I have heard recently that people aren't spending money because they are concerned about the possibility of taxes going up. I have also heard that we can't let the Bush tax cuts expire because it would lead to people not spending money and saving it instead.
Unfortunately you can not have it both ways. If people are already saving like the tax cuts will expire then we should just let them expire and start knocking down the national deficit. If people aren't already holding back then maybe people really aren't that concerned about the change in taxes.
This is dooms day thinking where we are damned if we do and damned if you don't. The only reason for all this rhetoric is to get the simple minded people out to the polls. Don't be fooled into believing this double talk.
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