The average cut in pension payouts, including compounding interest, for a retiring Army Sergeant first class, would be about $3,700 each year, according to the Military Officers Association of America. Over 20 years, the total losses could balloon to more than $80,000. "While portrayed as a minor change, a 20% reduction in retired pay and survivor benefit values is a massive cut in military career benefits," wrote groups, including the Air Force Sergeants Association, Iraq & Afghanistan Veterans of America and the Marine Corps League, among others in the letter. The change is infuriating to military retirees like Army Col. Michael Barron, who retired nearly 4 years ago, after 30 years of service, which included being deployed to both Iraq wars. "It's not fair at all. I spent a 30 year career in the military. I clearly understood what the (cost of living increases) would be," said Barron, deputy director of government relations for the Military Officers Association of America. "This is the worst kind of example of a shady, back-room deal." Military groups say the cut is unfair because the changes will affect those who have already put in their years of service.
Incredible.
May the name "Paul Ryan" be forever associated with shame. If he (or any Republican that votes for this travesty) attends ANY ceremony on Veterans or Memorial Day, may they be booed off the stage.
This is the most egregious political back stab by the Republican party in its entire history. They could not go after the people taking ObamaPhones, they did not go after the ObamaCare subsidy Takers, they did not go after the 49 million SNAP card swipers, they did not go after the scammers on Social Security Disability - they went after American veterans who served their nation in uniform.
If this is what a Republican is supposed to be, I am ashamed I am registered as one. Never again will I vote for any of these people.