How Do Military Pension Cuts Effect You?

Bi partisan budget deal
The debate surrounding the signing of the Bipartisan budget deal by President Obama has been a heated one. America just like other leading economies of the world is undergoing crucial policy change, especially in the financial sector. The recent European Union standoff on the extension of Greek bailout is an indicator of how sensitive public debt issues are now in the ‘west’. It is pursuant to these economic dynamics that the Congress whose majority members are Republican, approved the Bipartisan budget deal, which proposed pension cuts significantly as an effort to reduce the cost of federal expenditure on health and the cost of retirement. This in effect binds the state of MI as federal statutes override state laws. The discourse on military pension cuts might be steered by outrage from the vets, serving members and the public as a whole, but it surely did start on a very noble note in the Reagan administration. The genesis of this idea was from the foresight of the effect of war vets not affording public benefits and services.

Military pension cuts in MI
Those advocating for military pension cuts base their argument on the following reasons;
1. The need to curtail public spending as a way to control the debt ceiling
2. The MI military pension program is a generous and the proposed pension cuts is a modest adjustment.
3. That even though the system was formulated to encourage enrollment in the military it is also in effect, encouraging the service men and women to leave early with hefty packages
4. The generous pension program is counterproductive as it siphons money allocated to defense from current troops and weapons.

These reasons, however, seem not to put into consideration the plight that retired service men and women of Michigan go through after their tours. A vet should not have to come back home and fight for survival after fighting for their country and to defend its ideals. The families of these heroes also need to be taken care if as cognizance of their sacrifice for the state.

Challenges faced by vets
Due to the nature of the occupation, war vets are exposed to a number of challenges when they rejoin society either as retired and honorably discharged or as a result of disability or injury in the line of duty. This has real life implications like;

1. High risk of PTSD
2. Traumatic brain injuries
3. Various forms of disability like severed limbs

These obstacles hinder a normal life and to others it renders them and their families unsustainable. Statistics show that vets face a high unemployment rate of 40% that has risen 20% since 2010. Another fact on the hardship faced by vets is the number of home foreclosures. If the pension cuts are implemented, it’s no rocket science that vets will be exposed to new challenges away from the war front. A battle if survival in their own soil, that enjoys its freedoms and ideals at their expense.