Since Obama is capping the amount of pay for Wall Street bosses, why not impose a similar cap on administration officials and members of Congress — for the rest of their lives.

According to the Washington Post:

The administration imposed a $500,000 pay cap on senior officers at companies that need special government assistance. But perhaps more significant is a new rule that bans those firms from offering additional compensation except in the form of company stock that can be redeemed only after the government investment is repaid.

The idea is to motivate executives to work for the long-term health of their companies, administration officials said.

Why not apply the same rules to government?

Former presidents, public servants and members of Congress often rake in the dough through “consulting” fees, speaking fees, board memberships, book deals, lobbying, etc.

Let’s limit how much they can make once they leave office — at $500,000 a year. And let’s only allow them to use the Social Security system for retirement. The idea would be to motivate government officials to work for the long-term health of their company — the U.S.

And since we’re talking about Obama administration officials, make them pay the taxes on their government salaries for the four years up front — cause it’s clear they aren’t willing to invest in their company now.