D.C. has screwed up priorities
Posted on 12/14/2013 8:03:15 AM PST by darkwing104
Betrayal n. 1. Breaking or violation of a presumptive contract, trust, or confidence that produces moral and psychological conflict within a relationship amongst individuals, between organizations or between individuals and organizations. It may be a complete break from previously decided upon
A Nation will be judged by the Way it treats its Veterans… – “George Washington
The collection of Democrats and their cowardly collection of lapdog, establishment Republicans compromised to create a Mickey Mouse budget. One provision of the budget deal was to reduce the cost of living adjustment of military retirees by 1 percent each year. Previously the retiree cost of living adjustment was linked to the annual adjustment in Social Security payments. A one percent cut on the average retiree will be around $4,000 a year and can easily add up to over #80,000 about the time they reach retirement age some 20 years later. Once again the government broke its promise to military retirees. Last time it was the loss of free medical benefits during the Clinton administration. Establishment Republicans did nothing to help active duty soldiers or retirees and their families concerning healthcare. The increase in Medical fees at a rate greater than inflation, as voted by the congress, will be another kick in the rear from unappreciative politicians while they protect the low information EBT card carrying prostitutes.
Health Care
Not only have establishment Republicans done anything to help active duty military or retirees and their families with healthcare, they actually have a history of trying to force retirees out of the Tricare program. It is only a matter of time before a Republican starts pushing a plan to require retiree and dependents into ObamaCare. They will have no choice–unlike government workers who are represented by a union/lobbyists.
(Excerpt) Read more at coachisright.com ...
D.C. has screwed up priorities
IMHO, the Republicans have joined with the DemocRATS in the betrayal of all Americans. It makes me sick.
It ain’t just us vets, folks.
The math doesn’t make sense to me. Am I missing something obvious?
If a 1% cut means $4,000 to the average retiree, that average retiree must be getting $400,000 per year.
The coach needs to learn how to write.
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.
whaddja ‘spect!
squirming will have all the same as a note in a bottle on the high seas!
Semper watching!
Dick.G: AMERICAN !!!!!
*****
I don't understand this either. The 1% cut is to the cost of living adjustment. From the Christian Science Monitor:
"Under the proposed budget deal, the annual cost-of-living adjustment for working age military retirees would be inflation minus one percent."
End of snip.
Maybe I'm missing something, but suppose a retiree's pension was $40,000. And he was due a 2% cost of living adjustment. He gets only 1%. He will lose 1%, or $400, each year.
Where this really stinks is that civilian federal employees will see no cuts at all. The argument Congress is making here is that military folks get to retire earlier, and so it all balances out.
I'd say that the military retirees are being unfairly singled out to take all of the cuts.
btw, the cavalry ain’t coming...
*****
Too many retired whites...
...’why we don’t know how their going to vote.’
I don’t think any military retiree should take any cuts while generous benefits are being extended to non-citizens.
Vets will get the short straw every time because they don’t form a big enough voting block. That and, unlike other groups, they love their country and won’t riot.
Yep. If this doesn't wake conservatives up I suppose nothing will.
I wish people could make a distinction between military veterans and military retirees.
Not all veterans are retirees, but all retirees are veterans.
If you didn’t retire, you won’t get a pension to cut, so vets is the wrong term to use in the title, it should be “Betrayal of America’s Active Duty Service Members and Military Retirees”
Although Vets is a lot shorter... :-)
Alas Babylon!, USAF, SMSgt, Ret.
I retired 20 years ago as a sergeant. my pension is about $16,000 a year. Out of that $3,000 goes into the ‘survivor benefit plan’ for my spouse, if I die before she does. thus I get $12K per year. Great huh? The colonels and generals get the big bucks but the ncos just scrape by in retirement. And the public think we get the same as the generals.
That's a good point. A 1% cut per year, every year, is not insignificant for folks like you.
And it is outrageous that only the military pensions are seeing a cut. There are evidently no reductions for the civilian workers or for the welfare recipients.
When I first retired from the Air Force, my retirement pay was a whopping $761 a month.
sorry, but coach is wrong...
if a 4000 a year cut equals 1% annual, well, my math may be wrong, but that means the average retiree gets a pension worth 400,000.00 a year....
me thinks coach needs a little book learnin’...
and this is not the first time the “coach” has been in extreme error..
I'd say that the military retirees are being unfairly singled out to take all of the cuts.
Someone will correct me if I am wrong, but I believe civilian retirees under age 62 have been under this 1 percent reduction formula since the current retirement system was implemented. This looks like it is only equalizing the cost of living formula for the civilian and military retirement systems.
The $4,000 dollar figure was derived from an estimated and $1200 the year after that. The sources just threw out the $4000 with no explanation. Several lobbyists used the 1% reduction per year stretched over a period of years, for example $400 for one year will compound to $800 the next $4000 figure as an average figure over a span of years.
I’ll accept responsibility for not explaining in better detail
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