His argument on why the national debt ceiling should be raised goes like this:
Congress has already approved the spending that is now pushing the debt over the ceiling, so by not raising the debt ceiling, Congress is preventing me from carrying out their spending instructions.In other words, the President is indicating that the debt ceiling increase is something that should be passed automatically, because of earlier spending approvals by the Congress. But, what is going on here is that the President is ignoring here is Civics 101, that the US government is structured around many checks and balances.
Yes, Congress did earlier approve current spending levels, but that could have been based on revenue projections that have not lived up to projections. Or it could have been based on spending that was not expected to reach current levels so fast. Or both.
In other words, the requirement that Congress approve an increase in the debt levels is not a superfluous activity, as the President suggests, but a built in check, a speed bump, if you will, to see if previous approved spending levels should continue, given that we can now see how such spending is impacting the national debt ceiling.
Again, I don't expect the current Congress to do more than act out a little drama before raising the debt ceiling, but if Congress had balls, and really wanted to shrink government, they could show the President that raising the debt ceiling is far from just an automatic or superfluous activity of Congress, but a reason to again take under review all current government spending. In fact, it is a great time to do so.