The tax cuts will expire for the top two tiers on Jan1, 2011. The lower and middle will be extended for one more year. Then they will say see it cant be done then on Jan 1, 2012 the rest will expire. So I am already preparing. Paying down debt and “expanding my mattress” if you know what I mean to weather the storm. I am not confident bout Nov. or the future with these jack asses in office.
I hear you on paying down debt, and aggressively. The mattress and my savings account are getting about the same interest so the mattress is a pretty safe option currently.