Tax Cuts

People are very divided on whether or not to extend the Bush Tax cuts for everyone. And in another example of how true this is, economists are saying it would be good to extend the cuts. At least, 18 out of the 31 who were interviewed are saying this. And then you have some who are saying that no one's taxes should stay cut, because the U.S. just can't afford it. Of the economists surveyed, this is a terrible idea, because it would cause what's known as a double dip recession, in which one rescession, or downturn of economic activity, follows another recession. Other ideas included were helping small businesses, drilling in the gulf again, and stopping foreclosures, as well as letting the Reserve extend credit without going through banks. I say it again: raise taxes on the rich, who don't normally spend their savings, and let the rest be, for now.