Dreaming On A Summer's Afternoon
Appearing on the Sunday talk shows, Representative Michele Bachmann was asked about her intransigent position against raising the debt ceiling. She took it as an opportunity to makeclear her undying support for members of the armed services.
This was more than just another example of the Minnesota congresswoman staring ahead and repeating her talking points ad nauseum. No politician ever lost a vote by declaring his or her allegiance to "our brave fighting men" or, nowaday, men and women, and serving the needs of a uniquely courageous segment of the population usually is good policy, also.
In a rare joint appearance with Secretary of State Hillary Clinton at the National Defense University Tuesday, Secretary of Defense Leon Panetta confirmed a CBS News report that the Pentagon is considering a dramatic plan to overhaul the military's once sacrosanct retirement plan.
According to CBS, the plan "would eliminate the familiar system under which anyone who serves 20 years is eligible for retirement at half their salary. Instead, they'd get a 401K- style plan with government contributions."
Panetta largely confirmed the report with a key caveat....
"That report came as a result of an advisory group that was asked (sic) by my predecessor Bob Gates to look at the retirement issue," he said....
Under the plan, drafted by the Defense Business Board, retired service members would have to wait until standard retirement age before touching their pensions. It would reportedly save $250 billion over two decades.
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