good evening. i'm erin burnett. out front tonight, a greek collapse. literally. the greek finance minister just hours before he was to be sworn into his new role, it's a crucial role, fainted. it was a depressing visual for a country that is trying with a brand-new government to keep its economy from entering a black hole. the greek leader's collapse kept him from going to the highly anticipated euro 2012 soccer match today. greece took a shellacking from germany. germany was favored to win. the bookies only gave greece 17-2 odds. so the outcome was predictable. sort of like the break-up of the eu. italian prime minister mario monty warned today of the apocalypse. saying there is only one week left to save the euro zone. that's after the leaders of germany, france, spain and italy met today, to once again say we're going to do whatever it takes to strengthen our monetary union. the problem is they talk a lot and they don't do much. they have not done that yet. no one expects them to do anything soon. it will be of magnitude enough to solve the crisis. what is the obsession with keeping europe together? does it add up to more trouble than it's worth? we've been telling you "outfront" for weeks that the financial price tag to bail out europe could be as much as $6 trillion. that's according to several analysts. $6 trillion would be about eight t.a.r.p.s. does anyone think greece or spain will pay all the money they have borrowed back, ever? heck, does anyone expect the united states to pay our dealts back? we have a debt crisis around the planet. europe, maybe it's time to grease the wheels and break up, even though it's hard to do. after all, the eu has only been around since 1992. theyont currency in 2000. it's not hard to imagine life without it. sure, it would be horribly painful. it would be a terrible break-up. but it might add up to less pain than forcing a union that simply can't cut it. "outfront" tonight, the president of the american action forum and former director of the congressional budget office. great to see you as always. >> miss erin. >> what's the issue here, is europe in denial? >> i think so. you know, the real obsession with keeping the union together is a political obsession. it is a deep belief that as individual countries, european countries will not have a big influence on international affairs. by holding the union together, they hope that they can remain a force in the future of global affairs. the trouble is, the economics don't add up. and they don't have the money to make it happen. >> yeah, i know that number, $6 trillion, is -- i mean, very smart people have put it out there. but other people say it will cost a lot less. even a lot less is $2 trillion, $3 trillion. this is an incredibly huge sum of money. it's pretty fair to say, right, that a lot of these countries are not going to pay it back, ever? no matter whether it's euros. >> yeah, no, it's quite clear greece will not repay all its debts. they've told private sector lenders to get ready for a so-called haircut which means you're not getting all your money back. the real problem has been that early on it was clear that greece needed a big check. and -- to keep them in the union. and they were unwilling to write that check. by kicking this can down the road for quite some time now, the check's gotten bigger. portugal's in trouble. spain's in trouble. unless they take decisive action, next week's summit is going to be a disappointment. >> what's going to happen? is it inevitable? i'm sure there's days where they say, look, we're going to give european deposit insurance and everyone's going to cheer and markets around the world will surge. that would be a great day. a few days later, they'll do something that isn't perfect and markets will plunge, right? so is it inevitable that they lose this fight? politically commit to it now but they're going to lose? >> they have two different problems. they're related. one is their banking system, which has real serious problems with lack of capital and, now, people insecure about it and taking the money out. you might make the european central bank the chief regulator and allow it to provide deposit insurance and do some things to shore up the banking system. that wouldn't solve the fundamental noncompetitiveness of the greek economy or the portuguese economy. and the fact that their debt burdens are too high for them to ever realistically pay off. so they can perhaps make some headway on one problem. but they're not going to solve the sovereign problem at all. >> so, doug what is the bottom line? the other thing is of course bill gross has been talking about, look at france, france has problems. a lot of the -- off balance sheet. the way i like to say it is hiding loans from the rest of the world. germany hase s thathat. i'm not saying the countries are in the same sort of spot but there's issues everywhere. i mean,going to eventually be more painful for the united states, given our tight ties to europe, for them to stay together or to muddle along and either desperately get it together at the end or break up? >> i'm deeply concerned about that. in addition to france, spain, it turned out, had all sets of regional dealt debts no one kne about. if the clock ticks and the break-up is very disorderly, we know what happens. european growth goes away. that hurt us. the european banking system becomes suspect. our overseas business gets hurt. if investors will wide panic, there's simply no good news. there's some real risk not just for europe but for the global economy. >> bottom line, doug, could they say, swallow their pride, because that really seems to be what it's about, swallow their pride and come up with a set of rules to break up, an orderly break-up, is it possible? >> the sooner they announce what they're going to do i think the better. they could have a disguised break-up where they have essentially two euro, one for the noncompetitives, the other for the northern economies. the status quo is unsustainable and they need to acknowledge that. >> thank you very much. see if they put politics aside and do what appear to be the right thing. still "outfront" with big cuts in america's defense coming, lawmakers are getting cold feet. will they rise to be heroes or are they just not mature enough to make the big decisions? that's how my mother used to say that word when she was mad at me and i hated it. that's congress' words, not mine. john boehner warns republicans. are they about to get a huge political win? and then, that's a clown question, bro, but it's also potentially a big moneymaker. (phone ringing) good afternoon. chase sapphire. (push button tone) this is stacy from springfield. oh woah. hello? yes. i didn't realize i'd be talking to an actual person. you don't need to press "0" i'm here. reach a person, not a prompt whenever you call chase sapphire. [ male announcer ] aggressive styling. a more fuel-efficient turbocharged engine. and a completely redesigned interior. ♪ the 2012 c-class with over 2,000 refinements. it's amazing...inside and out. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. our second story "outfront." a new ruling tonight on president obama's health care reform law? >> had a brief moment of celebration because the supreme court ruled obama care is unconstitutional. don't think the fight is over, because it isn't. >> the problem is is the supreme court actually didn't make a ruling yet. and isn't expected to make a ruling on the president's health care bill till next week. now, the man you saw there was richard murdoch, the indiana republican nominee for the u.s. senate. getting a little bit "outfront" of the decision, the ad was posted on his website temporarily yesterday and then removed, maybe, because house speaker john boehner warned republicans not to do any touchdown dances for fear of looking inconsiderate while americans struggled to pay for health care. if the court strikes down all or part of the president's health care reform law, there will be no spiking of the ball. james carville, rahim saleh are with us. there is still premature celebrating going on. >> yeah, think that's deeply unwise. i think that as a policy matter, i might be sympathetic to the idea that the mandate really stretches the constitution. but what people have to understand is the individual mandate piece was the way that president obama tried to win over the health insurance industry. there are a lot of folks who believe if this goes down, an equity analyst at barclays confide capital said health insurance stocks would go down by as much as 30%. this sent shockwaves through the system. before we get too quick about this, recognize the health insurance industry has tremendous power and influence. they're going to be disappointed if the mandate piece of it is unspooled. >> i find it hard to sympathize. most americans do. >> absolutely. >> james carville what do you think, though? obviously, the american public hugely divided on the health care bill. 51% say they'll be unhappy if the entire law is left in place. i mean, deeply split when you look at the american people. so if it's struck down, is this an opportunity for the president to motivate his base and say, look, he needs us now more than ever? >> that's kind of a question. why do we think if they strike it down 5-4 that's going to be a good thing for republicans? i don't necessarily believe that. it may. once this thing hits, these numbers are going to change dramatically one way or another. i've always said, look, from a strictically political standpoint, i think a 5-4 decision striking down individual mandate, which would probably mean a whole -- the whole bill would become unworkable, then the republicans own the issue. i think it's a good bill. trust me, policywise, i agree with the bill. politically, 5-4 decision against the democrats, i don't know why anybody would want to spike the ball if they're republican. i'm not sure that's very good politics for them. >> why? go ahead, james. why wouldn't it be? a win's a win. >> well, no, it's not. first of all, it looks like it's a deeply partisan thing. second, a lot of parts of that health care bill are really popular to people. it's going to look like -- and people don't like the idea of the supreme court overturning an act of congress. it may be a win. i'm just saying i'm not certain that it is. i tend to think a 5-4 against would actually help the democrats ever so much. >> he's got a good point. in terms of it would be perceived as partisan. the democrats certainly could make the argument. >> look, i think that democrats who take that view, for example, president obama's tried to campaign against citizens united, for example. there's a small number of progressive democrats who pay attention to such things. the question is will there be a larger number of independents or swing voters who are going to say wow the president devoted a big chunk of two really big critical years to passing this law. and it uturns out it's unconstitutional. what many people will say is the house law was far more bulletproof in constitutional terms than the senate law. after scott brown was elected that complicated the politics of it. they had to scramble through to get through a senate bill that was really problematic. that's what a lot of folks on the hill will tell you . i think that's one thing you can say. he didn't think to make this bulletproof. i do agree with james, though, this is not necessarily a slam dunk for republicans. it really means chaos. it really bheens things could move in all kinds of different directions. >> is there something to be save about rahim's point? that some will say, you spent two years on this and we're here and you could have spent the time on something economic? bring that frustration back? >> number one, the supreme court has held since they've been pulling. secondly, it's a 5-4 thing. citizens united has had a lot to do with. look, if this thing is knocked down 7-2 that's another result. i think it's going to be received differently. if it's 5-4, five republican judges knock it down, i'm not sure that people are going to say it doesn't matter what obama's going to do, they're just going to be against him no matter what. i'm not positive that that is, but that is one result that could happen. again, you have the supreme court overturning an act of congress. which to some people that's not going to sit well. >> -- any number of outcomes, right? it could be that independents are going to think, gosh, this is yet another sign of a failed presidency. you could be very right. people could focus on the supreme court. >> i'm not -- understand what i'm saying. people just saying it is not a given a 5-4 against hurts democrats. it may. i'm just saying it's not a given. we shouldn't assume. >> i agree with you completely. it could motivate donors. in a way that winds up being useful. >> the bottom line, america knows we have a major health care problem. an ap poll today says 77% of americans if this bill is struck down wants congress to go back the next day and start working on a new health care bill. interesting point. still "outfront," what does this make you think of? [ "deliverance" them playing ] why the impression of one georgia town doesn't add up. then -- >> i'm not answering that. that's a clown question, bro. >> that young ball player may have hit a home run with that answer. in here, heavy rental equipment in the middle of nowhere, is always headed somewhere. to give it a sense of direction, at&t created a mobile asset solution to protect and track everything. so every piece of equipment knows where it is, how it's doing or where it goes next. ♪ this is the bell on the cat. 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[ male announcer ] make the switch. take action. take advil®. and if pain keeps you up, sleep better with advil pm®. our third story out front, "deliverance." the movie that made dueling bangos a household tune is turning 40. [ "deliverance theme playing ] ♪ the film follows four friends on a canoeing trip that turns into a terrifying struggle to survive. it was shot in northern georgia and sparked a tourism boon for the whole area. it also painted local residents as backward, nsophisticated and inbred. martin savidge went back. >> reporter: every year, hundreds of thousands of people come to north georgia, thanks, in large part, to the movie "deliverance." >> essentially started the whitewater rafting industry in the southeast. >> reporter: annually, tourism brings in $42 million to the area. when the movie was made, it brought cameras and excitement to raven county. many locals signed up to be extras. only to be horrified by what emerged from hollywood. the infamous "squeal like a pig" male rape scene was especially shocking here in the heart of the bible belt. 40 years later, there's still anger. >> we were portrayed as ignorant backward scary deviant redneck hillbillies. that stuck with us through all these years. in fact, that was probably the furthest thing from the truth. >> reporter: he's right. raven county is actually a second home to many wealthy southerners. >> this would be a dream come true. >> reporter: the average house cost $2 million to $3 million. this one, nearly $10 million. >> when people build houses and they come here, they need art on their walls. >> reporter: the area has dozens of trendy gaeries. raer than toothless sociopaths, more than 80% of the county's residents are high school graduates. >> my show starts -- >> reporter: actor ronnie cox who played drew is sympathetic. >> there are a lot of people, that became a really tough pill to swallow. i think some people missed the artistic essence of it, the value of it. >> reporter: and then there's billy redon. you remember him. ♪ you think if anyone would be angry, it would be billy. he's not. and he can't understand, after 40 years, why others still are. >> i think they just need to just let it go and let this be a movie. that's all it is, just a movie. >> pretty amazing. i know, martin, you were saying the weird thing is, he didn't even play the banjo in real life. you've got the 40th anniversary. how are locals reacting to that? happy or angry? >> reporter: you know, it depends who you talk to, erin. there are still some people you can talk to here, that movie still brings some real pain. when they tried to pull together the funding for the festival, they were afraid they wouldn't be able to do it because of the emotions that are running here. but it's going ahead. in fact, tomorrow night, they're going to show the 40th anniversary version of the movie "deliverance." we'll let you know how it goes. >> i'm looking forward to it. thanks so much to martin savidge. okay, this is bryce harper. show you who he is. good looking outfielder for the washington nationals. earlier this month, he was in toronto for a game against the blue jays when a reporter asked him if he planned to enjoy any canadian beer while he was there. harper, look at this guy, i mean, come on, can't you tell he's a mormon who doesn't drink? he responded like this. >> i'm not answering that. that's a clown question, bro. >> maybe it's just the delivery, too. it's a clown question, bro. the phrase quickly went viral. dozens of people posted that clip on youtube. now more than 1 million people have looked at it. even senator harry reid used the line during a press conference. >> i don't want to answer that question. that's a clown question, bro. >> fellow mormon. of course people are trying to cash in on the line's popularity it the nationals are in colorado on monday. and so this is actually pretty cool. we can exclusively unveil this. the denver beer company releasing a limited edition of clown question canadian las vegas lager. there are a ton of shirts. this is why i love america. look at all these entrepreneurs. we got all these "clown question, bro" shirts in two days. this is crazy. that brings me to tonight's "number." 86 -- not 876. okay, 85651210. got it? really important. it's the serial number of the trademark registration for, quote, that's a clown question, bro. on june 13th, the day after bryce harper first used the phrase, his quick thinking attorney went online and paid $320 to trademark the phrase. that attorney should get a raise. that is impressive. which means now if you try to use the phrase on any sort of apparel without permission, bryce harper's lawyers will have some tough questions for you. and there's nothing funny about that, bro. all right, ahead tonight, a member of congress says his colleagues are not mature, mature enough to solve this country's financial crisis. another member strongly disagrees. comes out front. and the jerry sandusky case. the jury comes back over and over to ask the judge questions. whwhatat m makakeses t thep nunumbmberer s stotorere d ? yoyou u wawalklk i intna coconvnvenentitiononalal ms ststorore,e, i it't's s r