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To: El Gato
I agree with respect to the deferred compensation nature of military retirements. Still, the long term pay out far exceeds the amount deferred and that money comes from taxpayers. The social entitlement programs are ripoffs to buy votes. The pot of gold is not endless. When the first wave of boomers is required to start drawing down those assets from defined contibution programs, the stock market is going to take a dive. Those people have no choice. The draw down is mandated by law to ensure the government can tax all the deferred compensation salted away for retirement.

Middie does have a good point about the sad state of military readiness. The blame for that can be laid at the feet of Carter, Clinton and Democrat controlled shifting of military resources to social spending. Clinton wiped out the entire supply of 2500 lb ALCM stocks in Bosnia...and we still don't have our troops out of that mess. We actually removed nuclear warhead from 53 ALCMs and converted them to conventional at a cost of $80K each. We couldn't build more because Clinton sold the entire factories that manufacture the cruise missiles to communist China. He also allowed the ring magnet technology to be sold to them so now they can put a rocket into orbit instead of falling out of the sky midway...all for a little campaign cash. Clinton gave the whole United States a big Lewinsky.

I shouldn't give LBJ a pass either. He let Robert Strange Macnamara waste all our bomb stocks to plow the countryside of Viet Nam while never really using those assets to take out military targets. What a putz. The slimeball Ramsey Clark continues to spew his anti-American venom today. How does trash like that get to be Attorney General?

46 posted on 11/06/2005 6:48:10 AM PST by Myrddin
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To: Myrddin

You've taken an issue that deserves critical analytical thought and discussion and turned it to a partisan ideological rant. I guess there is no remedy for that limited ability to think in a broader plane.


47 posted on 11/06/2005 6:03:06 PM PST by middie
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To: Myrddin
Still, the long term pay out far exceeds the amount deferred and that money comes from taxpayers.

It does, but it's a legitimate debt, freely contracted for. They can, and have, changed things. For example, when I was on active duty, and afterwords, the GI was "free". Later they made it a matching funds type of thing, which the member had to enroll in, and have withheld from pay, while on active duty, in order to get the matching funds for schooling afterwords.

51 posted on 11/07/2005 4:47:28 PM PST by El Gato
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