I would ask if this doesn't personally pertain to you - keep your snotty nose comments to yourself.....

I'm just a brat but I hear you on the cut backs for the old time Vets (no disrespect intended.)

Damn, can't get the hyperlink thing working.
But pulled this from an old AFA magazine:

http://www.airforce-magazine.com/MagazineArchive/Magazine%20Documents/2010/October%202010/1010chart.pdf

This pertains to someone close to me and I say it downright sucks. Is Congress also going to have to pay for their health insurance? Oh, no? Of course not. Go fuck yourself Congress :-X

I'm sure the active duty will also be asked to contribute toward their retirement just like everyone else is asked to so there's an equitable cost-sharing.

Don't most contribute to the TSP anyway just in case they decide to leave before 20?

Alot of folks do contribute now...I remember when we were first eligible to join the TSP and most didn't...believe that was around 2000-2001. If you are young and in the military this is definitely one of the tools you should be using...IMHO. Just got paperwork today from TSP saying they are starting a Roth TSP as well...

While military benefits should be reviewed just like any other government program I hope people keep two things in mind. The first is that only people that put in the full 20 years get them and the second is that it is the only job where you can be ordered to do things that have a high likelihood that you will be killed or severely injured. That level of risk deserves a greater compensation than most jobs. Originally Posted by Laz

You nailed it!!!

It is not just Military Retirements, it is all Federal Retirements. Congress should start by eliminating Presidential, Senate, and Congressional retirements.

It is not just Military Retirements, it is all Federal Retirements. Congress should start by eliminating Presidential, Senate, and Congressional retirements. Originally Posted by greenhorn1960

No kidding.

I love the TSP. I've helped 4 people allocate theirs and saved 3 out of 4 of them thousands during the recession (the 4th was like 'nah it won't hurt me' and lost almost 14k, very sad). My roommate lost a whopping 15 dollars.

I am excited to hear about the Roth TSP and will give my army friend a call today to yell at him about this!

Having just retired from active duty a few years ago, the legislation isn't surprising.

Entitlements are really being scrutinized and the American taxpayer can't afford the cost of continuing "business as usual" when it comes to the military pension and benefits for retirees and their families.

It also wouldn't be surprising to see more legislation extending the career of an active duty member to 30+ years before they are eligible for retirement, just like most places in the public sector. I'm sure the active duty will also be asked to contribute toward their retirement just like everyone else is asked to so there's an equitable cost-sharing.

Right now, premiums for TRI-CARE are ridiculously low and there are so many other benefits for retired active duty the public isn't aware of that have skyrocketed entitlements to a level beyond sustainment.

I think a "grandfather" clause (as of a certain date) would be more honorable and accepting by the overall military community. They are aware of our economic imbalance. I think we all agree the Federal Government is spending too much and everything needs to be looked at as long as it's looked at bipartisan.

My .02, kind sir.

Nj Originally Posted by nissanjay

Concur on all; been retired going on 8 years; know my medical payments are not something I bring up with my civilian friends (a VERY good deal); paying more (to a point, I guess) won't be a huge issue. Saying that, I think MANY other entitlements need to be looked at as well; shouldn't just be the retired military men/women that have to bail out the country...

Ok. I may not be qualified to respond to this but if i worked at a job for 20 years and at any given time i could be sent to places where people were shooting at me and blowing things and people up...i would want want free everything for as long as i lived. I do not think that is too much to ask. I know that may sound really simplistic but there PLENTY of other things to cut. Anyway. Just my dos centavos.

Don't know about that JJ. If I were to bet on it I'd say it all hinges on that unemployment number and how disenchanted young people are with the POTUS.

As to the original posting by dennisrn, I think nissanjay hit it on the head. All entitlements, military or otherwise, have come under scrutiny due to the increased focus on the deficit, so it makes sense that a Democrat POTUS would put military cuts on the chopping block. Obviously, a Republican wouldn't dare touch that regardless of all the recent anti-federal spending rhetoric.

My question is: How did we ever get on this deficit-focused train in the first place? Clearly the U.S. has enough tax revenue to cover its interest payments. And our debt to GDP ratio is nowhere close to Greece's, Italy's, or Portugal's.

I would think unemployment, short term economic growth, and the housing crises would take precedence. Oi, but what do I know? I'm just a lonely snake... Originally Posted by snake_tony

In my dealings with supporters of the current POTUS is the they have drank the koolaid. They seen to get thier information from bloggers instead of researching the information themselves. They consider Perez Hilton to be credible.

Like Barak, they blame everybody else, except Barak. The economy, it is still Bush's fault. Current gas prices, Bush's and Cheney's fault. Health care, no budget, not Barak's.

Can't currently conduct the research, but if memory serves me correctly, this was started by the predecessor and not the current, and was signed into law at the end of 2004.

Will I feel the cuts as a Vet Retiree? You bet.

Do I agree with the fee increases? As with anyone, I don't like the money coming out of my pocket.

Is this comparable to the cuts (read increase in out of pocket expenses) for those on Medicare? In my opinion, yes. Older male Americans more than likely performed some form of service due to the draft (and females also, though not due to mandatory service), and after turning a magical number (65 or 67 I think) their coverage switches from TRICARE to Medicare. So in essesence, a sort of double whammy.

The same thing is occurring to Police and Firefighters, those who run in when those in their right mind run out. Their benefits are also being cut. In the cities and states where this is occurring, I ask that you look at the political affiliation of the mayors and governors signing the paperwork. I am not surprised.

Do changes need to be made? Yes and unfortunately those with a 'guaranteed pension and benefit package' will be made to feel the brunt of the force of change.

Governments, local, state and federal have to reduce spending, and one of the largest, if not the largest budget items is retiree pension and employee health plans.

Will those at the head of governments affect their own tilted purses? Not likely, especially if you listened to Gov Perry's NPR interview of last week or the week before.

He is double dipping and sees nothing wrong with it as it is currently allowed.

However, he signed legislation that penalizes (monetarily) school districts for using retired teachers as substitutes. With a shortage of qualified/state certified professional educators, he has stopped double dipping...only where it is not allowed.

Back on topic, yes the military past, present, and future will be affected by DoD budget cuts, I ask that the 'military hating Democrats' not be pointed at as the cause.

This is a problem (budget deficit) that stretches past political boundaries and requires solutions that will be felt by most in one form or another.

Dogg