WSJ columnist: Cancel all unnecessary utilities and start hoarding cash. Seriously.

Cut everything.

Drop your cable package and TiVo. Say goodbye to Applebee’s and Starbucks. Cancel the ski trip.

Slash every single penny you possibly can from your household budgets and start building up cash.

Yes, I’m serious. The shocking collapse of the rescue package on Capitol Hill threatens a disaster on Main Street. Unless this gets reversed almost immediately, it could turn a slowdown into a slump, and a slump into a depression.