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Military Soon Will Pay More For Former Soldiers Than Current Ones

Tuesday, June 12, 2012

The Pentagon soon will spend more on health care and other benefits for former military personnel than on the men and women fighting today’s conflicts, according to a new study.

A Bipartisan Policy Center study group composed of former defense officials is warning that in 2014 the “cost of veterans’ benefits will exceed [the] amount spent on active-duty troops.”

If Congress fails to pass a broad debt-reduction package this year that would reduce the federal debt by $1.2 trillion, around $500 billion in separate cuts to defense and domestic entitlement budgets would go into effect Jan. 1. The impact would force government entities like the Pentagon to cancel contracts, lay off workers and terminate programs.

2012-06-12 00:00:00
Study Group: As Force Shrinks, Personnel Bills Will Grow