Obama’s Roman orgy of wealth redistribution funded on the backs of America’s veterans

Obama’s Roman orgy of wealth redistribution funded on the backs of America’s veterans

The administration plans to cut the military pensions of those who served their country while giving public employees a break by exempting their ObamaCare subsidies from sequestration.

On the heels of announcing that Army troop levels will be cut below pre-World War II levels, the Military Times has reported that the Obama administration is planning to reduce military pension costs by 10% by converting part of their retirement to 401(k)-like defined-contribution plans from defined-benefit plans.

What makes this interesting is that it affects military retirees and members of the military who are non-union and therefore can’t strike or engage in collective bargaining. Public-sector union employees will retain their defined-benefit plans.

So, those who defend this country will be cut while those who feed at the public trough and whose union dues provide a ready supply of campaign cash will not.

 

(h/t Weasel Zippers)

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