KIMBERLY GUILFOYLE (HOST): New parents have a lot more to worry about than just college to save for. In nearly half the country it now costs more for moms and dads to send their kids to day care or preschool than to put them through college. That's true. In Massachusetts, for instance, care for a preschooler is around $13,000 a year. An undergrad's average tuition in the state is $11,000. So what is the solution to make childcare more affordable? Geraldo, do you have one?
GERALDO RIVERA (GUEST HOST): I wish I did. I argued with Eric about minimum wage. If you're a single mom and you have a child, and you want to work, and you have to pay this for your child to be taken care of when you're working, why would you work? You can't make that kind of money, with $7.25 an hour as your minimum, as your wage -- what's that, $280 or $300 a week? So you can't, you literally cannot do it, you literally cannot work, and have your child cared for. I don't know what the answer is, maybe in this regard maybe you need some socialism.
GUILFOYLE: But there are some people that have to make that decision, Eric, where they say you know what, there's families of husbands and wives where the husband will say it's actually costing me money for you to stay home, because between child care, everything else, the family operates at a deficit.
ERIC BOLLING (HOST): I have no other than, I would tell Geraldo that the minimum wage, raising the minimum wage isn't going to help that mother with one or two kids, it's actually going to force her -- there will be fewer jobs. Here's what you're getting at. There needs to be more social nets for people who decide to have kids who can't afford kids.
RIVERA: Right. But that is --
BOLLING: I would argue that if you can't afford to have children, then you shouldn't be having children, and if you do have children then you have to, there's religion you can go to, go to other people for donations, and there are plenty of certain social service nets available.
RIVERA: That's so harsh and you don't believe it.
