New calls to slash national debt as cost of war mounts

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New calls to slash national debt as cost of war mounts

Pentagon: War on ISIS costs up to $10M a day

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 CALLS TO SLASH OUR $17.7 TRILLION NATIONAL DEBT AS COST OF WAR MOUNTS

TRACY BYRNES: We don't have a slush fund. We have been cutting defense spending- thanks to the sequester and all of that other stuff. We aren't focusing on what Congress' only job is- to protect us. They aren't. We can't afford this fight with ISIS and it's so sad. Congress is getting paid to do nothing --

GARY B. SMITH: We have a slush fund and it's the defense budget. The problem with defense spending is we go in declare war and in the end we don't have any measurable goals.

JOHN LAYFIELD: This limits our options of what we can do. Lawmakers aren't going t fight the debt. We need to have a balanced budget at some point. Neither Republicans nor Democrats have that plan, no lawmaker wants to do that. We limit our options when we are in debt like we are.

JONAS FERRIS: This is a big economy we can afford the debt we have, but it doesn't mean we should pay it down for psychological reasons. I would like to get in a stronger positions psychologically for our enemies and for our economy, but we can afford the debt either way.

JENNICE FUENTES: The level of the national debt does make it so we cannot ignore the cost of the war. If Congress was doing their job, and part of that would be how do we make offsets to finance needed spending.

LAWMAKERS ACROSS AMERICA PUSHING FOR MORE GLOBAL WARMING REGULATIONS

GARY B. SMITH: By definition all green energy technology out there needs government subsidies which means they are going to cost more. So if you're paying 100$ now for electricity, and some community moves to wind or solar power- you can guarantee the cost of electricity is going to go up. If you're spending more on electricity its less money you can spend elsewhere.

JENNICE FUENTES: I think the politics of climate change are global. Yes, buildings do need to be fixed to accommodate to the new regulations. Let's think beyond our borders- 1 billion people in the world make a living on agriculture, 40 percent of those are women. The 2 industries affected by climate change are tourism and agriculture- you can't have a discussion and leave those industries out and there is a chance they will be negatively impacted by climate change if we don't do anything.

JOHN LAYFIELD: This is the most bogus political mess I've ever heard in my entire life. These mayors are just throwing out numbers and retrofitting numbers. This is stupid politics-they don't have a plan they just have a bumper sticker.

JONAS FERRIS: I am for helping the environment but you have to be careful who you are stepping on to raise the energy thing. Just mandating these things would hurt a lot of people out here.

TRACY BYRNES: This is going to hurt the American people and the jobs that come with it.

NEW TECHNOLOGY ALLOWS LENDERS TO DISABLE CARS IF OWNERS MISS PAYMEMTS

JOHN LAYFIELD: If after 30 days and they haven't made a payment they have a right to stop that car. This is backwards.

JENNICE FUENTES: I think it's wrong, no lender has the right to put anyone life in danger by turning off the engine. It's not safe

GARY B. SMITH: I think it is fair. If the consumer is given enough warning and the car is in the driveway, which they can track by GPS I say by all means turn it off.

TRACY BYRYNES: If you get a fair warning, fine... if you don't then no - you shouldn't have given the subprime lender the loan.

JONAS FERRIS: The reason subprime lending has gotten so low- rate is because the collections are easier. A long time ago they had to hire a dangerous repo man with a weapon to get the car, that's dangerous to the consumer. This is safer.. turning the car off is safer.

PREDICTIONS

GARY B.: APPLE (AAPL)

JONAS FERRIS: BLACK ROCK (BLK)

JOHN LAYFIELD: WALMART (WMT)