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Detailed text transcripts for TV channel - FOXNEWS - 20120915:15:06:00

society, by the way. i ve known people from well off backgrounds who, through no fault of their own, go into welfare and they have trouble getting off of it. the problem now is we re in a vicious cycle. the more money we spend as a country on entitlements, the less money is available to invest in businesses and create those jobs that morgan pointed out we correctly needed. obama doesn t understand that. he thinks by increasing entitlements, you ll give people more money and that will revive the economy. that has never worked. what works is investment in businesses that create the jobs. then you don t need to spend so much on entitlement spending. that s the way to go. steve? and couple of things to keep in mind, the poverty rate was falling very rapidly in this country 50 years ago when the poverty program came in. we made very little progress since then. two, we re spending $20,000 per person on all of these entitlement programs. why not give them the cash if that s what you wan

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