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'A Promise Broken': Budget Deal Hits Military Retirees' Pensions
FOX News ^ | 10 Jan 14 | Christina Scotti

Posted on 01/10/2014 10:54:11 AM PST by SkyPilot

Edited on 01/10/2014 11:10:51 AM PST by Admin Moderator. [history]

Last month’s congressional budget deal hit military retirees with 20 years of service or more in a very real and controversial way: It trimmed their cost-of-living adjustments [COLAs] by 1% each year until they reach 62.

Veterans’ groups say this reduction could add up to an average of more than $80,000 in losses for retirees who are affected -- and a loss of confidence in the U.S. government’s word.


(Excerpt) Read more at foxbusiness.com ...


TOPICS: Extended News; Government; News/Current Events
KEYWORDS: budget; cuts; military; pension

1 posted on 01/10/2014 10:54:11 AM PST by SkyPilot
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To: SkyPilot

Dispicable! Dishonorable! Pathetic! Crap-weasels have infested our government!


2 posted on 01/10/2014 11:03:21 AM PST by vpintheak (Thankful to be God blessed & chosen!)
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To: vpintheak

Short sighted.


3 posted on 01/10/2014 11:19:41 AM PST by greatvikingone
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To: SkyPilot

Congress is effectively saying that serving for Duty, Honor, Country is now a one way, dead end street. Who knew that Jon Kerry was so prophetic?


4 posted on 01/10/2014 11:24:49 AM PST by TADSLOS (The Event Horizon has come and gone. Buckle up and hang on.)
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To: SkyPilot

I am one of those retired Veterans. If they need some of my COLA to save our country, then they should say so. The reality is, they aren’t saying that. The “compromise” that was made was to take money from the retired Veterans and put that money in HEADSTART and the Department of Education. The money taken from retired Veterans who sacrificed, suffered and risked for their country will not reduce anyone’s taxes. This money will not be used to reduce the debt. It will not be used to balance the budget. THE MONEY TAKEN FROM THE RETIRED VETERANS WILL BE USED TO BUY DEMOCRAT VOTES. That’s it. That was the compromise. Some people who used to wear uniforms are being paid to argue against the retired Veterans, but they are just whores, and if you pay a whore enough, they’ll do anything.


5 posted on 01/10/2014 11:32:56 AM PST by blueunicorn6 ("A crack shot and a good dancer")
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To: SkyPilot

Since the Vietnam days I don’t trust ANYTHING the government says or does including BOTH Demorats and Repukes!~


6 posted on 01/10/2014 12:00:59 PM PST by Renegade
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To: SkyPilot

I’m sure no cuts have been made to the EBT programs.


7 posted on 01/10/2014 12:46:12 PM PST by RightOnTheBorder
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To: SkyPilot

Loss of confidence in the U.S. government’s word: sorry but the line is laughable but not what is happened to the retired military personnel.


8 posted on 01/11/2014 6:51:31 PM PST by Theodore R. (People in TX in 2014 cheer: Cornball and George P.!)
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To: blueunicorn6

Goodness, are you saying that Mitt Romney’s running-mate is deliberately buying Democrat support or is too dumb to know what he is doing?


9 posted on 01/11/2014 6:52:52 PM PST by Theodore R. (People in TX in 2014 cheer: Cornball and George P.!)
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To: Theodore R.

Pretty much.


10 posted on 01/11/2014 8:54:46 PM PST by blueunicorn6 ("A crack shot and a good dancer")
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