But the budget deal has angered military groups for a provision that cuts the one percent cost-of-living increase for non-disabled veterans under 62 years of age.
A coalition of some 27 groups wrote President Obama and congressional leaders expressing their “strong objection” and “grave concern” over the deal.
The problem, CNN Money explained, is that most military retirees are much younger than private sector retirees.
“They enlist in their 20’s and retire in their 40’s. Very few stay on till they are 62 — those who may be lucky enough to escape major injuries at war, or rose to higher echelons in the military system,” Jennifer Liberto wrote.
That means a retired Marine Gunnery Sergeant would lose about $3,700 per year. over 20 years, that could balloon to over $80,000.
It seems that the military is taking the brunt of the budget cuts.
Not only did they get screwed on their pay raise, the DOD wants to eliminate base commissaries, and Obama wants military personnel to pay more for their own medical care.
It’s time voters stood up and said, “Enough.”
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