Debt Ceiling shouldn't be Raised

If the President and Congress are serious about a balanced budget then the Debt Ceiling which could be reached by the end of the month shouldn't be raised.  Think about it everyone do the banks let you keep on borrowing money (credit cards, loans and etc) until you are a million dollars in debt?  No they will cut you off well before you ever get to that number.  So here we have the Federal Government who over the past four years have run up Trillion Dollar deficits each year but there is nobody that can cut off the Government from spending more than it takes in.  The problem is nobody in Congress or the President has the backbone to say enough is enough and do what is right.   When the time comes, which will be much sooner than most think, the US will undergo a similar process that is now occurring in Greece and Spain in which other countries will dictate how the US will be bailed out.