My prediction for 2013: After about a week of Republican posturing, Congress will vote to raise the debt ceiling by a huge margin on the order of 90% yea votes. Federal spending will increase. Speeches will be made and accusations will be hurled, but no bill reducing any part of the Federal government will be presented to the President. No budget will be passed, or even seriously discussed. The the deficit for 2013 will exceed $1.3 trillion. Official unemployment will return to 9% or higher. Neither party will show the slightest interest in reducing the burden of government. The stock market will continue to flounder at 1995 levels. All of this will be heavily promoted as unmistakeable signs of economic improvement.