Nobody said life would be fair, and if there's one thing the government knows is how to screw people over.
What we need to do is to join together and hold these idiots in DC accountable, however that's accomplished.
I get a retirement from the military as an E6, which is not much, but it's something. I do not expect it to be there for much longer because of the criminal activity of Congress. Do they owe me a job, hell no, do they only my pension hell yes!
Do you see them taking a pay cut for sequestration, hell no! Do you see them changing retirement for military, they've already done that you have to wait till 62 now to draw your pension. When we all wake up and realize that we have a ruling class, and not elected body then maybe the shit will change.
“I get a retirement from the military as an E6”
If you look up E6 base pay on the pay chart, it’s a bit above $3600, assuming you get 50% of that after 20 years, that’s $1800 per month, or $21,600. Let’s add on $6k per year (low-ball) for free medical care for life.
That is $27,600. Now how much money would one have to have to generate that level of income?
Well the 10 year treasury rate is 2.54% so dividing $27600 by 2.54%.....
Congratulations, you’re a millionaire. $1,087,000
Now, let’s take the average taxpayer, who labors for 20 years - they may even have to spend time in dangerous places away from family.
He doesn’t get a million-dollar pension payout, but he has to fund other people.
Just thought you’d like to know.