“It was “funded” with non-negotiable bonds which is another way of saying “pay later””
IOW, the US Government issued bonds and promised to pay them. Has the US Government announced it is defaulting on the debt it owes? I think not. The only ‘default’ is cutting the size of the pension fund, which then allows the US government to transfer the money into current operations.
I have no idea where you came up with $2.4 million, other than pulling it out of your butt. I had higher rank and more years in than the vast majority of retirees, but I’d have to live to 98 to get $2.4 million in retirement.
And yes, by the time I hit 15 years, the retirement was a big part of why I stayed in. Otherwise I’d have gotten out so I could make more money as a civilian.
Please explain the good things Congress is going to do with these ‘savings’. PLEASE. Otherwise, shut up!
“the retirement was a big part of why I stayed in”
That’s the problem. Too many people serve their country for what it does for them.
If we had a vibrant private sector we could, perhaps, pay “selfless” patriots like you everything they want.
But we don’t. And we can’t.
Get mad at me all you want. It changes nothing. We’re broke.