Re: I'm retiring as soon as I can: Senate passes budget slashing civilian agency fund
This is going to happen - sooner rather than later...
My biggest complaint is that I would rather not receive a pension and instead have maybe half of those contributions placed in my TSP account instead. Maybe as an extended match to 7% or so. Why should I contribute 6% or 10% of my gross salary to the 'G Fund' and have it permanently allocated to the 'G Fund'. That is what our pension is - and, it does not even fund the pension 'obligations'. This will likely not affect me. The last one affected new hires, but it is a very bad deal.
Anyway, they need to cut $500 Billion out of Obama's spending to balance the budget and they are squealing about $24 Billion. Out of spending of $3,500 Billion. Cutting 0.7% of the spending is cutting to the bone???
Finally, see were some of the first cuts are coming from. Those are the easy targets of current politicians. They can plead poverty and renege on promises of past politicians. This is not a true renege because we have no promise of future employment from the gubmint and because pension contribution changes will likely be for new employees - but what happens if we continue to spend a half trillion more than we take in.
Lookin' up at the 'G Fund'!!!
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