It means "Yes, we should do x or y", or "Yes, we should do either, or both x and y".
Typically (with standard logic definitions) "OR" means "either or both", but not "neither". If you want to specify that only one condition can be true, you use "XOR" (eXclusive OR), with mean "either", but not "neither" and not "both".
I'm not really sure why (because of laziness?), but in speech (and written english), "OR" is often used to mean "XOR". In which case, it could be "Yes, we should do either x or[meaning xor] y".
I'm all for gun control... that's why I use both hands when shooting