Bill O'Reilly on Thursday expanded on his Talking Points Memo from earlier this week, when he said that American power is declining. 

O'Reilly said it's hard to believe that 14 years after 9/11 American foreign policy is in such "disarray."

He noted a Frontline report in which Joint Chiefs Chairman Gen. Martin Dempsey said the Pentagon was blindsided last year when ISIS terrorists overran Mosul, Iraq.

Former U.S. Ambassador to Syria Robert Ford also expressed concern that the training of rebels in Syria is going to be "too little, too late" to stop the advance of ISIS.

O'Reilly said the decline of American power is happening at home, not just abroad.

In 2012, the Census Bureau reported that nearly 110 million Americans lived in homes receiving government assistance, not counting Social Security and Medicare.

O'Reilly said the whole nation is weakened when so many citizens are depending on the government to get by. 

"Prosperity is a key component to a strong country," he said, adding that median income has fallen more than 3 percent under President Obama. 

"America was built on hard work, not government safety nets. There was no welfare or government assistance when this country was founded. You either made it or you didn't," he said.

He lamented that Americans now have a sense of entitlement, relying on elected officials for their security. 

Watch the full commentary above and a follow-on discussion with Charles Krauthammer.