Compensation Limits

President Obama has proposed a $500,000 compensation cap for executives from companies that will receive federal funds. His proposal is sure to receive great criticism, questioning whether his plan interferes with principles of capitalism. But in the current economic condition, his plan makes perfect sense. He does not want to limit the pay of executives of companies that have not asked for aid, nor will he limit those that are considered 'healthy' even if they are receiving federal funds. A salary cap would ensure that government funds are not abused. This is the type of "change" that we need. Claims of Obama's proposal being socialistic are far-fetched because after all, it is the taxpayer's money that corporations were using for lavish spending and it is only fair that the executives make compromises as well.