Thursday, January 16, 2014

Breach of Faith - Congress Reneges on Veteran Promises

In the passing of the omnibus spending bill in mid-January Congress has let it be known that it does not care for the veterans of this country who have fought its wars. In the bill is a measure that reduces the annual Cost of Living Allowance (COLA) raise for military retirees to 1% below the annual cost of living. The reduction of the retirement benefit will save the government about $6 billion. They certainly wasted no time in finding the money to extend unemployment benefits for another three months (approximately $6.5 billion). So essentially Congress took promised benefits from those who earned it in combat zones and gave the savings to those "chronically unemployed" who "can't find work". Read more in "COLA fixes miss the mark", Army Times, January 14, 2014.

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