The situation reminds me of a portion of the Douglas Adams novel "The Hitchhiker’s Guide to the Galaxy," in which the leaders of the planet Golgafrincham decided to get rid of the least useful third of their population. This was accomplished by making up a story about a giant space goat coming to eat their planet and convincing all of the people they wanted to get rid of to board Ark-B, the first of three giant spaceships that would take them all to a new planet. The other two-thirds of the population, of course, did not follow.
The way that Paulson and Bernanke have described the problem, I cannot shake the feeling that my wife, daughter and I are being told to board Ark-B. Tell me again what the problem is that is so severe that it justifies taking $2,000 from every man, woman and child in the country?
I am insulted that they think they can scare the money out of me without offering a good explanation.