dont know what you work as but look at it this way ,
if your getting paid off because of the credit crunch your boss may not want to get rid of you but has to simply because he has no work or money coming in. in which case take it on the chin go to work get paid and phone interviews etc on peace breaks etc .(the way you should)
however if you suspect they done it just because you asked for more money still go to work and cause signifcant damage lol (memba to put glue on the doris with the hands chair)
the place where i work had over 800 labourers 6 months ago now it only has 73 this is before you think about hgv/plant operaters or office staff , and belive me ive had to pay a few off and its defo the worst feeling in the world so dont hold it against your boss stay freindly and you could be asked back first time there recruting