Once upon a time, Ronald Reagan rallied Republicans with his tale of the big bad "welfare queen" who cruised around the kingdom in her pumpkin-colored Cadillac stealing all the people's gold. His story was a fabrication of course, but did much to solidify the convictions of the "pull yourself up by your own bootstraps" crowd. Now we have welfare queens on Wall Street begging for a bail out while spending all our money at the...