tv Washington Journal Stephen Moore and Heidi Shierholz Discuss the U.S.... CSPAN August 7, 2017 8:02am-8:57am EDT
shot down. established the ground rules now you can talk about areas of cooperation. or thing i would do is arm the ukrainians. you have to raise the cost to russians what they are doing in the ukraine. it is not on the front pages any but in eastern ukraine people die every day because of green men russian separatists who with russian military training and capability are making a mess of eastern ukraine for kiev to e govern the country. so, i think it is time to arm them. i think you have to show him that you are tough areas of you can find cooperation. host: with me is stephen moore ith the heritage foundation project for economic growth and we are talking about the economy heidi shierholz with the economic policy
institute senior economist and policy. of good morning to you. i want to start with a "new york headline that caught your attention over the weekend asically saying as jobs grow and dow climbs trump takes credit. question, should he? what do you this? guest: it is a pretty simple know. the momentum in the labor market started before he came into if anything it slowed we t the last six months added 179,000 jobs on average. to per month compares 208,000 over the same six months last year. anything it is a little bit of a slowdown but generally thumb is the president takes credit. before we e a while can see any trump effect. host: stephen moore. guest: the economy has
accelerated almost in every regard. a good jobs report on friday and that is a a good report we had the months before. the stock market, we saw what appened the day after the election where it went up 700 points. investors are very encouraged nd anticipating this trump agenda of tax cuts, deregulation and so on. grew 1.5% with obama last year so it was de decelerating. now we are seeing an acceleration of the economy. point i would make about everybody looking at right now in the washington times" i think trump has to get the tax cut passed to keep the momentum going. you see a record high stock market. anticipate a tors tax cut. if not you will see a selloff. calls are on the bottom of the screen and we will
in a few ng calls minutes. they will be here most of the 8:00 hour. on taxes.ntinue heidi shierholz, if you could tax bill and ect send it to congress what would -- main planks be? guest: we are seeing record but investment is extremely low. is last thing we need to do cut corporate taxes. if we do, that will give perfect profit but they are sitting on the profits they have. make sure we can get money into the hands of people who will spend it. in the hands of regular people most people live you eck to paycheck, when give them more money you will -- they are likely to spend it and the economy needs. hen people spends that means
demands for goods and services hard.p and workers get host: stephen moore you were trump economy. go deeper into the perils. me say irst of all, let heidi and i totally agree on the problem with the economy. we have had an expansion, a recovery, for eight years so it recovery but g very shallow with the weakest since the end of world war ii. i agree with liheidi the reason hasn't performed as e would expect is because investment is very low, one-third as high as traditionally in a recovery. disagree is why businesses are not investing. raised taxes on investment in the obama years. a big mistake. we had the increase in the income tax rates and under obama
features f the worst was we raised the investment tax on capital gains and tkeupbldz. when you tax something you get you tax something less you get more so it is not a tax ise when we raised the on investment it went down. putting more of money in the pockets of consumers i'm in favor of that spend if people don't have joc jobs. is necessary is not just more jobs because there are a million bs, like five unfilled jocks in the economy. the -- jobs. high wagem is getting jobs back that americans are concerned have been leaving the country. i was going to comment about how to spur investment. george w. bush cut taxes dividends and d capital gains and we really did
on the slowest recovery record. the 2002 to 2007 was an slow recovery. governor brownback in kansas in taxes dramatically and ut business taxes and kansas had such sluggish growth. uch dramatic cuts in important government spending as a result of lower revenue than expected republican controlled legislature said screw that, undid somet work and of the cuts. what we know is those business on the ground are not effective for generating revenue. coming in.ve calls let's hear the words of the president touting what he calls economic numbers in years. we will listen to him at a a reaction and get from our guests and to calls. reached yet market another all-taoeuime, in histor
today.e high we are seeing the retirement hopefully of every this room? have you been helped? i think so. unemployment is at a 16-year low. i will t forget -- and never forget -- the millions and millions of people out there that don't bs register on the unemployment because they gave up looking for jobs. but, accept the number honestly, we all know there are illions of people out there that we love, forgotten men and women and they are looking for and they are going to have them because i have factories coming back into there country. them.ve seen they are coming back.
we have auto plants expanding and coming back. they are coming into michigan. they are really coming into michigan. coming into ohio and pennsylvan pennsylvania. [chants from the audience] trump: economic growth has surged to 2.6% nationwide. you have to understand what that means. nobody thought that number was happen. and at 3% growth in west virginia. how that happened. 3% growth. of the ephen moore heritage foundation what did you
hear in that speech? that is vintage donald trump. he is taking credit for this boom.ic this is the leiie heidi, eighth year of a recovery so there is a bit of continuation but i think it is ramped up a bit. it is interesting he gave that speech in west virginia and west country, as you know -- i wrote my column last comeback of the coal. the number one source of electric production in the first six es in the months of the year was coal. e have seen a 12% to 13% increase in coal production. that is a trump effect. hillary clinton said she would of work if elected. "new york today's times"? i think there was a front page story about leasing land, land for coal production. unravels coal mine limits on federal lands
mining on more coal land owned by the federal government. guest: i'm in favor of that. we have 500 years of coal and ot only should we be producing coal on federal lines but mining and drilling for oil and gas by estimates 40 trillion dollars of it so we use it. host: heidi shierholz? uest: the most important thing he talked about is how great the stock market is doing. it is true that it is very high now.t few that nd how impacts. only half of households have any stock market. even including stocks held indirectly in retirement accounts. of people have a substantial amount like more $10,000. only a third of households have more than $10,000 in the stock even including stocks held indirectly in retirement
accounts. that t is doing well doesn't mean that people are doing well. standards, we need to boost institutions to increase wages. need more people in the stock market. people een saying allow to put social security into stocks. we want shared prosperity. host: let's get to the calls. houston, texas on the republican line for stephen shierholz.heidi caller: i called in because it as been a while since i got to talk it stephen moore. guest: have we talked before, sir? caller: that's right, stephen oore the former editorial memb member. i have a question for you. you are an economic man. this [inaudible].
8% of the states did not increase medicaid. i want to know what the number we have these left in saying wealling spend too much on the military. inaudible] we have spent twice as were on medicare and medicaid than on the military. what would the number be -- they don't ask you this -- what would he number be if [inaudible] medica medicaid? states that ] actually care about the nation. we cannot keep spending and utting our children in
servitu servitude. and out. was fading in host: he talked about medicaid and expansion and talked about at the end there. hear him.ficult to guest: so, i don't really know exactly the question was. the issue about our debt is certainly an important one. we have a debt ceiling as you know coming up the end of to ember and that is going be a battle royale in washington, as it always is. republicans will, in the congress, will probably asking spending reform in exchange for raising the debt. barack doubled under obama, it went from $10 trillion trillion.$20 if we continue to borrow the way e are it will be a road to ruin. host: heidi, how important is debt right now? it did rise dramatically
under barack obama because we ad to do something in response to the worst recession that we had seen in three decades. biggest e was the come-down in the debt post-world war. debt is totally sustainable. budget look at the priorities for the on nistration, it may touch some of the stuff the caller said. ou saw that in the president's budget an increase in defense billion offset by a decrease in nondefense at h.h.s.ment of labor, state department and it shows where the priorities for taking of -- when you think of a 20% cut in the department of labor's budget. those are the agencies that enforce labor standards and institutions and make sure are safe and not inhale toxic chemicals on the job
and safety equipment and deep ladders om falling off and enforcement of wage and hour laws. those cuts are not the place will make our country better. from there is barbara tallahassee a republican. caller: good morning. i'm pleased to have this conversation this morning. think about the riorities and values, let me give context. the black vote was with the party really until a ut [inaudible] i'm doing family history. i have been struck because i had parents and grandparents who kept diaries and they were and very active in , rvice organizations philanthropy organizations, to race.t the i also appreciate brian lamb's
review on the gentleman from south carolina. needsas a good story that to be told. let's talk about debt. -- the black is ite with the republican party hear commentary that the black ote went to the republican party or blacks went with the republican party, the democratic party. black people left the republican party in about the 28th. black republicans for even barack obama -- i'm sorry, black republicans for barack obama strategic ry omponent of his two terms, electoral landslides and popular vote majority. our student debt. would mr. moore please tell us
projects for getting rid of the projected future, young g future for our people who are debting hemselves out because their parents who have stagnant wages, stagnant wages. the republican party -- there is i think that you are never going to be the majority arty in the context of the broader diverse people. host: thank you, barbara. on hen moore, she touches student debt and the impact on the broader economy. guest: it is a big problem. opinion is the biggest scam in america today is how much our niversities and colleges are charging our middle class families. every university and college spending half of what hey do, especially as we move more and more toward online education. these no excuse for colleges costing $30,000,
$40,000, $50,000. the more student loans we colleges it id to is like a dog chasing its tail. give re student loans we them the more the khepblgs -- tuition. raise you have kids graduating with up to $100,000 debts. it is a scandal and we need to look under the hood of those universities. host: heidi shierholz, student anything else. guest: the caller brought up wages.sting points about when she talked about african-american communities there is something really to talk about there. the black unemployment rate than to be a little less two advertisements -- times as goodas the overall rate in times and bad. the overall unemployment. during the recession and
lack was 16.8% in the great recession. it is now 7.4%. o it is way down but still it is extremely elevated. he overall country had a 7.4% unemployment rate people would see that as outrageous. what we have in the black community. ity is where what goes on federal reserve becomes extremely important to think about. the blacko bring down unemployment rate we really need to have extremely tight labor markets. the other thing we talked about even president trump on his clip mentioned we are still seeing workers on the sidelines. there is still slack in the market. we will still bring down the rate further and the groups that we d to gain the most if bring the unemployment rate down are african-americans. we need to -- the fed shouldn't brakes.n the host: let me throw out this
headline. this job market just report from the recession and men and white people haven't. what are they saying there? -- t: it has been, when you the big story of the liberal market the last 10 years has been the decline in the number working of o are working age. that is a big concern the is the decline in force participation rate and largest is white males a concerning thing and males in general. has emale labor force rate increased and the male labor orce participation rate is reduced. how do you get more in the labor force? we want a tighter market so there are more employers looking hire.ople to one quick thing i say, paul, i do talk it employers all the it is interesting. they say if you have somebody
with a skill, a useful skill they know how to be an electrician or they know how to welder or a nurse you can ind a job in 24 hours in this economy. we need to make sure -- we were talking about college and universities. are graduating after spending $150,000 on a degree and don't have a useful skill. it is a scandal. i like the apprentice idea that and donald obama trump talked about getting a a job.skill to get guest: the apprentice program important.eally it is though important to step back and realize that what we not having a big skills problem in this country when people talk about a skills mismatch. they think of people not having the right skills for the jobs that are available. it is because people have too many skills. the mismatch goes the other way. a ton of people who have
a college degree that are in jobs that don't require their college degree so e have to be careful when we talk about skills training that we are tphnot blaming workers f problems they are facing as far as getting enough skills because in many cases they have thing.e right with if you graduating political science or psychology degree or ethnics studies degree, there's probably not job for you. if you get a job where you have skill, engineering, math, science, doing something where you can be of use to an you can find a job pretty easily. calle host: there is jeff independent indianapolis. caller: mr. moore, i have seen ou on fox and different channels and you have been riting about economics for the years. the last three decades since
reagan was president we have had experiments with economic policy and theory. it seems like the republicans get in control want to push supply side cuts to and give tax the rich to trickle down and baetter.economy keynes ian e the theory has worked. worked.y side has ever what some of the people need to need to have an education on how economics works. like a lot of us don't understand how economics works the things one of that has caused a big divide. obama became president we had this manufacture economic turn and he used keynes iian and that is what saved the economy.
the republicans didn't even want to save the u.s. auto industry. they were going to let it fail. president obama came in and helped save the u.s. auto tens of and helped save thousands jobs. with the federal reserve is what caused the economy to rebound. host: comments. guest: that is a great question. agree with him. we need americans to be more economically literate to economy d how the works. i don't agree with his conclusions. i'm old enough to remember what the economy was 1970's, i was te about 20 years when jimmy carter was president and the economy in a free fall and we had 20% mortgage interest rates and inflation and you couldn't find a job at burger king then. did have it experiment of
reagan only in this case and cut regulations off the backs of businesses and one of the great that in american history lasted -- i will give bill clinton a lot of credit. balance the budget and he was for free trade and we cut government spending substantially. 30 i think that the last years is get taxes low so we are competitive in the world and a global economy and this is the centerpiece of what cut d trump wants to do is business tax rates so factories can come back to the united states. them leave t of because we cannot compete with the highest business tax in the world. host: heidi shierholz. guest: clinton versus george w. thinking od as far as of what the cuts will do, or tax increases. taxes and reased everything thought the world late end and we had the 1990's the most impressive
sinceion that we had seen the end of world war ii. then george w. bush takes office taxes dramatically from 2002 to 2007 on the back of that most sluggish recovery we had seen. ground, work on the that caller was really right. the trickle down economics is not going to work. tax cuts are not the way to spur growth. from culverson, north carolina. republican line. thank you, sir. thank you, c-span. area here areui-state rock's throw from georgia. 70 miles from chattanooga. 100 miles north of atlanta and of asheville. probably at one point had 20
different industries here down, completely shut down, mostly because of nafta. jobs were small clothing manufacturers. a big plant in andrews, north carolina. after down about a week the nafta thing was signed. nd it all went south of a border. to make a long story short just since the election it is has happened.hat om and pop businesses, businesses have just started to soar in the area. a lot of this is probably people thinking that to do the p is going right thing, and i personally elieve president trump has the right ideas and everything. i know he is a type a type of and hard to understand sometimes. you would not believe what has happened with this little
woe f here lately.y i'm excited about it. i'm a small business owner, and has helped me in my little business. five way, i travel about different states in my business and i always go to the local and eateries and there is always a table with the electricals, business people. retired people sit this and riving coffee and talk about politics and various items, different elections and stuff like that. they are all pro trump. even the democrats. i have a farmer about a mile a hillary t was supporter. yard.gns all over his hillary, hillary, hillary, hillary. see him now and since trump
sonny perdue as ing agriculture he said walter i a big mistake voting for hillary. trump is going to do it. you hear in did those -- what did you hear in the comments you want to talk about? i think we are seeing employment grow. we have been seeing employment for many years and we are actually not seeing it grow as fast as it had been growing. in the first six months of added oninistration we average 179,000 jobs monthly. solid number but a slowdown of the first six months same t year so the comparison period we added 208,000 jobs monthly. the economy ing grow. that is great for workers but it is slowing down a little bit. we are definitely not seeing an burst under this administration. if anything, it is a little
muted. stephen moore. guest: i think the numbers refute that. 1.5% in obama as last year and it was economists were saying it is time for another recession because it has been a you are seeingnd it ramp up at 2.6% growth. who has f those people been advising donald trump during the campaign we can get 4%.% to we never got to 3% growth under obama. this gentleman is from north carolina. you want to see the power of tax good welfare reform, north carolina is chose to being fastest growing state today did tax ratey they reduction and another thing they did that was really important we level do at the federal they are requiring people to people to work to get welfare benefits. is no reason able-bodied
people who are getting food , we want medicaid people to be given aid if they to ed but you should have work if you are able to in order to get the benefits. they have done both of those in been carolina and it has an incredible success story. 25 minutes e about left. mike richmond, virginia. republican. caller: it will be hard for me short ress this into a phone call so much has been discussed. first, what i called about was the result of tax rate cuts. i want to say that those of us who believe that cutting the is a good idea should refer to them as tax rate rather than tax cuts. good point. caller: we need two make that a habit. cutting the rate has a
psychological effect on people how to create wealth. bringing into , existence of wealth that didn't is what makes t the ssible not only for rich to get richer but for poor people to have benefits. don't really know how to get that in with a short phone call something to point out. there's been at least three imes where rate cuts on companies and rich people have revenues to the federal treasury. it happened during the kennedy administration administration. and if anybody ever wants to and business nedy that would make a great program. it happened during the reagan administration. and it happened during the bush administration. during the 2000's
in de reading the articles no less a liberal outlet of "new the experts were how surprised unquote at much additional revenue was coffers as a he result of the rate decrease and paying individuals were far more in taxes once the rates went down because they were able realize greater gains and thus they had to pay more taxes rates.e gains at lower host: mike, i will let you go but let's hear from heidi first on what you heard from that caller. articulated the theory really well that if you increase it will revenue but it is an empirical this lapsbout whether and that is not what happens on
the ground. is look at example the 2012 tax cuts that went kansas. in the governor cut taxes ramatically so there is a nice experiment for what happens and what we can expect if we federal taxes at the level. kansas grew more slowly after and ax cuts than before more slowly than surrounding states and revenue was much, lower than what they had been expecting to get with the tax cuts. was a real repudiation. you did a good job of saying theory ret economy what could we see it in practice you don't see that nice trick down. boost the actually economy is get money in the hands of people who will spend the hands ofney in regular people so increasing the minimum wage, make sure people access to overtime
protection and we have good nforcement of labor standards so that people's wages are not -- most unscrupulous employers are scrupulous but we ee it by unscrupulous employers. that is what will matter to growing the economy. stephen moore let me play stebe nao enator brought the economy the importance of dealing with the trade issue. back. listen and come >> if you are working in a or on your arm phone, you should have the confidence that our country and our trade laws work for you. you should have the confidence exporting our products and not our jobs. for aat's not the reality majority americans. for too many american workers businesses, the rules are rigged against them and that
has to change. are working harder and longer than ever but their in a race down to the lowest wage in another part world. our workers deserve a raise up wages that allow you to raise your family and have a good life. today. why we are here offering a better deal on trade and jobs. in muichigan i know our works, manufacturers,s, farmers, can compete with anybody in the world if we have field.l playing and that means creating a trade laser tor who will be focused on going after countries theirhina that manipulate currency which is cost us five our on jobs, steal technology and cheat with unfair trade practices. passing our bring jobs
loophole o close the -- incentivizes overseas.to take jobs that is an interesting clip because you know who that sounded like? donald trump. he made a lot of those points on the campaign trail. i happy to actually disagree what was just said. i always told donald trump, i worked with him during the i'm a free trade guy so i don't agree on free trade but me make a point that is important. to have good jobs in the united tates you have to have healthy businesses. there's an old saying you can't an a good job without employer. the idea of the tax cut that -- big timeed beg is the united states has the highest business tax rate in the world. statutory rates and effective rates. that doesn't work for america.
it is one of the factors that is leading to businesses like johnson controls leaving the united states. inas in ireland recently and some of the cities there and it all of these american countries are located in aoeurldz. ireland?- they have a courporate tax rate 12.5 and we are 40. why don't we bring our tax rate we and i believe if we do will see a reverse situation where the jobs and factories come back. host: heidi shierholz. true.: that is not we have the highest statutory and not effective rates. loopholes and ny that businesses in the united pay very t actually similar taxes to peer countries effectively. that was the effective marginal
tax rate. what we know is there are a lot lot of ways and businesses pay were less. we agree we k should get rid of those. host: john an independent caller tampa. caller: you look at how strong economically class and how large. you look at the mean wage and look at a trade deal the proof is in the tasting. deal creating a deficit or surplus. billion early an $800 annual trade deficit and we have things any company that creates supply chain a huge tax re gets cut and we can create tariffs sending goods in the country and create a trade surplus with that country. trade deficits with every country we have a deal
with after bill clinton signed and a half that and they have used that as a template and eliminate the medicare deduction on income because if a person makes a dollars a year they should pay their fair share because the government is to ding a will the of money make the billions. john. the ideas from heidi shierholz. guest: i would -- a couple of important ught up points on trade and what we have seen there is a case where i a lot of agreement with president trump in terms of what e had seen as trade deals in the country had protected corporate interests while workers to fierce competition around the world. that is the way our trade have been organized. until we can do trade agreements n a way more balanced we need to hold off. president trump did an executive got in office saying we are not going to do
t.p.p. -- it was already e.o.before he put out that but it is really important that when we do trade agreements is more ward it balanced instead of protecting exposing profits and our workers to fierce competition. trade person ree and i think it has helped american consumers. is true i think what trump will do, what i hope he if we are going to, like china, if we are going to markets to you you have to open up your markets to us nd that hasn't happened enough in my opinion. we should use leverage to make countries like r?na and independent a lot of our
technology. the trumpe numbers on campaign and we believe hundreds of illions of dollars american goods are being stolen by the chinese. we send stuff over and they out how to do it and don't pay us for developing them. so we need to be tougher and they are buying our products. host: martha on the line .ndependent caller caller: thanks for taking my call. i'm calling on the end line and i'm actually not affiliated with any political party. ut i do lean toward the having an mindset of less to do with government, less on the government and entreprene entrepreneurshi entrepreneurship, you know,
position. the problem in the united states right now is we have all f these big box stories and restaurant chains, so people start are not able to heir own businesses and compete. that is one thing that no matter that is resident is, just stopping people altogether. to other quick note i want parents, at mike my they are black people and from small towns in the south. dealt with they discrimination -- because they are a little older, they grew up during the depression -- was investing. and people don't realize that you need is $1,000, $3,000, invest. we need to get into a mindset of th that, like not living paycheck
to paycheck. host: stephen moore. caller. like this for young people watching anyone you 35, start saving when are young. i think it was albert einstein force in ost powerful the universe is compound interest. that is why heidi and i agree. of americans are invested in the stock market. the average return on the stock day the tphornew stock is exchange has been 6% or 7%. nice retirement income by starting to save at a younger age. i loved her emphasis on entrepreneur ship. that is what america is all about. i love when young people start a new business and we need more of that. news is business start-ups have started to rise. guest: i have a couple of comments. i couldn't agree more it would be great for people to save.
you winds up e if hour ne it is $17.86 an for a full-time worker. that is $37,000 a year. wages, incomes are so low that love to be would ble to save they are living paycheck to paycheck not by choice but that is what the with market is delivering our eroded labor standards and unionization. we need to boost them so people can have the income they need in to be able to save. and can i say one more thing? one thing that shenanigans that he administration has engaged in is what is known as the fiduciary rule. sounding name but just says financial advisors have he doctor and lawyer to act in your best interests.
they can't do things like steer investment that gives them a higher rate of return but gives you the -- sorry -- gives the advisor a higher commission or the investor the lower rate of return. white d is within the house kill this is one of the top priorities. that fiduciary rule is trying to kill that is sort of -- this dministration is saying while they said they were working in our best interests and say they easier forto make it the financial industry to not have to act in your best interests. that is one thing, we need that fiduciary rule in place and make it easier for people to save. host: edward on the line from williamstown, new jersey. what is on your mind? caller: i have a couple of comments. all, is there a when trump between came into office and the tremendous amount of confidence
the t out there for business community in regards to , or tax rates, likehe boom in the economy the gentleman a few callers back the three-corner area of the state a lot of mom up.pop stores popped and the other thing i would like to mention i agree with the are about the investments. be it -- to me there has to a confidence in the business because that's the only way people will grow and expand a business. they feel they are going to be taxed and taxed, then go outeneurs will in the there to did will not go out there to start a business only o give the money to the government. guest: well said. i agree with everything that gentleman said. you can't have jobs without
businesses. paul, when youis, talk about the shift in the economy under trump i think that thing has couraging been this boost in confidence. you see it in consumer onfidence and national federation of independent business which represents tens of thousands of small that the index of confidence of small businesses has hit an all-time high. confidence is a fickle that is why we need to tax cut because confidence is business tax will come down and when i talk to if you women and men get this tax cut what will you o with the money, 75% of them will say i will reinvest it in my business and we will hire more orkers and pay them because heidi and i are more on the same side of we want american workers to be paid more. i want every american to get a raise but you can't do that if ou don't have businesses that are hiring.
people say they will get the tax cuts why are they now?ting corporate profit respect at investment is nd low. they may want the tax cut because profits will go up if go down and they have an incentive to say i will plow that back into the economy. we need they are sitting on money right now. investing it?ot we need to make sure consumers have the money to generate for goods and services. a healthy economy we need healthy businesses. enough who have high income that can spend generate demand. take one more call and we promised to get you out of here. gloria, bowie, maryland. democratic caller. thank good morning and you for c-span.
i'm no long per bowie i'm a message one shelter i have been homeless i'm perfectly but fine. to the is just the climate we are in now in america and i you with my story but preacher 80-year-old lady was the victim of an environmental climate we have known until this dministration came on the scene. mrs. sherrell a hug so important to talk about where we are. a way -- and i'm a i don't stice advocate even have a job. i love about america is if you care about people you can still make a and that is my
commitment. him ve to find a way to people from the bottom up. e cannot give the corporate merica another opportunity to rob the needy at the expense of the greedy. ost: thank you for calling, gloria. let's get a final comment. guest: gloria, you are right. we need people to have higher we know how to do it. we can boost labor standards and inimum wage and make sure people get overtime protection and we are enforcing the laws get to have so people cope the wages they have -- keep the wages they have earned. things we can do to help make our economy more air and i wish you the best of luck. uest: i always enjoy being on the show. thank to you c-span. wage.rst job was a minimum i worked for $2.10 in a
warehouse. to make sure if we raise the minimum wage we don't to it starter that destroys jobs because that is one of the most important jobs you have. we raise minimum wage at least have a teenage of $6 or $7 so people can get the "60 minutes." host: stephen moore and and author and visiting fellow at heritage. a former shierholz is chief economist for the department of labor in the obama administration and currently director ofmist and policy at economic policy institute. hanks to both of you for joining us. we have a little more than an hour left in this monday edition "washington journal." when we come back we will talk about the fact that for the first time the federal has put a price tag on the efforts to combat isis. go through the numbers with charles johnson and take more calms. be right back.
>> c-span where history unfolds daily. 1979 c-span was created as a public service by america's television companies and is brought to you today by your satellite provider. tonight on the communicators we conference lack hat in las vegas with jeff molten stevenson national center for security research and training at louisiana state university. hospitals are being impacted almost detail. the federal government. industry, banks whacked almost
daily. we are not going to eliminate stress. we have to learn to live with it. never eradicated the flu virus. we learned to live with it. do certain things when you know you are exposed. the flu is going around you get and isolatover from those that have the flu. there are measures you take in physical world that are needed in the digital world. communicators on c-span 2 at 8:00 eastern. >> "washington journal" continues. host: on most mondays we take a look at your money and how it is being spent by the federal government. joining us today is charles johnson of the government office.bility he is the international affairs and trade managing director. us.nk you for joining . thank you for having me. host: the topic is isis. a report ut together on how much money i