The US Debt Ceiling and Political Issues

Soon, the Congress and President Obama are going to have to agree on how much to raise the American government's debt ceiling above its present $14.3 trillion.
It's clear that the debt ceiling will have to be raised, but all sorts of political agendas are being attached to the decision-making process. The most talked-about is the GOP demand for budget reductions. Republicans, and now Democrats, are taking the position that serious budget cuts must accompany the rise in the debt ceiling to get their votes. This is commendable, despite former Treasury Secretary Paul O'Neill's comment that these people are "terrorists," which is a mighty exaggeration, if there ever was one.  
My suggestion is that not only should there be budget cuts attached to the debt ceiling bill, there needs to be a meaningful control of the Federal Reserve's actions.
I know that the Fed is independent and that politicians are not supposed to mingle in its actions. But, if there is to be any real progress in getting control of the American debt mess, it must include controlling the now out-of-control Ben Bernanke and his Federal Reserve Bank.
First, Congress should take "veto control" over any Fed action that would lead to "money-printing," such as the Fed QE2 program of buying US Treasuries to fund US debt and expenses. Funding expenses and debt is the constitutional prerogative of Congress and it ought to stop the Fed's unauthorized intrusion. 
Second, Congress should vote to force the Fed to raise its basic interest rate above its present zero percent level. This is the single most crucial factor now destroying the fiscal credibility of the United States. It is also the reason why the Dollar is tumbling like a waterfall and will lose its reserve currency status. Unless Bernanke is stopped, the Dollar will become a third-world currency. This may permit Obama to pay for his huge expenditures in devalued Dollars, but it will finally lead to the excessive inflation that will destroy the American Dollar and with it, the savings and retirement benefits of EVERY American. EVERY American, not just the rich or Republicans, but EVERY American.
Congress, act now. Do not wait for a total collapse of the Dollar before trying to do something.