That was NOT socialism. NO ma’am.
That was pure capitalism. It was the government who tried to be socialist about that.
Hugh Hewitt lawyer, correctly charged the government with a major rip off in that case
The fact was that there was a contract involved, the likes of which if they had been treated the same in the private sector would have been a breech of contract case. It was so blatant, the government had to fold.
THe facts that you leave out were this: The officer or enlistee signs away years. It is a gamble. There are many benefits the private sector provides, financial mostly, for any given equal profession or job in the military. The signee trades those financial benefits for security, in this particular case, the pension they signed for and were promised by contract was taken away.
No one does that in the private sector.
But people like you come along and say, hey, you bums are sucking our tax money. but it means nothing. It is ignorant and not based on truth.
That money certainly will be taken away from new signees. How many will not sign up due to reducing benefits? that’s a different subject.
A 1st sgt has given 19 years, and has his future planned responsibly with a set fixed income of half what he gets in the military, per legal contract, and $80,000.00 was taken away from that by breech of contract, do you want to say, good, give it to... whom?
Members have the option of purchasing a deal, a pension investment. For a set fee, they take out a spouse survivor plan which provides the surviving non military spouse with a fraction of the member’s pension when the member dies, upon which time the pension stops so fast it would curl your hair. It is not an IRA. They took that money away, from the surviving spouse. After the member opted for it, paid into it, and was provided it by government contract.
Taking that money is OK? The military wanting that money for his widow is whining?
My military retiree husband died fairly young, mentally ill and had let life insurance run down to virtually nothing. So I faced my middle age and old age with nothing. Then they let me buy into that pension thing, I used the small ant he did get from life insurance to buy into that plan and I thank God for the small payment I get each month for the rest of my life. Still, I should get his retirement. But I don’t and I won’t get what I should, so I’m thankful for this.