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Feb 17

An Easy Way to Increase Military Retirement Pay

CombinedSenate021714It’s President’s Day so no more formal damage from Washington DC until next week.  But my two Senator’s voted last week to not allow the reduction of military retirees pay.

That deserves some recognition.  Hence my letter to Senators Mark Udall (D-CO) and Michael Bennet (D-CO).

 

Dear Senators Udall & Bennet:

I see you are supposedly ‘home’ doing what you call in the Senate a “State Work Week.”

Well, there’s no question the “State” needs some work, but probably not the sort that you have been providing the Nation.

I see where you both voted to undo the planned reduction in Cost-of-Living Adjustments of retirement pay to some military retirees.  It’s the old reduce the increase and call it a “reduction” trick so common in this administration’s federal government.

I agree that the reduction should not have been considered to begin with – but that doesn’t mean all federal spending should escape cuts – cuts well beyond the baseline budgeting tricks used to circumnavigate the proper budget based spending process.

The last I checked the United States was providing financial assistance to very close to 150 of the 206 sovereign nations[1] on our planet.  We magically increase our federal spending about 6% per year – whether we have any additional revenue or not.

What say we begin, with the next fiscal year, cutting our federal foreign aid by six percent each year.  That would mean beginning in FY 2015 we hold our foreign aid the same as FY2014 (keeping it simple and avoiding that “decrease the increase” trick above).  Then each following year we reduce the previous year’s foreign aid by 6% again, year after year.

Unless they’ve changed the arithmetic I was taught at the US Air Force Academy[2], implementing that program for only six years would reduce our foreign aid to less than 70% of today’s with a total of about $110 billion actually saved during the first six years with a resultant $31 Billion a year available each year thereafter.

Those nations receiving the aid certainly wouldn’t be “cut off” or “left to starve” during that time.  In fact, they might actually have to wean themselves from the US somewhat.  That’s probably something we should be encouraging them to do anyway.  After all, we’re already bankrupt right now so they shouldn’t count on us too much in the future!

We would then have an additional $31 billion a year to pay our military retirees.

Then that money would stay in our economy instead of some dictator’s Swiss account.

We’re watching

Tom Howe – Flying W Ranch – Hotchkiss, Colorado



[1] http://www.numberof.net/number-of-sovereign-states.

[2] But I do not receive any military retirement pay.

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