tax happy lawmakers. see if their message is heard. cashin in kicks off right now. good morning, i am eric bowl glad you are joining us.

mr. wayne rogers and johnathon honic and tracey burns and sandra smith and dennis. welcome everyone. forget the pay roll tax hike and fiscal cliff deal. senator chuck schumer making no secret tax hikes are coming. tracey much like phil mickleson enough is enough. >> eric enough is enough. i barely saw my paycheck. i am glad phil mickleson spoke out. he can leave and go to another one of his homes if the estate taxes are too high. >> i can't. unless we move the new york study is itio. i got to live near my job. i don't have that luxury. >> johnathon aren't we taxed enough already. >> we are indeed . states like new york and eric you are talking about 60 percent of your earnings.

no wonder they are leaving in droves. high taxes, taxings are forced. high taxes prompt an exodus whether tiger woods or going back to the uk in the 70s, the rolling stonings. if you work and don't get to keep the product of your labor. you are a slave. california is more than 60 percent of the way there. >> wayne, you are in california. when are lawmakers going to get the message enough is enough? >> it is not a question of them getting the message. it is a question of spending. you have to cut spending in order to do this. you can't just meet this with taxes. california has a bigger problem because it is so flush so long and done so well for so long and five cities that are filing for bankruptcy and worry about the bonds there and all kinds of thingings. but this is a tax, the state

income tax like the federal income tax is a tax on production and productivity. for example the state of nebraska, governor hideleman is substituting his sales tax for a for an income tax and makes himself more competitive by doing so. >> don't we have enough tax revenue. i assume it goes higher . done we really have a spending problem? >> we have both a tax and a spending problem. there is no question that the government wastes a lot of money. people are upset every time they hear of a tax increase . people right now should know that the government spent hundreds of billions wasted on war. try to give them more

and the issue of waste is a huge issue . it needs to be -- >> the good congressman said they waste a lot of money in dc but give them more because they need it. >> that's the problem. in the state of california. two percent of the top earners may paying half of the state taxes. half of california is paying no taxes at all . they are griping about the raise in taxes the most. jerry brown is cheering on mediocritty and chase guys like phil mickleson. when you chase those top earners out of the state. they are no longer buying . the cost of raising taxes is a killer on the state that bankrupt. >> good choice. >> anybody remember that we

have a big old national debt and the feds just crossed three trillion. no one knows how to balance a checkbook in washington d.c.. i am so sick and tired of them taking more of my money and barely make it on a week to week basis . we have nothing to show for it except for wealthy people leaving and more burden falling on the middle class. >> and johnathon wayne rogers brings up a great point. the consumption tax is a better way to tax people. >> you do care . >> i have advocated a flat consumption tax on this program. but those in washington and state levels are not listening. the income tax is horrific. congressman, for you to say that rich needs to be taxed at 60 percent to keep the roads cleaned. i don't blame wealthy people

for leaving rich states. it is an act of preservation. your wealth is the product of your life. you have elected officials say the we want 60 or 70 percent. no different than the mafia except they are based in washington. >> congressman? >> i simply advocate that people pay a fair share. >> which is what? >> why are taxes so high? i say in this counselry they are high because we have endless wars, the war in iraq will cost us over five trillion and it was unnecessary. people will pay high tax for that. we are expanding our military footprint globally. people will pay taxes for that . we subsidize major corporate interest. people will pay taxes for that . the fed created and bailed out the wall street and picked winners and losers and i voted

against that. but we'll subsidicize those practice. japan is starting to take its own destiny in hand by creating the jobs and build the infrastructure. >> hold on, i want to bring wayne in here. >> wayne? >> when the tax rate gets so high. we are number one in all of the developed countries it goes so high, are we driving business over seas? >> you are already driving business over seas that. is going on all of the time . for example, you take the chairman of the board of general electric who was the head of the president's commission on jobb creation. two weeks after making a speechuloses down x-ray division of ge and moves it to china. you have maniacs running the country here. that's the biggest problem with all due respect

congressman, it is congress who makes the decision and you used word fair. i love it when congress comes down and said what is fair. what is the fair share you should pay. please give me a break. >> go ahead. >> we need to stop demonizing the businesses that are bringing in amounts of tax dollars so the government can make bets on green energy and solyndra. >> coming up. subzero temperatures put the freeze on the temperatures. global warming will give you 14 trillion reason to worry about your green and wall street speeding ahead but why. but it is the new normal. [ male announcer ] this year, make safety your top priority

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>> it is so cold this week the fountain in new york city freezing over . the deep freeze sweeping over the nation. world leaderships announcing plan to raise another 14 trillion to fight global warming. you say it is time to put the green story on ice. >> it is a waste of money and the government is putting itself in putting the position of picking winners or losers. in the case of solyndra 570 million in taxpayer money went to best solyndra and eep when the company was failing, the government poured more money into it and we need to get out of this and leave it to the private companies to make these bets. if there is money to be made in green energy it will

happen. >> tracey. >> we haven't seen a lot coming out of the private sector and so what the heck is the government doing? there is nothing to substantiate it other than saying it will blow over. we need the money. 14 trillion and 16 trillion in debt. is anyone paying attention to the debt? >> congressman, we find that senator john kerry he is a global warmist, is he not? >> 97 percent of the world scientist think we have a problem with global warming and the idea of investment we should look at. the show is cashin in. if we invest in a public private partnership in geo engineering and transit it in a new energy economy. look at hurricane sandy. 50 billion and more in

damagings. we'll keep having storms like that and impact insurance company and wall street, we have to get with the new economy. should it be public or private money? if there is a profit, the company companies will do it? we don't have to put our tax dollars do we? >> if green energy works we wouldn't need a suck sidies. 90 billion under president obama. that is flushed down the drain and you are again picking winners and losers. it just so happens, that the best energy carbob nuclear hydrocarbon and the green lobby oppose and vote against it is it a anti-man position. we use fossil fuels to better our lives and give us food and

transportation and makes the modern world possible. to be against that is against the man's well being on earth. >> is there any proof that green initiatives have worked? >> apparently not. if you look down the list. everybody picks out solyndra. there is about 20 others that went up side down and in the toilet and a waste of the taxpayer money. it is outrageous thing that goes on the basic fundmental flaw that people in the federal government know more than we do . they know more than everybody else and they can pick the winners that. is a huge enormous lie that is perpetuated on the american people and happens and are occurs that we in the federal government know more than you and we can coerce you to put up your money in our choice. >> let's get the congressman

here. he's writing something down. >> what the gentleman said i would agree with. let me give you an example. wall street will nolt put his money up for nuclear power. the federal government put forward 60 billion in loan guarantees for the nuclear power industry. i opposed that by the way. we have to be sure what is happening here . in affect the government is subsidizing coal and oil and certainly nuclear. wall street will not touch nuclear. >> if wall street won't touch any of this stuff, that has to say something to you. if wall street is not willing to put a dollar in this nonsense, i am not sure why the government is. even the smartest minds in the country not in the government but wall street. >> we'll have to leave it there. >> coming up. why are stocks sweeping.

it is eight percent unemployment as the new normal in america. ♪ [ singing ] our first full team gathering! i wanted to call on a few people. ashley, ashley marshall... here. since we're often all on the move, ashley suggested we use fedex office to hold packages for us. great job. [ applause ] thank you. and on a protocol note, i'd like to talk to tim hill about his tendency to use all caps in emails. [ shouting ] oh i'm sorry guys. ah sometimes the caps lock gets stuck on my keyboard. hey do you wanna get a drink later? [ male announcer ] hold packages at any fedex office location.

>> coming up. stocks hitting multiyears high. it is u

snuck hello everybody. i deep freeze is tightening its grip on half of the country and a ice storm threatens cities. we'll have the latest. two years after a revolution that overtrue hozny mubarack a

dozen people killed in new riots. gun control debate makes its way to washington. hundreds of protestors are marching along side politicn and actsors of newtown, connecticut . women in combat, a big term for president obama. senator john mccain will join us with his take of women on the front line . the veteran who sued the federal government for right to serve on the front line. i hope you will join us. new multiyear highs and happening while 23 million americans are out of work or underemployed and more than 47 million on food stamps jutching 80 percent since

2007, and wayne, you say it shows it is the new normal in america. >> eric, so many people are dependent on the federal government to get mon yethey are used to it and we extended unemployment insurance. there is a more fundmental problem going on and that is educational. the lathe operator now replaced by a machine . the guy who operates that is a guy with computer knowledge. we are not educating our work force to support the kind of tech lodgical economy that we are going through. >> johnathon a new high in the stock market makes us take our eye off of the ball on unemployment. >> i am glad to see the market up, eric. but president obama's recovery is worst in moderp history . i think wayne's point all of the entitlements that we built

up. that intervention prolongs the crisis and worsens the crisis. a lot of the countries that have systemic unemployment. france never had that low since the 1980s. bigger government grows and bigger medockity grows. >> if things are so good out of washington d.c. and hear it out of the obama administration on the recovery. how come 47 million americans are on food stamps and the number that we spend on food stamps tripled under obama's watch? >> look, i agree with you. there is no recovery that we can measure here and you can point to how many people are out of work and lost their homes and on food stamps. we need to change our policy and invest and then you cash in. that's the way it works. we need to invest in america first. china is doing it. china's unemployment is 4.9

percent . ours is double that . china is investing with us. the money we pay to borrow for war. >> tracey. >> i believe we should invest but i don't want the government to do it. unemployment is up because of the uncertainty out of washington. companies don't want to expand. get the government out of the way, everything will get back to normal. >> tracey is right. you could see a temporarily sell off in the stock market. it is down from all-time highs because the market knows more medocre, the government will step in and fix and form the law interest rates and food stamps and unemployment checks. the market cheer its on >> free money. >> leave it there and say thank you to dennis kucinich.

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>> time for what i need to know for next week. >> kate upton in the super bowl. they are confident and spending money. >> it is another reason to roll that video. >> you are having a super bowl party. the price of chicken wingings. one of the most commonly eaten items sky rocket up 26 percent from the same time last year. head over to a friend's house for a game. >> you have any good news? >> wayne? >> i would like to get the chicken wingings. i am unwilling to put new money at risk in this market.

s&p approaching 1500 is scary out there right now. >> all-time highs. it is only high for now. could go higher. >> i know it is a sacrilege to say it. short gold. there i said it. dollar is strengthening and yen andy dollar all weak and gold stocks. >> you are late to that party. >> they are at a 52 week low. >> not like apple. in the last few weekings. >> we'll leave it there with short gold. before we go. hope you are getting from cashin in and we work hard. elected officials are cashing in. folks we are drowning in debt. we'll shout out and hopefully washington lawmakers and state leaders will