Federal Debt Limit Suspended Temporarily

http://www.washingtonpost.com/business/economy/senate-votes-to-temporarily-suspend-federal-debt-limit/2013/01/31/256cae78-6bde-11e2-ada0-5ca5fa7ebe79_story.html

The U.S. Treasury Department will have the ability to borrow more and more money due to the limit of federal debt being suspended temporarily. Without this limit, the Treasury can ignore the debt ceiling and continue borrowing. The debt limit will come into play again on May 19. The Treasury is predicted to run up about $450 billion dollars in debt until this date. The debt ceiling is likely to be raised when it comes into play again. Lifting the debt limit cannot mean anything but bad things for our economy in the long run. It worries me that the debt limit has been completely lifted for the next few months rather than simply raised.