As one of our more than 6.9 million FreedomWorks activists nationwide, I urge you to contact your representative today and ask him or her to support Representative Tom McClintock’s Default Prevention Act, H.R. 692. This simple, common-sense piece of legislation would remove any possibility of defaulting on our national debt in the event that we reach our statutory debt limit.

The ever-shifting horizon on when the federal government is scheduled to reach its borrowing limit has most recently been set at November 3rd, just days after John Boehner is scheduled to resign his office. What this means is that no new leadership will save us from yet another increase in the debt ceiling, although there will always be a principled few who will want to resist.

Treasury Secretary Jack Lew is reporting that Congress only have until November 5th before the federal government hits its borrowing limit, an earlier date than most analysts were predicting. This can be expected to prompt the perennial debate about the nation’s debt and what, if anything, can be done about it.

In a press conference today, Speaker John Boehner tried to sell himself as a true conservative, touting his supposed reforms and lamenting that there was only so much he could do with a Democratic president in the White House. Oh, cool. So if we get a Republican in, Boehner will suddenly turn around and be super-conservative, right? Too bad history tells a different story.

Appreciate the thought.

Capitol Hill Update, 10 February, 2014House & Senate/Schedule: Both chambers are in session this week.  Both will recess on Wednesday and leave town through the 24th of February, unless an agreement is reached on the debt ceiling.

When Washington raised the debt ceiling this week, the Beltway media breathlessly reported that the fiscal crisis had ended. Lawyers danced in hallways, bureaucrats twerked on the Metro, congressional aides kissed strangers in the streets — the Tea Party has been defeated! It was like VJ day for wonks.

Congress made President Obama a temporary king the other day. And the crown was placed upon his head by none other than the Senate's top Republican, Mitch McConnell. No joke. On October 16th, Congress passed, and the following day the president signed into law, a bill (H.R.2775) to temporarily suspend the U.S. Government's statutory debt limit and also temporarily shift Congress's borrowing power to the president.