Senators want to cut cost of living raises for veterans?

Well why not since WE HAVEN'T HAD ANY RAISES IN OVER TWO YEARS but hey, someone has to pay for what congress wants to give away to the rich!

Senators endorse lower COLAs for retirees
By Stephen Losey - Staff writer
Posted : Tuesday Jul 19, 2011 16:31:41 EDT
A bipartisan group of a half-dozen senators Tuesday presented a deficit-reduction proposal that would mean smaller annual cost-of-living adjustments for federal and military retirees.

The so-called Gang of Six said the government should switch to the so-called chained Consumer Price Index to set all inflationary adjustments, including COLAs, for federal and military pensions and Social Security payments.

The senators’ plan would cut deficits by about $3.7 trillion over a decade. President Obama called the plan good news and said it appeared to be a balanced approach, though he said the White House was just starting to review its details.
read more here
Senators endorse lower COLAs for retirees