Well, so far it isn't bad. Obama seems to have a deal with Senate Republicans to fix that which is in immediate need of fixing, economy-wise. I'm a little puzzled why the press is reporting it like it's a minor matter to get House Republicans to pass it.
I was bemused by this paragraph in the New York Times report on the deal…
Under the agreement, tax rates would jump to 39.6 percent from 35 percent for individual incomes over $400,000 and couples over $450,000, while tax deductions and credits would start phasing out on incomes as low as $250,000, a clear victory for President Obama, who ran for re-election vowing to impose taxes on the wealthy.
I was under the impression that the wealthy already paid taxes…maybe not enough but I think the word the reporter was looking for there was "raise" or maybe "increase."
Oh, well. May '13 prove lucky and may you have fewer reasons 365 days from now than you do now to be glad it's a new year.