Saturday, January 25, 2014

Senate Vote Upcoming on Veterans Pension Cuts

The United States Senate may vote soon on restoring the cuts to retired Veterans. The latest budget passed by Congress sliced $6 billion off the budget by reducing the Cost of Living Allowance (COLA) raises per year by 1%. For many veterans who retired expecting a pension from the government for their many years of service this was a kick in the teeth. Congress needs to reduce the deficit and balance the books but there are other places to do this. They should be looking at the payments made to those who are chronically unemployed ($8 billion was recently voted to extend freebies for three more months), eliminating expensive weapons systems, reducing pork barrel expenditures, and developing efficiencies within a bloated government that needs downsizing. Congress should not be punishing one of the most productive segments of society. Read more in "Senate could vote to restore $6B military pension cut next week", DEFCON Hill Blog, January 21, 2014.

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