DISCLAIMER: THE FOLLOWING "Cost of Freedom Recap" CONTAINS STRONG OPINIONS WHICH ARE NOT A REFLECTION OF THE OPINIONS OF FOX NEWS AND SHOULD NOT BE RELIED UPON AS INVESTMENT ADVICE WHEN MAKING PERSONAL INVESTMENT DECISIONS. IT IS FOX NEWS' POLICY THAT CONTRIBUTORS DISCLOSE POSITIONS THEY HOLD IN STOCKS THEY DISCUSS, THOUGH POSITIONS MAY CHANGE. READERS OF "Cost of Freedom Recap" MUST TAKE RESPONSIBILITY FOR THEIR OWN INVESTMENT DECISIONS.
REPORT: SCHOOLS NATIONWIDE BRACING FOR INFLUX OF ILLEGAL IMMIGRANT KIDS
JOHN LAYFIELD: It's over 60,000 kids detained and unaccompanied. We're housing these people at our expense and Congress has basically gone on vacation. I'm begging these Congressmen to go down and see what's going on- these counties are flooded with these children and they can't afford it. They are not wealthy counties and it's going to flood their school system- you have to add a new Spanish teacher, more translation teachers and not to mention all the health risks. These kids have come over here not having seen by doctors regularly.
JENNICE FUENTES: I agree, we need Congress to do the job and pass legislation and funding needed. We are respecting the laws that are in place since 2008; we have laws to deal with these children. We're talking about a population you can fit in Dodger Stadium. The cost of that to our system is negligible if you look into the population as a whole, what percentage is that amount. These communities in particular need help. Is it at the national level that all communities are going to suffer?
TRACY BYRNES: This would drive me insane. The Gov. of Oklahoma wrote such an endearing letter saying "hey my job is to take care of my people first". Oklahoma has its share of problems, she doesn't need more people coming in- now she has to take care of them? It's unfair that the government is now forcing her to direct her funds to children who aren't even residents of her home state. That's the point- we need to take care of our own first, we don't have a plan to take care of these children. Everyone wants to help these kids, but we need a plan to do it. Border patrol is getting sick from the diseases they are bringing in - all that trickles down into our wallets.
GARY B SMITH: I think there are two issues. Let's tackle the health risk first- I'm not worried about the health risk. When my kids come into school they have to prove they are being immunized and I'm sure they're doing that in Texas and Oklahoma. I am worried that the immigration situation is not a national one- it's a local one. The money is not getting there. All of a sudden these immigrant children are brought to a military base and now the local states have to handle it.
JONAS FERRIS: There are short term costs. The health thing is legitimate because there are parents in this country who decided they don't need to do vaccines -which is a great policy when 99 percent of children in America have been vaccinated but all of a sudden you got kids coming from Central America and the rules are going to change and the government should have stepped in on that behavior. Kids are expensive, if someone has a child in my town- property taxes are going to go up to pay for that kid. This is going to hit all those local school districts. Unfortunately, this isn't a local problem. These kids aren't from these towns; the federal government is going to have to pay the ‘property tax' so to say to educate these kids. We have a problem that the population isn't growing, that's why social security is going broke and they have to keep raising taxes. At the end of the day if we can turn some of these kids into tax payers won't that solve the other problem? There's has to be a way to make these kids tax pay positive.
GLOBAL UNREST SPARKING NEW CONCERNS ABOUT FUTURE DIRECTION OF THE MARKET
GARY B. SMITH: I think we're throwing a lot of tinder out there. The market was flat for the week. The market didn't really move. I think we're one mistake away from the market diving. We have a lot on the plate right now, I think the market can navigate through but I think we're going down a little further though.
TRACY BYRNES: Earnings season is over, so the traders have nothing else to trade on. Four years ago when the US debt was downgraded in August it changed the life of the month of August forever. It used to be a quiet sad month, now it's as volatile as they come. I think the volatility is going to continue into the fall. People are just hoping the president does something- history has shown he does nothing- as a result we go through this and trade on these tidbits of news.
JENNICE FUENTES: The market has been very flat. If you look at the whole week, the news isn't good and as things continue to get worse, the market will get worse.
JOHN LAYFIELD: We're trading on the fed. There's really no other place to put your money except for the US market. We're finally killing the right guys in Iraq. The president said that he left a stable and sovereign Iraq- we knew at that point he was either very naive or just not telling the truth. We knew it would break into civil discord. The only variable that is unnerving is the Islamic state. These guys are the ones that if they could control these dams and the oil fields that's when it disrupts the world economy. Going after those guys is the right thing. I don't think Ukraine or Israel is going to move the markets. Killing the bad guys, that is the best move they made.
JONAS FERRIS: The stock market does well during wars. Vietnam was the exception-there were other problems there, including that we lost. It has to spread over to a financial crisis- that's what scares investors. It's not that Russia is in the Ukraine, it's that some bank in Europe all of a sudden has problems because the money isn't getting paid back because of an embargo against Russia and then some other debt defaults- then we get scared. That's what starts a financial panic, not the wars and the fighting.
DEMOCRATIC LAWMAKER PUSHGING "SWEET TAX" ON EACH SPOONFUL OF SUGAR IN BEVERAGES
TRACY BYRNES: I think we should tax the toilet paper in all the congressional offices because all they do is "you know what on us". If I have a soda, it's not the reason the country is obese. They are going to collect this money and waste it away anyway.
JENNICE FUENTES: Economically it may make sense because soda is as inessential as tobacco and cigarettes. It could economically make sense, politically its dynamite. Where do you stop? Do you subsidies broccoli and dental floss. There is a thin line we need to figure out where to draw the line.
GARY B SMITH: It's crazy! Why is this the governments problem- aren't we allowed to be fat? Look caffeine isn't good for you either, are you going to tax the coffee I drink. Why don't we just have everyone in the nation step on a scale and all the people with a high body mass we tax them!
JONAS FERRIS: We are all paying for each other's healthcare- and that has gone up with ACA. With Obamacare you are now subsidizing the unhealthy. They don't get kicked off the plans for being unhealthy that means your insurance is going up. I have a direct financial incentive for everyone being healthy. We need some kind of tax or fee to make it more expensive if you're not being healthy.
JOHN LAYFIELD: First of every month let's march everyone down to the courthouse and weigh them! Everyone over weight lets tax them! This isn't about health - it's for politicians to get more money.
JONAS FERRIS: Bank on regional banks. (NBCB) deposits a 20 percent return in 1 year
GARY B: McDonald's is appetizing to everyone (MCD)
JONAS FERRIS: Female bosses outperforming male bosses (PXWEX) powers up 15 percent in 1 year