Bailout part.... three? four?

I'm sorry but I have to address yet another bailout. And at the risk of running out of fingers to point, I can only address this to EVERY person living in the beltway who has a vote.

STOP SENDING ME CHECKS! That means you, speaker Pelosi, congressmen English and Altmire and Senators Specter and Casey.

The government, in their infinite wisdom, has decided that another round of stimulus checks is required to "kick start" the economy. Excuse me? Apparently the $835 billion they've passed already isn't enough of a kick start? If we need more, I would label this a quadruple bypass requiring electric paddles.

Remember folks. This is the same government that sent us a stimulus check over the summer. The same government that spent $43 million to tell us, via postal service, that we were getting a refund. Who knows how much it cost them to print the darn checks.

Somewhere down the line, don't ya think someone, somewhere would raise their hand and say "hey guys, maybe we should let things work themselves out. You know. Give the 'free market' a chance to right the ship."

Adam Smith is rolling over in his grave (he's my hero, by the way. If you want to learn more about him, read "The Wealth of Nations.")

The summertime bailout ran us about $100 billion. Apparently none of us spent our check at Walmart buying big screen televisions; instead opting to do crazy things like pay bills, fill our car with gas, save it for a rainy day.

The late summer bailout cost us $835 billion. Let's round everything up to a trillion bucks so far.

MY KIDS DON'T WANT TO PAY THIS DEBT! The Ola family is already on the hook for $33,000 EACH for the national debt. This doesn't include the defecit at the federal level or the defecit Pennsylvania is facing (abotu $3 billion.)

Isn't it time to give our kids a break and not make them pay for our sins of overspending, extending our credit and keeping up with the Jones's? Give me a break.

If you can keep a little secret, I'll let you in on something. I think the economy is already on the way back up folks. To be sure, there is room left for the dow to go down (I'm betting we'll see about 7500 before it's 'the bottom.') But have you noticed that you have a few bucks left in your wallet at the end of the week yet? If not, you will begin to feel it soon.

Want to know what it is that created that little jingle in your pocket? It's called saving your money for stuff that's really important like gasoline and lunch meat for your brown bag lunch. It's called being uncertain about how you'll make another credit card payment, so you only pay cash. It's called being responsible. It's something we all should be everyday.

To answer this call with extending another freebie is called enabling, and if we enable an alcholic another drink or a drug addict another hit from the crackpipe we are shunned by society. Why is the government enabling us and why are we sitting here taking it?

Please, fight back. If you do nothing else today, take a few minutes and call your congressman and tell him or her to stop sending you checks. You're tired of putting your kids, or grandkids, further into debt.

Tell them to paydown the national debt with the new money.

Here is what you're going to see happen, by the way. And you don't need a fancy degree to figure this one out.

We will receive an artificial infusion of cash via $1 trillion stimulus package and another round of checks to each of us. OPEC is going to reduce output, thus reducing the supply of oil. Everyone knows that as supply dwindles, prices go up.

Since there will be an extra $1.1 trillion bucks floating around by the early part of next year, prices for other things will go up. That's called inflation. We will see inflation of approximately 6% to 8% next year. So if you like the way your food bill looks this year compared to last year, you'll LOVE next year!

By the way, your wages won't keep pace, so enjoy your 3% cost of living adjustment next year. You'll be starting the year of 3% - 5% behind the 8-ball. But don't worry. By this time next year, the credit markets will be unfrozen and you can borrow again!

Remember, there's nothing a line of credit can't fix...

Please follow this simple advice. Take their check, put it in the bank and don't touch it. Payoff your credit cards and cut all but one up. Continue paying cash for everything. There's something real about knowing that $50 debit for a Wii game is coming out of your checking account immediately. Live below your means.

Sorry to go off on this tangent, but I can't take this anymore. I am going to ensure that my kids don't inherit my debts. It's unfair and it's bad parenting. It's a terrible message we are sending to them.