Why 2013 is going to be a Freaking Mess

No matter who is elected president in November, 2013 is going to be a big mess.  By the end of 2012 the new debt ceiling will be reached,  the Bush tax cuts expire at the end of 2012 and the drop in the FICA Tax Rate will also expire.  Also there is talk about taxing those who put in money in a tax deferred 401K plan as well along with getting rid of certain itemized deductions.