This is a RUSH transcript from "The O'Reilly Factor," July 23, 2014. This copy may not be in its final form and may be updated.
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O'REILLY: Pro-Russian separatists in Ukraine shot down two more planes overnight, Ukraine military jets. In Europe opinions divided on whether to take stronger action against Putin who is giving the missiles to the terrorists as a result of the Malaysian Airliner destruction, 298 dead.
Britain, closer to calling for stronger action but not France -- it is selling Putin two warships despite the Russian leader's aggressive tactics.
Some Americans want President Obama to take stronger action against Russia but the word "warmonger" now in play in that debate.
Here to explain the use of that word one of the co-hosts of "THE FIVE" Bob Beckel. So I heard you used the war mongering label when you were shooting it out with Watters over how the plane site should be secured. First of all, define warmongering to me.
BOB BECKEL, FOX NEWS HOST: Warmongering is something spoken by somebody who has absolutely no idea what they are talking about, is a soft mark, has never had any experience in foreign policy and could put us in a position where we can get into wars we don't need to be in.
O'REILLY: All right. So warmongering is someone who doesn't understand the situation who wants to use military force -- right -- and that's the wrong strategy.
O'REILLY: Ok. I got it. Now, with the wrong strategy, here is what I would hope would happen. That the U.N. would send in troops to Ukraine to secure the site so the investigations would be clean on the Malaysian airliner. Would that be warmongering for U.N. troops to go in?
BECKEL: No, it would not be. I think that you need to secure this site but the United States is not going to secure the site.
O'REILLY: Right. So we shouldn't do it unilaterally.
BECKEL: No we shouldn't do it unilaterally.
O'REILLY: It should be the U.N.
BECKEL: I think the U.N. would be a good force to do it. I mean who else is going to do it?
O'REILLY: Right. Nobody else is going to do it. And the U.N. won't do it either. So the scene will not be secure and it has not been.
BECKEL: If it doesn't get secured that's too bad. It's not worth us going in there and losing American troops.
O'REILLY: You know, I don't disagree with that. I wouldn't send ground troops in there. I don't think it would be warmongering to do it but I think it would be foolish tactically to do it.
Putin, I would take much stronger action against Putin economically. Cut off all credit card receipts and the United States could do that easily. Would that be warmongering?
BECKEL: No. But that's a different story. Warmongering is putting ourselves in a position where we will potentially trigger a war. Cutting off credit cards is not doing that. I think that more could be done. The fact is the United States has done some limited sanctions. The Europeans who should be doing them are not only not doing them but they're aiding and abetting Putin like the French.
O'REILLY: And they are cowards.
BECKEL: Exactly as far as I'm concerned they are.
O'REILLY: So they are not warmongers they are the opposite.
BECKEL: They're the opposite of warmongers. They are peaceniks.
O'REILLY: All right. They're peaceniks. I don't think they're peaceniks. They couldn't care less, they just want money.
All right. So now my solution is provocative. So you put Putin in a corner like that, he is a rat, right?
BECKEL: He's a rat but he's is vastly overestimated.
O'REILLY: You may be right but you may be wrong because Putin will warmonger.
BECKEL: No, I'm not wrong.
O'REILLY: He will warmonger.
BECKEL: Yes (inaudible). He has got nothing to warmonger with.
O'REILLY: He's got a big army. He's got tanks and he's got --
BECKEL: Send them across borders. They tried it in Georgia, they got beat and now he's got some surrogates doing it in Ukraine.
O'REILLY: Well, he's certainly warmongering in Ukraine. I mean he's obviously doing that.
BECKEL: Sure he is but in the end, is he going to get Ukraine? No.
O'REILLY: But, listen to my question. If I'm the President and I say, listen, Vlad we are not going to take any more credit card receipts from Russia. That destroys his infrastructure right there. He may say Ok, Bill. Because you did that, now I'm going to take over all of Ukraine. I'm going to send Russian troops and tanks in. Then there is a war.
BECKEL: There is a war with who?
O'REILLY: You are not following, are you?
BECKEL: I'm following exactly what you are saying. You are suggesting the credit card receipts --
O'REILLY: Slower or what?