September 2, 2014

U.S. Budget Week: Congress Reverses Modest Military Entitlement Reform

Budget Expert: Hill Vote To Cancel Military Pension Reform 'Deeply Discouraging'
February 14, 2014
Market News International (MNI)

Excerpt

Robert Bixby, executive director of the Concord Coalition, said the most consequential fiscal policy action of the week was the large bipartisan vote in both chambers to rescind a recently enacted 1 percentage point reduction in cost-of-living adjustments for veterans under 62. Bixby said, "while the cost of this decision was not big in dollar amounts, the message this vote sends is huge. The message Congress sent is this: 'Even if we talk about supporting entitlement reform, we don't really mean it.' When it comes to specific steps to actually scale-back specific entitlement programs both parties oppose those - by huge majorities. This is deeply, deeply discouraging."