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I know this is not a political forum, but I am MAD AS HELL! Congress is passing a budget bill to cut COLA increases to current and future military retirees, under the age of 62, by reducing their retirement pay increases 1% below the cost of living. This includes disabled military retirees under the age of 62. Using the present value/future value of dollars, this becomes a compounded reduction in pay over the years and will put their income significantly below the cost of living.
Also, most of the enlisted personnel who retire at E-6 are paid $20k after 20 years service.
(NOTE: This does not affect me, I am over 62 and my pay is less than $10k/year.)
This is the only REAL cut in the budget, all the rest of the cuts simply reduce the growth; that is, instead of increasing a departments annual 5% increase, they will only increase the budget 4.5%.
Current federal employees and retirees are not affected by this bill. Future Federal employees who are not hired yet, will be. Congressional and presidential pensions were untouched...and remember, this is the wealthiest congress ever!
I feel the House of Representatives, Senate (after they pass the bill today), and the President (after he signs the bill, which he said he would) have just dumped a big turd on these heroes we have sent to war zones over and over again.
I have never been ashamed of our country until this. This is a joint effort by Democrats and Republicans, so all the representatives, senators and president should be ashamed of themselves, but their ego and power won't let them.
We need to clean out the capitol and white house.
Edmond Ray Swindle