yes, the debt ceiling is automatically raised every year or so.
a reduction in the amount the limit is raised, is called by politicians, "a reduction in debt"
i was watching some numb-nut political insider on TV, and he says the 2013 ceiling limit WILL be raised 2 trillion in 2013.
it's already been agreed upon.
with the fact that our two party system provides no opposition to each other, i have no doubt he's right.
Americans need to wise up and get rid of these expenses like , the CIA, EPA, Dept. Homeland Security, ect ect ect