dagen, what do you make about that? should i be surprised by that, but it's disgusting. >> and with the spending, what are you talking about. >> where is the urgency that our taxes are going through the roof the end this have year and the urgency to deal with that looming monstrous problem? there is none. but instead, this is, exemplifies whether it's on student loans and rural airline service and once you start today try to take something away from somebody, whether you're sitting on the right or the left, people go bananas. >> wouldn't you risk ticking off a bum of bi-plane operators? i'm showing those and how many representative those-- >> a huge lobby group. (laughter) >> i grew up-- not mountain bicycling. >> i group p in a small town, rural town. >> it where they don't have-- >> we're lucky if we have bicycles. >> in all seriousness, ben stein, you i see your many wise words over the years and we differ on the side whether washington could ever cut spending because we might have to resort to tax increases like it

ben stein, charles payne, dagen mcdowell along with adam lashinsky and charlie gasperino, charles payne, what do you think. >> the unions are losing now big time in the court of public opinion and going to other courts trying to rectify it and i think they're making a gigantic mistake. in san jose, the pensions are almost 200%, firemen, you run into the burning building when others are running out and police officer, take care of the bad guy. but have to listen to the will of the people. and have to draw a line for reasonable compensation, bottom line. i think they're making a bigger mistake. >> neil: i think that san jose stood out because a largely democratic town and democratic mayor, and essentially said, dagen, look, i love the unions and i want to protect the pensions and protect them. but we've got to reign the costs in so that i can. >> why this is such a watershed potentially, is because the people in san jose voted to cut benefits for current retirees. and if this goes ahead and the unions fear this this a great deal and by the way, we had another big, big vote down in san die

that san jose stood out because a largely democratic town and democratic mayor, and essentially said, dagen, look, i love the unions and i want to protect the pensions and protect them. but we've got to reign the costs in so that i can. >> why this is such a watershed potentially, is because the people in san jose voted to cut benefits for current retirees. and if this goes ahead and the unions fear this this a great deal and by the way, we had another big, big vote down in san diego. the second and third largest cities in california, but also, cut benefits, but for new hires, the unions know if this goes ahead, that you're going to have vote after vote after vote where the unions lose power and they lose benefits. but, i think, these two votes in california were a huge victory for taxpayers everywhere. but you know, ben stein, i want to switch over to you, because as near los angeles, i think the mayor just today is saying much the same sort of thing, right? and so, what's going on here? >> well, there are several things going on, neil. one is that the unions are basically saying, look, yo

joining us is ben stein, charles payne, dagen mcdowell and stephen fitch. and charlie, you raise a very good point. in the scheme of things, this looks like a pimple on a you know what. >> and we should point out they lost 2 billion on the trade, even with that loss they're going to be making something like 3 billion dollars this quarter, next quarter and it may have a 12 to 15 billion dollar earnings year, so, this is, i mean, there's a lot of reasons, politically why they're doing these hearings and i think that jamie dimon is a big opponent of aspects of dodd frank and they want to show that this guy maybe shouldn't be an effective spokesman, but i tell you that report we got and first reported on fox business, really shows how little this is compared to this huge elephant. everybody knows it's there, by the way, what this report did different, it spelled it out in explicit details how big it is and it's unfunded accounted, and municipalities if you go by the public statements would add up to about a trillion, 900 billion according to the report, the rea

. >> we go to ben stein and charles payne and dagen mcdowell along with adam lashinsky and charlie gasperinoight. and i mean, and you know, it's funny to hear the media covering this thing and the great things it protects, it leaves out the great costs it also presents. >> and it leaves out the media, leaves out why it's constitutional. and listen, just on an individual basis, just for people, forget about the companies, small businesses,

ben stein, charles payne, dagen mcdowell along with adam lashinsky and charlie gasperino, charles payne