Saturday, August 7, 2010

U.S. Soldiers Must Be Prepared For A Freeze In Pay And Huge Cuts In Benefits

Secretary of Defense Gates with Admiral Mullen

Source: Debt Commission Fights Over Freezing Military Pay, Slashing Benefits -- TPM

Republicans would like you to think that Democrats have sinister plans for the post-election lame duck session of Congress, and Democrats are at pains to insist otherwise. But the one winter initiative progressives fear most is being crafted off the Hill by the White House's National Commission on Fiscal Responsibility and Reform. Though most of the commission's work occurs behind closed doors in small working groups, early reports indicate that the GOP's unwillingness to support any significant tax increases are pushing the group toward proposed entitlement slashes and larger budget cuts.

Read more ....

My Comment: Current levels are not sustainable, and what I expect will be the following .... pay will be frozen or cut, home loans out, G.I. Bill hit, and medical costs will be squeezed and/or passed onto to the ranks. As for pensions .... now that is another ball of wax.

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