Well we don't actually need inspect here.

>>> func = lambda x, y: (x, y)
>>> 
>>> func.__code__.co_argcount
2
>>> func.__code__.co_varnames
('x', 'y')
>>>
>>> def func2(x,y=3):
...  print(func2.__code__.co_varnames)
...  pass # Other things
... 
>>> func2(3,3)
('x', 'y')
>>> 
>>> func2.__defaults__
(3,)

Essentially, I'm trying to work out how to, from within a function, get a completely populated *args and **kwargs, including the function's named parameters.

How about saving the arguments via locals() at the beginning of the function?

def my_func(a, *args, **kwargs):
    saved_args = {**locals()}  # Updated to make a copy per loco.loop
    print("saved_args is", saved_args)
    local_var = 10
    print("saved_args is", saved_args)
    print("But locals() is now", locals())
    
my_func(20, 30, 40, 50, kwarg1='spam', kwarg2='eggs')

It gives this output:

saved_args is {'a': 20, 'args': (30, 40, 50), 'kwargs': {'kwarg1': u'spam', 'kwarg2': u'eggs'}}
saved_args is {'a': 20, 'args': (30, 40, 50), 'kwargs': {'kwarg1': u'spam', 'kwarg2': u'eggs'}}
But locals is now {'a': 20, 'saved_args': {...}, 'args': (30, 40, 50), 'local_var': 10, 'kwargs': {'kwarg1': u'spam', 'kwarg2': u'eggs'}}

Hat tip: https://stackoverflow.com/a/3137022/2829764

You can use inspect.getargspec() to see what arguments are accepted, and any default values for keyword arguments.

Demo:

>>> def foo(bar, baz, spam='eggs', **kw): pass
... 
>>> import inspect
>>> inspect.getargspec(foo)
ArgSpec(args=['bar', 'baz', 'spam'], varargs=None, keywords='kw', defaults=('eggs',))
>>> inspect.getargspec(foo).args
['bar', 'baz', 'spam']

In Python 3, you want to use inspect.getfullargspec() as this method supports new Python 3 function argument features:

>>> def foo(bar: str, baz: list, spam: str = 'eggs', *, monty: str = 'python', **kw) -> None: pass
... 
>>> import inspect
>>> inspect.getfullargspec(foo)
FullArgSpec(args=['bar', 'baz', 'spam'], varargs=None, varkw='kw', defaults=('eggs',), kwonlyargs=['monty'], kwonlydefaults={'monty': 'python'}, annotations={'baz': <class 'list'>, 'return': None, 'spam': <class 'str'>, 'monty': <class 'str'>, 'bar': <class 'str'>})

inspect.getargspec() should be considered deprecated in Python 3.

Python 3.4 adds the inspect.Signature() object:

>>> inspect.signature(foo)
<inspect.Signature object at 0x100bda588>
>>> str(inspect.signature(foo))
"(bar:str, baz:list, spam:str='eggs', *, monty:str='python', **kw) -> None"
>>> inspect.signature(foo).parameters
mappingproxy(OrderedDict([('bar', <Parameter at 0x100bd67c8 'bar'>), ('baz', <Parameter at 0x100bd6ea8 'baz'>), ('spam', <Parameter at 0x100bd69f8 'spam'>), ('monty', <Parameter at 0x100bd6c28 'monty'>), ('kw', <Parameter at 0x100bd6548 'kw'>)]))

and many more interesting options to play with signatures.

You can use locals() to get a dict of the local variables in your function, like this:

def foo(a, b, c):
    print locals()

>>> foo(1, 2, 3)
{'a': 1, 'c': 3, 'b': 2}

This is a bit hackish, however, as locals() returns all variables in the local scope, not only the arguments passed to the function, so if you don't call it at the very top of the function the result might contain more information than you want:

def foo(a, b, c):
    x = 4
    y = 5
    print locals()

>>> foo(1, 2, 3)
{'y': 5, 'x': 4, 'c': 3, 'b': 2, 'a': 1}

I would rather construct a dict or list of the variables you need at the top of your function, as suggested in the other answers. It's more explicit and communicates the intent of your code in a more clear way, IMHO.