The "experts" in Washington made it their job to provide cradle-to-grave social services and wage a war on poverty. The result? Poverty decreased...and then stopped decreasing.
Also, America will soon be bankrupt.
My show this week is about changing course.
Congressman Jim Jordan, chairman of the Republican Study Committee, has a plan to reform welfare. Dan Epstein of the taxpayer watchdog group Cause of Action says a "poverty industry" funnels taxpayer dollars to politically connected groups, even the supposedly defunded ACORN.
NYC Human Resources Administration boss Robert Doar oversees 15,000 government workers who try to address poverty in my town. He says that tying work requirements to benefits will help people become self-sufficient. But when I sent my former intern Zoelle Mallenbaum to a city job center, Doar's bureaucrats seemed more interested in signing her up for food stamps or unemployment benefits than helping her find work.
Tom Palmer, editor of "After the Welfare State," says young people must save for their own future because the money promised them by politicians will be long gone by the time they retire.
So is there an alternative to America's welfare state? Michael Strong works to create alternatives. He has helped establish a "free city" in Honduras that will have minimal taxes and limited government, where people will be better able to prosper.
See the full episode below:
This Week's Show -- July 10, 2014
CENSORSHIP AT CBS: Investigative reporter Sharyl Attkisson has a similar story. She explains why she left CBS after it became "harder and harder to get stories on television" that criticized this government and "any powers that be."
IS STOSSEL BIASED?: Years ago, journalist Howard Kurtz criticized me for not being objective. I said it's impossible for any journalist to be completely objective. Now that Howard Kurtz is on Fox, we debate again.
THE OBJECTIVITY MYTH: Andrew Kirell of Mediaite.com says, "every journalist has a point of view and they don't just magically check it the minute they walk in the newsroom door."
NEW MEDIA: Reason TV's Remy Munasifi uses music videos and parodies to complain about things like politicians' spending. One of his latest parodies highlights the scandal surrounding the VA hospitals. Munasifi discusses his videos, which have gone viral on YouTube.
RETRO REPORT: It's great there's a new media organization called Retro Report, which reveals media hype of the past ("crack babies," America's landfill "crisis," the "superpredator," etc.) and corrects stories everyone in the media got wrong. I discuss the new show with its executive producer, Kyra Darnton.
REAL OR FAKE?: Sometimes people in the media say things that are so bizarre, you'd think they were made up. Kennedy of The Independents quizzes FoxBusiness.com's Kate Rogers, Fox Business host Charles Payne and me to see if any of us can tell which quotes are real, and which were made up by my staff.
MY TAKE: I used to report on lots of scares. CBS even ran an ad for me where someone called me a "guardian angel."
That's bunk. The only guardian angel is a free and open society. That's what allows innovation, gives people longer lives, and lifts billions out of poverty. But these gradual improvements aren't newsworthy. Scares and disaster make the news.
News is broken not just because we're biased but because most good and important news happens slowly.
9PM ET on Fox Business Network