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Military Update: Veterans could see benefits cut in effort to reduce federal deficit

Military Update: Veterans could see benefits cut in effort to reduce federal deficit

By For The Times of Trenton
on November 18, 2013 at 7:30 AM, updated November 18, 2013 at 7:34 AM
by Tom Philpott

Military members, retirees and veterans have a few more reasons to be wary of politicians who say their top priority is to cut federal spending.

The Congressional Budget Office on Wednesday released a report of more than 100 options for reducing budget deficits. It’s a timely product as House and Senate conferees strive to negotiate by mid-December a new debt-cutting deal to replace automatic budget cuts of sequestration.

More than a few of the CBO options are fresh ideas to roll back compensation for categories of veterans or to raise TRICARE fees for military retirees, on suggestions that the government is being too generous.

To be fair, CBO is not singling out veterans here. There are options in the report to make nervous many segments of society dependent on federal payments, from Social Security recipients to drug manufacturers.

Read more; http://www.nj.com/mercer/index.ssf/2013/11/military_update_v...