I was talking to a friend last night who is retired Army with 30 years service. He told me between increased tax withholding, increases in health care deductions, etc. his net check is down $300 a month. Now two congressional panels and the president's debt reduction panel are calling for further cuts to the military retirement system. One major change being suggested is not being able to collect until age 57 or 60. So what's a 30 year vet who's body is worn out, mental condition is PTSD to some extent or another, supposed to do from age 48 to 57 or 60? Who's MOS (military occupational specialty) was infantry for example. What kind of job, at what kind of pay is he/she going to be able to get? There isn't much demand in the private sector for those kinds of skills when you're 48.
That's right, the government you put your life on the line for all those years is going to screw you one more time.
I am all in favor of debt reduction/cost cutting/elimination of waste and fraud/and huge reductions in the welfare giveaway programs, but this is NOT the place to do it. Let's start with Congress and their retirement and perks instead.
Dumb Farmer
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