The Founders drafted a Constitution that insisted on the separation of powers for a reason. They were inherently distrustful of unified power. Thats why we have both federal and state governments. Its also why we have a Legislature vested with the power to make laws and an Executive to implement them. This week, Senate Republican Leader Mitch McConnell threatened that structure. He wants to allow President Obama to raise the debt ceiling whenever he wants, unless two-thirds of Congress objects. Article I, Section 8 of the Constitution gives Congress the power to borrow money on the credit of the United States, not the President.
The voters did not send a single conservative to Washington D.C. in the 2010 Midterm Election so they could surrender more of Congresss Constitutional power to enable the President to continue to borrow and spend to his hearts desire.