View Full Version : "Railroaded" in retirement
From page 8 of this weeks Army Times -
"Railroaded" in retirement
The VFW is a tad upset with the planned retirement reform commission. Of the 9 member board 6 will be picked by Congress and 3 by the President.
What is ticking of the VFW is that the DoD proposal will limit the members with Military experience to a minimum of three, but no more than four. It will only take five votes to pass the recommendations so that means all - potentially 4 - members with military experience could vote against it - and it still pass.
Yes, folks, you better get out of the tunnel and off the tracks 'cause that's the train's light you see coming at you.
Remember - what ever changes are made to retirement - it will never change back. Whatever happens to retention we'll never be able to afford it.
The workings of an administration who loathes the military.
Ghost_Team
04-23-2012, 16:04
We've had this discussion at the office before, and my point of view is that they will take every nickel of our retirement before they touch one penny of an entitlement.
Also SS will run out in 2016. It's going to take a complete reset to fix our system. I seen 5 active duty guys get out where I work now over the last two years. A few close to the 10 year mark.
Also SS will run out in 2016. It's going to take a complete reset to fix our system. I seen 5 active duty guys get out where I work now over the last two years. A few close to the 10 year mark.
Where'd you get that info? I didn't realize we had any SS funds, per se, anyway. It's structured on futures, kinda like a Ponzi scheme.
The Reaper
04-23-2012, 18:04
And now they are talking about taking some of our 401Ks to pay for those who did not work or save for themselves, I mean, who are not as fortunate. :rolleyes::mad:
TR
And now they are talking about taking some of our 401Ks to pay for those who did not work or save for themselves, I mean, who are not as fortunate. :rolleyes::mad:
TR
In reference to QP TR's post: http://www.nypost.com/p/news/business/plunder_CrD9s6MElVsEIJj2IVgHuK
Capitol Hill politicians are assessing tax changes that could let the Internal Revenue Service lay claim to a portion of the $18 trillion sitting in 401(k) accounts and other tax breaks used by middle-class workers, including cutting the mortgage tax deduction.
A commission looking for ways to close the deficit, and, noting the extent of 401(k) tax breaks, recommends an examination of the system as one way to prevent government bankruptcy.
snip
In reference to QP TR's post: http://www.nypost.com/p/news/business/plunder_CrD9s6MElVsEIJj2IVgHuK
Cash out now, take the 10% hit or lose it forever
Go Devil
04-23-2012, 20:38
Cash out now, take the 10% hit or lose it forever
You mean, ORDNANCE out now. Sounds like a potential bank run. Cash is paper.
GratefulCitizen
04-23-2012, 21:05
Where'd you get that info? I didn't realize we had any SS funds, per se, anyway. It's structured on futures, kinda like a Ponzi scheme.
Money doesn't work the same way for the government as it does for everyone else.
The social security fund is an accounting fiction.
As far as economics is concerned, the "amount" in the fund is absolutely irrelevant.
What happens when the fund hits zero and goes negative? Absolutely nothing.
Just like all other federal spending, what matters is how much is spent, as a percentage of GDP.
All of the taxing, borrowing, adjusting, etc. is just smoke and mirrors.
http://wfhummel.cnchost.com/socialsecurity.html
Money isn't real.
Goods and services are real.
Much of what government does and many compensation schemes, both public and private, are dependent on the people at large not understanding money.
If people don't learn how money works, they pay a serious price for their ignorance.
http://wfhummel.cnchost.com/index.html#6
You mean, ORDNANCE out now. Sounds like a potential bank run. Cash is paper.
Cash out and reinvest in something they can't hijack and that you can control.....gold, silver, copper, whiskey, lead, etc.