Monday, March 30, 2015

Obama supports 20% reduction in military retirement pay

Via LH

 https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEivn5egbsnW26ZZdD4eaWlFqlTXIODTZRXN7or0C6LvTLNti7w9UTX0G5-GkPVV-uI3N9mXjgmjLOvAWaj94YaMp10g3bGo2imdQjhkavQHh1tEYwVIli1CeBBl2ip8who_0k23EZhdOUQ/s1600/cartoon.jpg

Just Hunky dory.....Probably cuts disability also.  Actually I might go for that as long as I don't pay ANY taxes whatsoever.

 

President Obama said Monday he supports the recommendations of a military commission that would reduce the size of traditional military retirement pay by about 20 percent and offer a new defined-contribution benefit for troops who leave before 20 years of service.

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8 comments:

  1. AnonymousMarch 30, 2015 at 4:14 PM

    Same business school retirement model that the DoD has been looking at for twenty years. Every soldier gets a 401(K) instead of a pension. This isn't Obama's idea. If it does happen, it won't affect anyone who already retired. It will get phased in.

    But something like this needs to be done. Just like GM, the total amouont of money owed to retirees, including medical benefits, is now a substantial part of the military budget (not the VA budget). It was only sustinable back when we paid draftee's peanuts (slaves). Pay and benefits including retirees accounts for 25% of the defense budget today, and growing both in terms of real dollars and as a percentage. For 1.5 million active duty service members, there are over 10 million people drawing benefits.

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    Replies
    1. Brock TownsendMarch 30, 2015 at 4:22 PM

      It was only sustainable back when we paid draftee's peanuts

      Draftee's and volunteers. I got the whooping amount of $77 a month, but it did buy pretty much.

      Delete
  2. CederqMarch 30, 2015 at 5:09 PM

    How about we eliminate 20% the of obamo the magic chimpoid and see if that is enough.... He sure is pissing the military off. Good, when it comes more that won't back him or future tyrants...

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    Replies
    1. Brock TownsendMarch 30, 2015 at 6:12 PM

      We there are plenty South Vietnamese here now who could show those interested the fine points of a coup.:)

      Delete
  3. AnonymousMarch 30, 2015 at 9:48 PM

    Will any number of secret service agents be able to keep that organizer alive when he's gone from office?

    ReplyDelete
  4. AnonymousMarch 31, 2015 at 7:35 AM

    Yes. Because all of Obamas potential enemies are law abiding citizens (except Hillery). The Secret Service could stay home and Obama will still die in his bed of old age. (or lung cancer, or Butt cancer, or domestic violence). Face it. No one is trying ot kill him now. No one is going to try after he leaves office. Assassins are always from the political Left.

    ReplyDelete

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