Military Personnel Face Cuts To Pay, Benefits – 18 November 2013

Market Watch

By Julian E. Barnes

SIMI VALLEY, Calif. — The U.S. military’s top commanders, groping for ways to cope with a shrinking Pentagon budget, have agreed to a plan that would curb the growth of pay and benefits for housing, education and health — prized features of military life that for years have been spared from cuts.

Gen. Martin Dempsey, chairman of the Joint Chiefs of Staff, said in a weekend interview that without such changes, the cost of military personnel would soon rise to 60% from about half of the defense budget.

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