Do you have the numbers to prove that out, cause I'd like to see them.
I'm a retired E-7, make about $1400 a month before taxes, SBP, etc. I don't qualify for the GI Bill (long story).
I agree in principle that the system has become unsustainable, but it isn't because of the benefit packages that are offered as incentive to fill the ranks.
The douchebags in DC are responsible for squandering this country's wealth and they are pulling a typical liberal tactic, take away pay and benefits from those that actually contribute to our society vs. those leeches who suck at the teat.
I don't believe that our society is placing the military member "above" anyone, I see where people appreciate that there are still rough men and women willing to exercise violence on our behalf to keep us safe and work to ensure our freedom.
The present value of $1400 per month, assuming 1.2% interest per year is achievable for 40 years is $658,710 if you got no COLA ever again in those 40 years. (sinking fund balance = 0 at the end)
If you add in $750 per month for insurance for you and spouse (it can cost more it can cost less, but we’re picking a figure here) then we’re talking about:
1400+750, which after 40 years is $1,011,591 at 1.2% interest rates in a bank - assuming no COLA, and no increase in insurance premium.