A Democratic strategist says the president should invoke the 14th Amendment in order to raise the debt ceiling without congressional approval.

Bob Beckel, a Democratic analyst for Fox News, said Monday evening that President Obama "should raise the debt ceiling by himself."

Obama "has the courage to do this," Beckel said.

Some have suggested the 14th Amendment gives the president the power to circumvent the debt ceiling set by Congress in order to avoid default. Legal scholars have disputed that interpretation.

Beckel, who characterized Obama as "the greatest economic president since Roosevelt," criticized the GOP for not having the "guts" to put increasing revenue through taxes on the negotiation table in ongoing deficit talks.

"If they won't pass an increase in the debt ceiling, before this world falls into depression, the president will do it without asking Congress," Beckel predicted, speaking on Sean Hannity's show on Fox News Network.