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Detailed text transcripts for TV channel - FOXNEWS - 20140108:14:08:00

$20.7 trillion. we re now spending roughly $900 billion per year giving out 80 different welfare programs. 100 million people get something. they average $9,000 a year in cash value per person, per year in this war on poverty. now to answer your question. did we in fact make any real progress? here s the simple answer. we have not made that much progress in reducing the poverty rate. 15% of americans are still in poverty. it is roughly the same level as it was back in 1964. it did help feed hungry people, treat sick people and it did raise the standard of living for many, many poor people. however the proportion of people still living in poverty, pretty much the same as it was back in 1964, martha. martha: let s talk a little bit about what president obama wants to do. it is not a large-scale program as we talked about yesterday. well he is extending the war

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