john cogan and author, john taylor a professor of economics, they co-authored a column in today's wall street journal. the headline, those $2000 checks will not boost the economy. they write, history shows such spending does nothing to steam let the economy, it only as to the federal debt. they take a look at report that studies the effects that cash payment authorized by the cares act last march that reports finding that most respondents primarily saved or paid down debt with their cash payments with only about 15% reporting they mostly spent it. thus the payments have done little to boost the economy, and another round of checks they write would ring the total cost of direct payments to more than $900 billion greater than the military budget. they say it can be testified on humanitarian grounds, not on the discredited idea of stimulating the economy. if you want to read more on that , the opinion page today of the wall street journal. kenny, a georgian, small business owner. caller: what i am saying is i do not know why republicans are not on board with the $15 an hour minimum wage,

john cogan and author come and john taylor a professor at stanford. they co-authored a column. "$2000 checks will not boost the economy." they write such spending does nothing to stimulate the economy. it only adds to the federal debt. they took a look at a report that studied the effects of that cash payment by the cares act last march. that report finding most respondents reported they primarily saved or pay down debt with their cash payments, with only about 15% reporting they mostly spent it. they write the payments have done little to boost the economy. another round of checks would bring the total cost of direct payments to more than $900 billion. that is greater than the 2020 military budget. they say economic assistance can be justified on humanitarian grounds, not from the discredited idea of stimulating the economy. if you want to read more on that , today's washington journal. heady in byron, georgia. go ahead. caller: what i am saying is i do not know why republicans are not on board with the $15 an hour minimum wage. i see it as the gover

john cogan and author come and john taylor a professor at stanford.hey co-authored a column. "$2000 checks will not boost the economy." they write such spending does nothing to stimulate the economy. it only adds to the federal debt. they took a look at a report that studied the effects of that cash payment by the cares act last march. that report finding most respondents reported they primarily saved or pay down debt with their cash payments, with only about 15% reporting they mostly spent it. they write the payments have done little to boost the economy. another round of checks would bring the total cost of direct payments to more than $900 billion. that is greater than the 2020 military budget. they say economic assistance can be justified on humanitarian grounds, not from the discredited idea of stimulating the economy. if you want to read more on that , today's washington journal. heady in byron, georgia. go ahead. caller: what i am saying is i do not know why republicans are not on board with the $15 an hour minimum wage. i see it as the governm

to cogan though thousands of national guard have been called in to maintain security creating an atmosphere and and around the capital that's more kin to a war zone as r t america correspondent john honey reports. we're at the corner of 14th street and ask and we're just away from the national mall the national mall is basically all this area is what's called the red zone it's in the d.c. metro area it is all locked down the streets the bridges the tunnels it's been like this for basically a week but it's really over the last 24 hours you know the amount of security the amount of intensity has ratcheted up you can see just yesterday when we were out here as i mentioned earlier it was pretty quiet couple media crews people like myself out here doing reports but now there's actually national guard members troops standing on the street you know in formation and that's the case behind me here you see the white tent that's one of the many checkpoints so that the latest works is in the red zone all the streets you have to go through checkpoints and that's already happening in a lot of these checkpoints in fact my photographer rode 17 miles incredibly from scouts this morning he wasn't