We are now less than a month away from the August 2 deadline issues by the Department of the Treasury to address the debt ceiling. Despite pressure from President Obama last week, Congressional Republicans are firm in saying they will support no tax increases of any kind. So how will lawmakers get past this impasse on taxes? Will America really go into default if nothing is agreed upon by early next month? Why is President Obama guilty of demagoguery on what will be eliminated if the debt ceiling is not raised? And are the American people really ready to embrace some budgetary upheaval in order to begin real fiscal discipline? We ask Georgia Rep. Tom Price, chairman of the House Republican Policy Committee and member of the House Budget Committee. Rep. Price also explains why he is not in favor of a short-term debt ceiling extension in order to buy time for a more comprehensive deal.
