Big cuts proposed for military budget -, GA News Weather & Sports

Big cuts proposed for military budget

COLUMBUS, GA (WTVM) -  Big cuts will hit home for thousands of soldiers. The defensebudget could be cut as much as $450 billion, and that may mean much smallerraises for troops because of the proposed budget.

According to the Army Times, the Pentagon slashed the defensebudget cutting $259 billion and pay raises were one of the first things to go.

Right now, the Army Times is reporting that the Army is giving outraises at about 1.7 percent. That will hold steady for the next two years.However under the new budget, those raises could drop.   

Let's take a look at the numbers, if a soldier makes twentythousand a year, and has a pay raise rate of 1.7 percent, they will earn anextra $340 a year.

In 2015 if the rate were to drop to 1.3 percent, that solder'sraise would only be about $260; that is a $60 difference.

The budget cuts could also mean increased healthcare costs forretirees under sixty-five and an even smaller military.

News Leader 9 spoke with an army official who says the proposedplan still has to be approved by congress before it goes into effect.

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