Military pay raise---3.5%
Senate Panel Locks in 3.5 Percent Raise
Week of June 04, 2007
The Senate Armed Services Committee practically assured military personnel a 3.5 percent pay raise next January by including that figure in the fiscal 2008 defense authorization bill it approved in late May. The House of Representatives already had voted to give the military a 3.5 pay raise next year, which is a half percentage point higher than proposed the Bush administration. To see the congressionally proposed 3.5% military pay raise for 2008, view the 2008 Proposed Military Pay Charts.
After the House vote, the White House's Office of Management and Budget said the bigger pay raise was "unnecessary" and urged congressional leaders to instead back a 3 percent increase which would match recent wage growth in the private sector. Senate Republicans ignored the White House pleading and joined with Democrats in supporting the bigger raise. For more details about the Senate committee bill, read the article at Military.com.
{They deserve it!!}
Week of June 04, 2007
The Senate Armed Services Committee practically assured military personnel a 3.5 percent pay raise next January by including that figure in the fiscal 2008 defense authorization bill it approved in late May. The House of Representatives already had voted to give the military a 3.5 pay raise next year, which is a half percentage point higher than proposed the Bush administration. To see the congressionally proposed 3.5% military pay raise for 2008, view the 2008 Proposed Military Pay Charts.
After the House vote, the White House's Office of Management and Budget said the bigger pay raise was "unnecessary" and urged congressional leaders to instead back a 3 percent increase which would match recent wage growth in the private sector. Senate Republicans ignored the White House pleading and joined with Democrats in supporting the bigger raise. For more details about the Senate committee bill, read the article at Military.com.
{They deserve it!!}
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That is excellent! Our troops deserve even more!
And it also means that those of us who recieve a VA pension will also recieve that same ammount![:D]0 -
S.O.P.
still the most under paid skilled labor force in america.
20 year vet makes on the average the same as a welfare bums monthly payment.0 -
if we paid more we would probably keep people in the forces longer. 0 -
quote:Originally posted by bobski
S.O.P.
still the most under paid skilled labor force in america.
20 year vet makes on the average the same as a welfare bums monthly payment.
They do?? I've been in for 19 years and for the time being, I'm stateside. I bring in over 60k a year. Once I head over to the sandbox in a few months, I'll be adding about 15k to that. All in all, I'm pretty happy with the pay.0 -
quote:After the House vote, the White House's Office of Management and Budget said the bigger pay raise was "unnecessary"
I'm glad to see the pro-military president is keeping the troops in his thoughts and prayers, but not the budget.[:(!]0 -
3.5% raise, that means an extra $50 dollars a month!! 0 -
quote:Originally posted by bobski
S.O.P.
still the most under paid skilled labor force in america.
20 year vet makes on the average the same as a welfare bums monthly payment.
Yes, but we (as do all Federal Employees)have access to something thta civilians don't have. The Thrift Savings Plan which is a great part of a larger porfolio. The money you dump into it gets deducted from your taxable income. I love it. You can choose from different Index Funds and Lifecycle funds. It's great because you're not taxed on the money before it goes in and you're not taxed on the growth. It's even better than a ROTH. A reasonably self-educated self-directed investor could do better on his/her own but the lack of exposure to income and capital gains taxes up until withdrawl is great! Nowhere in the TSP will you find a Value fund so I wouldn't use the TSP as a stand-alone investing tool but you're not limited to the percentage of your income that you can invest. There's no cap anymore.0 -
lets see how much of that you have when you retire my friend.[;)]
last time i checked, 75k is chicken scratch for what is done to earn it.
ask blackwater.[:0]
ask those truck drivers that drive your supplies around for you too.[:0]0 -
quote:Originally posted by rogue_rob
quote:Originally posted by bobski
S.O.P.
still the most under paid skilled labor force in america.
20 year vet makes on the average the same as a welfare bums monthly payment.
They do?? I've been in for 19 years and for the time being, I'm stateside. I bring in over 60k a year. Once I head over to the sandbox in a few months, I'll be adding about 15k to that. All in all, I'm pretty happy with the pay.
Things are getting better for sure. I just heard Sean Hannity on the radio discussing taxes, say that people who make $200,000.00 a year cannot be considered rich.0
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