Q: Am I going to have to pay higher taxes because of this bailout?

A: One of the questions Washington has so far been reluctant to answer is: How are we going to pay for all of these bailouts? It’s not just $700 billion. It’s also $85 billion for AIG, $50 billion to stabilize money market mutual funds, plus untold billions to guarantee that Fannie Mae and Freddie Mac survive. The government has three ways to come up with this money – borrow it, cut spending or raise taxes. They’ll probably have to do all three to come up with that kind of money, so get ready to start paying, folks.

Next: What about tax breaks?

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