That's major. It changes the dynamics in the market. Now we know the Treasury can continue to pay its bills.
Despite dire warnings from Republicans, "Higher taxes on the rich have raised some much needed money," Cramer said, but didn't send the economy into a tailspin.
And though Democrats insisted spending cuts would kill the recovery, "some of the real drags on the budget, like the endless spending to support Fannie Mae and Freddie Mac have now stopped," Cramer added. And the nation didn't go off a cliff.
Instead of chaos, pros became more confident. They were able to see that "we are not lurching toward another crisis." That took a very bearish catalyst out of the equation.
It eliminated, "the anger and the paralysis that have slowed business formation, destroyed confidence and made it so the American consumer always feels that things are out of control," Cramer explained.
------------------------------------------------------------------
Read More from Mad Money with Jim Cramer
Cramer: Buyers Facing Stock Shortage
Should Scorned Stocks Rally?
Cramer: Opportunity in Clorox?
------------------------------------------------------------------
All told the tax increases and spending cuts, "may actually be one of the best thing that has happened in 2013," Cramer added.
"We may look back and say it nullified a manufactured crisis in Washington and allowed business to flourish. It may well be the secret ingredient to this amazing bull market," he said.
