In response to:

Grading the Fiscal Cliff Deal: Terrible, but Could Be Worse

Penny49 Wrote: Jan 01, 2013 9:20 AM
I agree 100% raising taxes doesn't help anyone. But, I certainly feel for the representatives in DC who tried to adhere to NO NEW TAXES We the American people are being held hostage by Obama and the Democrats. The President yesterday basically told all of us. "I will have my way or you're all going to pay through the nose. I won the election and I can do whatever I please, and if you don't like it tuff" Harry Reid deals with it by throwing the nation under the bus when he refuses to bring to the Senate floor bills submitted by the House. It's laughable that he accused the House of doing nothing by going home during this crisis when the House already sent him 2 bills to deal with this a long time ago and he just refused to address them.

There’s no official agreement, so everything you read here may turn out to be nonsense, but it appears that the misfits in Washington have reached a deal on the fiscal cliff.

It seems as though my prediction about the outcome was correct. Not that this makes me happy.

First, the good news.

Oh, wait, there isn’t any.

Now for the bad news.

The top tax rate will increase to 39.6 percent for entrepreneurs, investors, small business owners, and other “rich” taxpayers making more than $400,000 ($450,000 for married couples). This is Obama’s big victory. He gets his...