let's bring him back in, former omb director and constitutional conventionist, david stockman.e amendment right here jimmy williams and, of course, karen and susan to make sure we haven't all lost our minds. this guy here, howard schultz, is saying the same thing we're saying. right? >> yeah. >> is it a good idea? i mean, is he at least wushing in the right direction? >> he is pushing in the right direction, particularly though, part of our discussion from last week. nobody should be off the hook. it's not just about the president. it's not just about the congress. it's about all of them. no one should be off the çhook >> us. >> we shouldn't let ourselves off the hook. >> a constitutional amendment from them. >> i always go to, until there's political consequences there's not going to be change. part of the political consequences is we vote differently. we call them and say we're not going to vote for you. that's one. if the big donors say we're not going to give you money until you people show you can sit in a room and get something done, that's another. >> what if again, tho

pauline choiu for that question to david stockman, a former u.s.dget director under ronald reagan. >> i think it's actually the worst possible outcome because it neither seriously cuts spending nor does it even dress the desperate need for more revenue. the republicans have been making a big deal all afternoon about the spending cuts, but $750 billion over ten years, let me tell you, is a rounding error. it's one half of 1% of gdp when the deficit gap is 10%. so it doesn't even begin to address the problem. furthermore, it's backloaded the spending cuts so far into the disstalkt future you can't each see them in the fall. it only cuts $25 billion in the next two years. most of the cuts, $500 billion, occur in 2017 and beyond, which is to say not only after the next election, but after the 2016 election as well. so the question is who are they trying to fool? this isn't real. this isn't spending cuts. and yet they stand there and say we don't have to have revenue because we've cut spending when we haven't. on the other hand, i think the president fo

that is from david stockman today who was ronald reagan's budget director and he joins me from aspen,r. stockton, why don't you say how you really feel. >> well, you know, the way i feel is that we shouldn't be

david stockman, thank you very much. appreciate it. >> thank you. >>> up next, we go the kate bolduan for the latest in the breaking news from congress tonight. make sure you stay with us. woman: day care can be expensive. so to save some money, i found one that uses robots instead of real people. 'cuz robots work for free. robot 1:good morning... robot 1:...female child. sfx: modem dial-up noise woman: flaws? yeah, um, maybe. anncr: there's an easier way to save. anncr: get online. go to geico.com. get a quote. 15 minutes could save you 15% or more on car insurance. handle more than 165 billion letters and packages a year. that's about 34 million pounds of mail every day. ever wonder what this costs you as a taxpayer? millions? tens of millions? hundreds of millions? not a single cent. the united states postal service doesn't run on your tax dollars. it's funded solely by stamps and postage. brought to you by the men and women of the american postal worker's union. if you think even the best bed can only lie there... as

i was talking with david stockman yesterday from the reagan administration about this amendment, which he was very much obviously in favor of, but what we were saying was this -- even if we got 100 million of together on the internet and were able to do it, which i honestly think we can considering we both outlawed and legalized drinking with amendments, i would think we could do this, but beyond that, even if we pull this off, getting the money out of politics is the beginning. that's not the solution. that is like getting the alcoholic to stop drinking so we can deal with his broken home and lost job. correct? >> no question. but there's so many legislators, in my time as mayor and gover r governor, said, gosh, if we could vote in secret, i would vote for your proposal, because i know it's the right thing to do, but i can't do it. the other side will raise money on it and will kill me. that's why it's so important, so important to get the influence of money out of politics, because if you get the influence out of politics, we could get people who will vote their conscience, and i thi

. >> that was former ronald reagan budget director david stockman.'s go to meteorologist bonnie schneider live in atlanta who is tracking tropical storm emily on one hand an very hot weather on the other. what's the latest? >> the latest is the center of circulation of emily continues to churn, not much of a change since our last report. the center is 180 miles southeast of santo domingo, movement to the west-northwest at 14 miles per hour. adds you see, the track changes are ahead. the center will move across is pan nola and into the southeast bahamas on thursday. it's working its way to the east of the u.s. coastline. that means everyone on the eastern seaboard needs to be prepared and make sure you have a hurricane plan in place. if you're traveling today, expecting major delays in washington, d.c., philadelphia, some lighter delays in new york city, denver, orlando. of course the fog can slow you down in san francisco. another hot one, big-time heat advisories for the mid south. cities like memphis, into tulsa, dallas, heed indices climbing up to