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Defense Policy Org News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Detailed text transcripts for TV channel - MSNBC - 20131227:18:47:00

the annual cost of living adjustments will be cut for veterans under age 62. the cuts will save the government some $6 billion over a decade. alex nicholson is the legislative director at iraq and afghanistan veterans of america and editor at defense policy.org. and alex, with a welcome to you, i m curious what you ve been hearing from your members this week. how has the legislation impacted them? you know, it s causing a lot of anxiety among veterans and service members and families. this may seem like a small cut, 1% off of the annual cola increase, until you turn ask a. but over the course of years this adds up to tens of thousands of dollars on average. if you re an officer who retires, it s over $100,000 that the government is taking back, that they already promised you. this is a big deal to veterans and military families. absolutely. just this week, a couple of members of congress introduced some bills that would repeal the cuts. you have senator kelley ayotte.

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