New Precedent

Todays newscasters divulge administrations intent to reduce and limit compensation to principals of companies that accepted bail out help. Now that the taxpayers are virtual stockholders, imho it is acceptable to reign in ludicrous wages, w/ reservations, for it certainly sets up some dangerous precedents for the business community in the future, in the event that they too might be included. Perhaps these measures should be extended somewhat further, whereby in these perilous financial times, everyone on the federal dole (ex. congressmen, teachers, SEIU etc.) should also have their salaries and benefits reduced within the realm of sound fiscal policy and current taxes.

Precisely. The thin end of the wedge. The big government that we have all been warned about. No, I am not saying those responsible should not be punished for their mendacity, they should, and the members of the house and senate should also have their health care benefits parralled with the rest of us. But whilst the measures proposed are being put in place they will be scurrying around drawing up protection for themselves so that any new bills will not apply to them.

Everything that they want for us should automatically apply to them too!

Me thinks the horses have done left the barn :(