Post by peterd on Nov 19, 2012 13:25:47 GMT -8
Avoiding the ‘Fiscal Cliff’ May be as Painful as Going Over It
This week Tom Philpott reported that the Congressional Budget Office has put a red “laser dot” on future pay raises, TRICARE, and future retirement benefits.
In their report, the CBO says annual military pay raises have exceeded civilian wage growth over the last 10 years. In fact the CBO estimates that military pay increased by 52 percent from 2002 to 2010 while civilian wages rose only 24 percent.
militaryadvantage.military.com/2012/11/avoiding-the-fiscal-cliff-could-be-equally-painful/
This week Tom Philpott reported that the Congressional Budget Office has put a red “laser dot” on future pay raises, TRICARE, and future retirement benefits.
In their report, the CBO says annual military pay raises have exceeded civilian wage growth over the last 10 years. In fact the CBO estimates that military pay increased by 52 percent from 2002 to 2010 while civilian wages rose only 24 percent.
militaryadvantage.military.com/2012/11/avoiding-the-fiscal-cliff-could-be-equally-painful/