President Obama - Would Blank Check Authority be the early stages of a Dictatorship?

Heard on the news the other day that one of the things that Obama is pushing for in the Fiscal Cliff negotiations is the ability to unilaterally raise the Debt Ceiling.  If granted, this authority would mean that Obama wouldn't have to go to Congress for approval to raise the Debt Ceiling anymore.

This is probably one of the worst ideas I've ever heard.  To remove the constraints/leverage that Congress currently has available to try and control federal expenditures allows Obama to run up costs, and continue to snowball our national debt.

This goes far beyond anything ever intended by the Founding Fathers when they created the Constituiion.  This puts entirely too much power in the hands of one individual,and pretty much does away with the separation of powers.

If passed, the deficit would continue to accumulate with no real control whatsoever - other than whatever control Obama would choose to exercise.  NOTE:  With the "prudence" evidenced by Obama during his first term - the deficit rising from $10T to $16T, consider it exceedingly dangerous (fiscally) to entrust him with this authority. 

This authority would actually give a President the unfettered ability to spend with no real pressure/inducement to compromise.  No need to even make a budget - just keep spending on whatever projects already authorized by the law that the President deems fit.

This much power resting in one man's hands can lead to a sort of fiscal tyranny of the  majority, or even worse - a fiscal tyranny of the minority.  NOTE:  Although Obama just won reelection by 3%, strongly suspect that the public would not want the President to operate with unfettered spending ability - so, in reality, this would be a fiscal tyranny of the minority.

Republicans need to make this an absolute non-starter - to include going off the "Fiscal Cliff", if necessary.