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The billions given to fearless gamblers in the banking system will have to be paid back by somebody but it wont be by the bankers who lost the money--it will be by hard working taxpayers. They will have to pay more taxes and also see the spending power of their dollar cut in half. The poor will also contribute by having to pay more for food, electricity, clothing, and everything.

One suggestion is for the IRS to keep income tax refunds next year and use it to fund the Wall Street bailout package. Others say the wealthy should return the money that they have made in the last twenty years of prosperity---they must share the responsibility for our governments huge national debt.

Most agree a bailout was necessary to prevent a financial meltdown and a worldwide depression. But it also means life in America will not be the same for at least the next ten years until the cost of the trillion dollar bailout is paid in full. Until then we must do our best to survive by working hard and pay our share of the national debt knowing that one day we will be free and clear.

melpol



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