congressman peter welch joins us now from capitol hill.you talk about just what this act would make transparent? >> pretty basic information. how much of taxpayer money is being spent on intelligence gathering activity. the topline number. there is not just the nsa and cia, we have 17 different intelligence gathering agencies. those budgets have exploded. they are up over 50%. going have any oversight whatsoever, you have to know what the budget is. in fact, the 9/11 commission advocated this. somebody with solid credentials on national security is a strong proponent of letting the taxpayers know how much is being spent. think about it. if you had 16 different government agencies administering the food stamp program on a secret budget, how would you know where they were court manning or not, uplicating -- cord ordinating or not, duplicating? >> you've called for ending the gag order on private companies in terms of their role in disclosing private information. can you detail that for us? >> these telephone companies through the fisa court

for privacy and continue to work on privacy and data security legislation and co-chairing with peter welch out of vermont the privacy working group in the house i have to tell you what was done with what he has released through the n.s.a. i think that it has it is. he should be punished for that real clear politics recently reported that you are destine was woman but one plans to test the waters for a possible presidential run in two thousand and sixteen many troops. i know i actually was up in new hampshire for freedom fest and i think i was the only female and vidana other than kelly ayotte who is their senator as they are and does a remarkable job and so from that pardon me some people thought i was testing the water i was actually testing some issues that i think we should be more outspoken on and some things that we should get to work on first of all all that republicans have done for women some of the educational issues some of the opportunity issues that we should be expanding every day for people here in this country as we fight for freedom and free markets and free people do you t

peter lynch? >> fine. but he had his way earlier than cnbc. >> i think buffett, wealth creation. he created a lot of weighing the, as did jack welchvalues. i think just the way he has spoken about it sort of governs the issues. >> bogle too. >> win of the things i remember buffett saying, and you probably remember when he said it, he was going to tell his wife to leave all the money he leaves to her, to put it in one of jack bogle's index funds. >> the letter to shareholders came out in march. you can do it the way jack bogle has invested. >> sandy weill is more controversial. >> with coke, do as i say, not as a do. has he ever paid a dime in taxes? here's your moral person that says the rich should pay more taxes yet he doesn't pay them himself. >> i think he's a moral guy. we're going to talk to him. >> we can. >> coming up, much more. r the c. the conditions in new york state are great for business. new york is ranked #2 in the nation for new private sector job creation. and now it's even better because they've introduced startup new york - dozens of tax-free zones where businesses pay no taxes for ten years. you'll get a warm