Family Security Matters
The budget just passed by both houses of Congress and signed into law by President Obama is shameful because it reduces the cost of living allowance (COLA) by 1% for military retirees under age 62.
In an effort for full discloser, I am a retired U.S. Army Reserve Chief Warrant Officer Five and Afghanistan War veteran. This COLA reduction will not affect me because I’ll be 62 by the time the reduction kicks in.
Younger retirees will soon lose tens of thousands of dollars they were promised when they volunteered to join the military. Elected politicians scoff at that because they claim these younger retirees will join the civilian workforce and have additional income in their retirement years. Have they considered how this will affect the over 50,000 retired servicemen and women who suffer from PTSD, Traumatic Brain Injury, or are physically handicapped from the lost of one or more limbs on the battlefields of Iraq or Afghanistan? These wounded warriors, who may never become gainfully employed again, were not exempted from the reduction in the COLA.
I fault both Democrats and Republican members of Congress who in their haste to go home for the Christmas holidays, decided it was more important to get out of town then actually consider the ramifications of their budget vote.