Monday, December 09, 2013

People thought I was full of it…..

I tell everyone the gang in Washington is after your Social Security and soon, your VA check.

Remember, these guys get an awesome retirement. Big checks and free health care…….

Screw the geezers, as they sell us down the river,  we got ours!!!!

There is a greater recognition too –in Congress and among the Joint Chiefs— that it must come to terms with personnel-related costs, which are eating up more and more of what money remains.

“Forty-four cents of every dollar we spend goes to military personnel,” said House Armed Services Committee Chairman Buck McKeon (R.-Calif.) “You look at Detroit, you look at General Motors, you look at what happens when you build up these costs, but we aren’t doing anything about it in our [defense] bill this year.”

On the retirement front, President Barack Obama’s 2014 budget opened the door for the GOP by proposing to increase what federal employees contribute to their pensions: adjusting the number upward in three increments from .8 percent of pay to 2 percent.

When this was last proposed, Congress instead decided to charge newly-hired workers even more. The administration proposal seeks to impose its earlier plan on those hired before 2013. The estimated savings are about $20 billion over the coming decade.

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