The political drama is escalating in Washington as President Obama and House Republicans continue their debt ceiling standoff over the president’s insistence upon raising taxes. What really happens if a deal is not done by August 2? What legislation is California Rep. Tom McClintock proposing to make sure the government does not default if no agreement is reached? And what does the possibility of no Social Security checks tell us about the trust fund that supposedly shores up the program for more than 20 years? We discuss it all with Rep. McClintock, who also explains his efforts to eliminate more than three billion dollars in what he calls wasteful energy subsidies.