On December 31, the tax cuts legislated by the Bush administration are due to expire. Obviously, this means that taxes are going to go up. So, the big question is, do we let them expire or do we renew them?
I say we not only renew them, we make it permanent and start cutting government spending. The best thing to do in a recession is to let the people keep more of their money. If we lower taxes, then we can do that. If we lower spending enough to create a budget surplus, then we can start to pay off our massive debt.
That's the way I think it should go.