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.
NEW DEBATE OVER BORDER SECURITY ERUPTS AS AGENTS COME UNDER ATTACK
STEVE FORBES: You're not going to perfectly seal a border, but a lot more can be done. One is additional assets and two is enforcing additional law. Those two guys should be rotting in U.S. jails for what they did several years ago. How about a president that takes border control seriously? His body language made it really clear he couldn't care less about it and that is profoundly demoralizing. We should also reform our own immigration system so those plagued by the rules aren't punished as they are today.
JOHN TAMNY: Trying to seal a 1700 mile border will work as well as the drug war, meaning not at all. This is a terrible idea for those that like big armed government; they would love the idea of increasing border security. The only solution is to allow market forces to work. Those that are ambitious and want to come to this country and work we should allow them to come here.
CARRIE SHEFFIELD: I agree that it's a difficult problem but we have to close the border. We have to be smart about it. We don't need big government to do this. This administration is not technologically savvy. They cancelled programs very targeted that flag things when we have things that pile up. These illegal aliens had a very long track record and rap sheet and there were no red flags to flag this.
ELIZABETH MACDONALD: We talk about this as being an issue about illegal immigrant children, but even illegal immigrant children want to grow up in a society that protects its borders where they will feel safe and their families feel safe, legal immigrants say that time and again. I'm with Steve 100 percent, seal the border. This is a national security issue. Other Democrats are saying, "Yes we should be moving toward this." Even Terry McAuliffe said seal the border and send them back.
MIKE OZANIAN: First and foremost you have to have a president that abides by the constitution. No matter what laws we have. No matter how much money we spend. No matter what we do if the president ignores the constitution of this country none of that is going to matter. This is a president that moved the numbers at time to make it look like we're getting rid of illegal aliens, when we're not. They're counting arrests as deportations. He's doing all kinds of things except what the president is supposed to do under the constitution, which is protect our borders. Unless he does that, none of it is going to matter.
BILL BALDWIN: I think the border fence is a failure. I'd tear it down. I would substitute a national electronic I.D, without which you couldn't work or bank or travel. With technology we could make this country far more secure and the technology in question is not a bunch of chain link fences.
IG REPORT: FEDERAL EMPLOYEES "PAID TO DO NOTHING" RECEIVED BONUSES
ELIZABETH MACDONALD: What does it take to fire a federal worker who is doing internet surfing or going on Facebook or going home to do the laundry? We also have workers in the federal government looking at the porn while working. We want to get workers paid right, but this is really over the line.
BRUCE JAPSEN: It wasn't so much a union problem as a management problem and they weren't even doing adequate performance of reviews, but one of the things we can look at is this was called to attention by whistleblowers and the inspector general's report. So, perhaps when we talk about too much government we should look into more of these reports, but then when there are reports from inspector generals the Congress doesn't do anything. We have a do nothing Congress when it comes to this type of stuff. People need to heed the advice.
SABRINA SCHAEFFER: This breeds this disrespect and negligent for the American people, but I tell you my husband has his own business, if he had an employee that wasn't producing then that employee is gone, because every dollar and every man hour is poured right back into that business. For the American people that are working so hard to look to Washington to say that we're footing the bill for people making close to $100,000 this is morally reprehensible.
MIKE OZANIAN: This was something John Tamny often speaks about is government bloat, and when you're funding government that isn't subject to market competition forces this is what you get. In the private sector the number of union workers decreased significantly because of global competition. The only way to combat this is to shrink the amount of money in the government.
BILL BALDWIN: If there's federal employee with too much time on their hands it's because Congress has chosen on the make the federal government big. They have time to crack down on bake sales with cupcakes, they can prosecute you for filling in a wet spot in your yard, they can go after anything that is part of some obscure federal statute. They went after somebody and confiscated his bagpipe.
STEVE FORBES: Trying to fire somebody in the federal government is virtually impossible and, in terms of management reviews, you soon learn that if you don't want trouble for yourself you give them a great rating or you'll have a long drawn out dispute and court fights and everything else. So they make it big and it gets bigger and bigger as pointed out before by Mike and others. When you don't have to answer to customers each and every day this is the kind of thing that happens in a bureaucracy.
REPORT: WHITE HOUSE LOOKING INTO WAYS TO BLOCK OVERSEAS TAX FLIGHT BY U.S. COMPANIES
STEVE FORBES: Put aside the unconstitutionality, this is going to mean less investment in the United States, less job creation, and less opportunity for people to get pay raises. Another thing to keep in mind is if you make a profit in the U.S. you will still pay a tax regardless of where you're headquartered. All it means is you don't pay taxes in the U.S. on profits you make in other parts of the world. We're driving away investment and making the U.S. look like an anti-business environment. The people pay the price for it.
BRUCE JAPSEN: Walgreens is merging with a company overseas but they would have gone overseas to relocate their headquarters. It would have been a huge loss of tax revenue and when corporations don't pay taxes they're going to look to us, but more broadly here the Walgreens CEO said that in the end they couldn't do it or they weren't going to do it because they thought that the risk would outweigh the benefits. They were also being chided by not only President Obama but also Harry Reid.
JOHN TAMNY: When a president presumes to hold companies hostage in the U.S. that sends a chilling message. Businesses are in business to serve shareholders. If you don't serve them they'll move elsewhere and job creation will shrink.
ELIZABETH MACDONALD: I like how the U.K. and Ireland are turning themselves into that and we're going the other direction. It hurts government workers and teachers whose pension funds invest in these companies trying to lower their bills.
SABRINA SCHAEFFER: This is an example of a president that wants to always be in the driver's seat when it comes to businesses with no regard that businesses take into consideration a lot of different variables. Whether it's about moving your headquarters overseas or equal pay as president was pushing this week, he thinks he can tinker with things without any consideration on what businesses are thinking on their end.
STOCKS OUR INFORMERS ARE BUYING
ELIZABETH MACDONALD: iShares Select Dividend (DVY)
JOHN TAMNY: Schwab International Equity ETF (SCHF)