aggressive . we have to rely on social security . investing in the stock market is an aggressive mood. >> and great show and appreciate it. forbes on fox is next with dave. >> washington to the rescue. dc is still trying to resolve its own debt crise yis now the president is sending federal burrcrat in struggling cities to teach them how to teach tax dollars to boost their commes. is it a recipe for disaster. i am dave asener. welcome to forbes on fox. teave bores . clinton and victoria . steve, does this make sense in >> it is like sending mosquitos on how to kill malaria.

they need job creating entrepreneurs and that means a tax environment that is inviting and fighting corruption and curbing spending and regulations to get in the way of jobs. the government send spent over hundred billion and all gone down the drain. >> quentin, sending federal burrcrats telling them how to clean up their mess. >> that sounds strange, but it is a couple of people going out to each city and talking about how to better navigate the bureaucracy to get the federal funds that they will use anyway. now the cities could learn it through trial and error or hire private sector consultants to help them gain the system. this actually is a smart way to go because the money that is going to get there gets

their faster and more effectively because people who administrate it understand the city and the city understands how to navigate the bureaucracy. >> quentin outlined one purpose . it has two goals. help local officials tap resources. that's what quentin talked about . officials will provide techinal and planning . at ing there and tell them how to use the money. >> right, right. quentin said there is a couple of burrcrats it is actually dozens, talk about fun house. >> is that a lott? >> that is a lot and makes no sense. you have programs springing up. detroit, forbes has a great profile of detroit in the recent issue of the magazine and show how detroit is coming around thanks to federal funds . they are using hud funds to bull doze houses in areas that

are falling apart. do they need somebody from washington to tell them how to do that . >> apparently yes. it took them years. >> no, business leaders and entrepreneurs are getting excited about it. >> hold on a second. >> let me move on to mark. mark, one thing we learned that local officials can deal with their own communities better than the other folks. >> i think local officials can help but here they need outside help and i think it is prudent. we always talk about how great the private sector and business is on this channel. but what did business do? they deserted detroit and cleveland and all of the midwest cities . detroit, a third of the property is vacant there and 50 percent unemployment and business sector deserted detroit and it is not going to do.

you want to burn it down. >> have the federal government take it over? >> i think they ought to get involved. the private sector is not solving the problem here. i would like to see rich move his entrepreneurism to detroit. >> are you being sarcastic. we need them. >> and i understand what mark is saying, but the federal government is not state of the art when it comes to ways to grow the economy and help out entrepreneurs as mark said. cities for years are acting like the tin cans. look what happened in new york in 1975. jerry ford said we will not nationalize locall debt and i am not saying that happened here. new york city got federally backed loans . but the only 10 cities in default from 99 to 2009. they can grow their way and

fix their own problem. it is not businesses to blame. >> cities come back as our friend in chicago so sneeringly said because of entrepreneurs, it is the entrepreneurs and small business people that provide the real blood for this economy. >> look, every state and city and country is in competition is in competition for talent. and cities rise and fall. 1950s . they have franchise and phoenix had a population of less than 100,000 and we have to preserve the vitality. >> that vitality comes from capitalism steve . you call forbes mag wreen the

tool. and they cut taxes under guiliani. and it is a maginent for tourist and businesses again. and washington coming in and avoids the local problems. >> new york came back after gerald ford told them to drotch dead. it was new york city that told them to get up on their feet after the feds dismissed it you didn't survive and revive because of washington. we did it on ouron. that is the key here. >> bear in mind there is a 12-year gap between the ford at the same time and guiliani . you better believe that

guiliani used federal money as well. >> but the point is. and the point is. >> washington really want to help cities and going to have federal enterprise zones and you will see the come back again. remove them and entrepreneurs will do it >> i will give you a chance after viktor yampt we come back to the key that local people know how to use the resources better than the feds do. and telling people locally how to navigate the washington money maze. this makes no sense. on a level, the states are increasingly dependent on debt financing on a national level to fund their own programs. it is around 30 percent of the state budgets are now coming from federal funding and that

is a problem. that can't go on. >> very quickly. go ahead, mark. >> it is interesting my friends on both coast. move to the midwest and see what is going on here. last person to seattle please turn out the lights and then an entrepreneur renaissance led by microsoft and countless others. it can be done. >> stop complaining about government and start hiring. ceo of general electric lecturing small business and a key part of the health care law is under attack from the democrats. growing opposition proof that rationed care is coming.

>> another top executive

resigning in the news of the world phone hacking investigation. dow jones chief executive les hinton is stepping down. he once served as chairman of the paper. has resignation coming after rebecca brooks announced her departure. allegations first emerged that reporters of news of the world hacked in private cell stories. rupert murdoch sayed that news of the world was in the business of holding others to account. it failed when it came to itself . we are sorry for the serious wrongdoing that occurred. we are dopely sorry for the hurt of the individuals. news of the world shut its doors last week. i am jamie colby. see you one p.m. east yern back to forbes on fox. keep it on fox. ♪

new group of critics coming out against the president's health care law. eight demdeps signing a bill to repeal the independent payment advisory board. that is 15 member panel of government appointees in charge of medicare costs. this is help to ration health care? >> this is rich with irony, innocent it? open secret of obama care how to lower end of life cost treatment and move that cost. government subsidized cost toward the young and uninsured. that's the deal, like it or not. for now, democrats who supported obama care complaining that this is going to happen is beyond the pale. >> mark, rationing of health care, is it here in >> we

already ration care . we have 47 million americans who can't get health insurance and don't have it. unemployed and underemployed have limited health care. i don't see what the big deal is about a bipartisan panel that limits cost in medicare costs that are run away. >> it is happening, this rationing. it doesn't make any difference if the government gets involved. >> instead of government control how about free enterprise and produce more health care and do better delivery. david, this panel is unconstitutional. it has no review and in terms of what they do and the way they ration health care, the death panels. they will say certain procedures you don't get reimbursed for. it is right after the elderly. and it is not just steve forbes saying this.

democrat frank palon new jersey congressman said i never support today and i would certainly be in favorolis. >> democrat frank paul thereto one is a fool. rationing is a good thing. when your health care provider said you can use this network doctor or pay extra out that is rationing . when the co-pay went up. that is rationing. it is called an economic system and benefits you ration things. when 10 percent of the medicare beneficenceys run up 70 percent of the cost or 50 percent of the eldarely account for four percent of the cost. i would like intelligent rationing . if you want to call them death panels, you may. hyper religious country is so afraid of death they will spend all of their wealth to stave it off for a fow days for a poor quality of life.

>> wow. mike, i am afraid of death. i have to admit that and i will willing to pay to prevent that death from happening at least for a while. >> right. even the medicare board of trustees this year when it came out with the annual report cost saving that is obama care was supposed to deliver were highly skeptical of that and it was going to increase to higher costs for providers that lead to losses by hospitals or more rationing. so there is no doubt more and more is known about obama care works its way in the system more and more people are against it people like individual freedom of choice. they don't want their life and health to be determined. >> we want the choice. maybe some people are like quentin one or two days is not important. but other people are different and we should have a choice and we may not with this new

health care law. >> my dear 92 year old grandmother died asleep in her nursing home. how much money should we have spent trying to keep alive. should we have her surgery to replace organs. i thought she was in terrible shape. grandma, do you wish you could go to sleep and never wake up. said heck no. i want to keep on lifing. we can't give medical care to everyone. >> teave is shaking his head no. >> the free enterprise is creating new resources and scarcely in abundance. in piece was health care is allowed to operate . it looks like a hopeless thing for a 92 year old is routine and inexpensive. >> we are hearing that the free market doesn't work with regard to health care. >> it can work if people have to pay out of the their owns

or bring education and consumerism in the market. quentin makes a eloquent defense if you assume invasion is not there and the world is flat and zero sum. but the world is full of invasion and need to bring it to health care. >> we are still a rich country. bye-bye french fries and hello apple slices. spending big bucks. smart business or is the government shaming them into it? [ male announcer ] introducing the ultimate business phone --

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your kid asks grand kids like burger with fries. get ready for a temper tantrum. they are changing their menus to offer healthy alternatives. trying to stay ahead of the food police. >> they are in full force again and trying to fight obesity by making sure you don't have the choice of what you eat. they offer good salads in the traunt and you want to take them you can. fighting obesity is not food fascism but controlling what the parents eat. and the kids work off the calories. >> it is just voluntarily.

we have it in a lot of cities, pushing and man dating these kinds of things . this is voluntarily and they will have a wide variety of choices. look if they are doing it preemptively i am fine with that. my toddler thinks that avocado blue berry milk shakes are best thing on the planet. you can say i am deriving him of fun or helping him make healthy choice. if we go to burger king i am thrilled with apple slices. he will not be obese. and that is a great point. first voluntary . any time the government is banging on the fast food, there is nothing voluntary and a good mom and parent is making sure her kids eat what they eat and not government.

i think they do it because they want the president's good house keeping. i think it is a detriment. we want the greasey burgers and fries . if you go back before mcdonalds served salad gross margin was 48 percent. i think it will hurt them how is this affecting the business in >> it is a good business move to have a lot of choice in the menu. i don't see us reaching the point where the food police arrest parents on child endangerment process . we have a choice. let mcdonalds make their own choices. they don't have to buy the good stuff. >> we have a choice now, steve. >> mcdonalds in the tank 10 years ago and now thriving again and let the parents

exercise choice and they know if they didn't do it, the government would come back on them. let them have exercise . >> we have heard a lot of talk about michelle obama. >> controversy this week seen in the shake shack . it is burger and fries. every time a first lady comes in they have to have something to do and talk about. and now we have two guys in congress legalizing marijuana. we have harvard professors who say kids who are obese should be taken away and sent to no fat camps . it is crazy. would you be in favor of that bill? it reminds me of bill buckly's.

and thank you gang. our informers are loading up on that. ♪ [ mrs. davis ] i want to find a way to break through. to make science as exciting as a video game. i need to reach peter, who's falling behind. and push janet who's 6 chapters ahead. ♪ [ male announcer ] with interacve learning solutions from dell, mrs. davis can make education a little more personal.

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>> 19 restaurant chains signed on to kids live well . dennis, chipotle. >> love the burritos chain is growing and they serve exactly. >> you like the grill, bill. >> insanely high priced earnings and paying $320 for one burritos. why do you like dominos. >> this stock is affordable. >> elizabeth mcdonald. >> go with umbrands. >> that is not a food chain but helps you after you eat the food. >> great inflation play and well diversified. and obama care