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"Railroaded" in retirement |
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04-23-2012, 16:21
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#1
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Quiet Professional
Pete is offline
Join Date: Feb 2005
Location: Fayetteville
Posts: 9,404
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"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.
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04-23-2012, 16:29
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#2
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Quiet Professional
Dusty is offline
Join Date: Jun 2009
Location: The Ozarks
Posts: 7,764
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The workings of an administration who loathes the military.
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"There you go, again." Ronald Reagan
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04-23-2012, 17:04
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#3
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Quiet Professional
Ghost_Team is offline
Join Date: Nov 2011
Location: Fayetteville, NC
Posts: 129
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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.
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I shall be telling this with a sigh
Somewhere ages and ages hence:
Two roads diverged in a wood, and I -
I took the one less traveled by
And that has made all the difference.
-Robert Frost "The Road Not Taken"
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04-23-2012, 17:37
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#4
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Quiet Professional
kgoerz is offline
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Location: Wilmington, NC
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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.
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Sounds like a s#*t sandwhich, but I'll fight anyone, I'm in.
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04-23-2012, 18:30
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#5
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Quiet Professional
Dusty is offline
Join Date: Jun 2009
Location: The Ozarks
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Quote:
Originally Posted by kgoerz
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.
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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.
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"There you go, again." Ronald Reagan
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04-23-2012, 19:04
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#6
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Quiet Professional
The Reaper is offline
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Location: Free Pineland
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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.  
TR
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De Oppresso Liber 01/20/2017
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04-23-2012, 19:31
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#7
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Guerrilla Chief
BOfH is offline
Join Date: Jun 2011
Location: NYC Area
Posts: 817
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Quote:
Originally Posted by The Reaper
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.
TR |
In reference to QP TR's post: http://www.nypost.com/p/news/busines...lVsEIJj2IVgHuK
Quote:
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
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"Crime is an extension of business through illegal means, politics is an extension of crime through *legal* means."
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04-23-2012, 20:01
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#8
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Area Commander
Paslode is offline
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Location: Kansas
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Quote:
Originally Posted by BOfH
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Cash out now, take the 10% hit or lose it forever
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Quote:
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The corollary from the first position is, that the right of the people to keep and bear arms shall not be infringed. The prohibition is general. No clause in the constitution could by any rule of construction be conceived to give the Congress a power to disarm the people. Such a flagitious attempt could only be made, under some general pretence, by a state legislature. But if in any blind pursuit of inordinate power either should attempt it, this amendment may be appealed to as a restraint on both. - William Rawle
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04-23-2012, 21:38
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#9
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Guerrilla
Go Devil is offline
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Location: Near Water
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Quote:
Originally Posted by Paslode
Cash out now, take the 10% hit or lose it forever
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You mean, ORDNANCE out now. Sounds like a potential bank run. Cash is paper.
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Periculum Per Lumen
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04-23-2012, 22:05
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#10
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Area Commander
GratefulCitizen is offline
Join Date: Aug 2007
Location: Page/Lake Powell, Arizona
Posts: 2,139
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Quote:
Originally Posted by Dusty
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.
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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
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Make a decision, and then make it the right one through your actions.
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Last edited by GratefulCitizen; 04-23-2012 at 22:23.
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04-23-2012, 23:46
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#11
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Area Commander
Paslode is offline
Join Date: Jun 2008
Location: Kansas
Posts: 2,803
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Quote:
Originally Posted by Go Devil
You mean, ORDNANCE out now. Sounds like a potential bank run. Cash is paper.
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Cash out and reinvest in something they can't hijack and that you can control.....gold, silver, copper, whiskey, lead, etc.
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Quote:
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The corollary from the first position is, that the right of the people to keep and bear arms shall not be infringed. The prohibition is general. No clause in the constitution could by any rule of construction be conceived to give the Congress a power to disarm the people. Such a flagitious attempt could only be made, under some general pretence, by a state legislature. But if in any blind pursuit of inordinate power either should attempt it, this amendment may be appealed to as a restraint on both. - William Rawle
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