DoD Sequestration News

This week in DoD sequestration news

| March 27, 2015

In Congressional testimony this week, armed services leaders testified that troop readiness is “at a troubling low point.” The Air Force vice chief said his service could not meet the president’s FY16 plan if DoD is once again subjected to the full effects of sequestration. The deputy commandant for aviation of the Marine Corps said that due to budget cuts nearly 20 percent of flight inventory is not operable to fly. Maintenance depots are short-staffed by 700. And military R&D would suffer not only from cuts to modernization efforts but also by hiring and retaining qualified staff including engineers and scientists.

That brings me to the federal budget. The House passed its version of the 2016 budget on Wednesday, while the Senate’s budget debate is expected to last into Friday morning. Both houses’ budgets call for $5 trillion in deficit reduction and increased defense spending. Upon passing of the Senate’s bill, both houses are supposed to work together to create one plan, and then legislation will be drawn up based on that plan. President Obama has said he will veto any legislation that leaves sequestration in place.

Sources: militarytimes.com, defensenews.com, federalnewsradio.com



Pay raise caps taking financial toll on career servicemembers

| March 24, 2015

A second year of sequestration-fueled cuts to annual military pay increases is taking a financial toll on America’s career servicemembers.

The latest results of the First Command Financial Behaviors Index® reveal that reductions in annual pay increases are a significant sequestration concern of middle-class military families (commissioned officers and senior NCOs in pay grades E-6 and above with household incomes of at least $50,000).

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DoD Sequestration News

This week in DoD sequestration news

| March 20, 2015

Almost three-quarters of military families surveyed in the latest First Command Financial Behaviors Index® (FBI) study continue to be anxious about cuts to defense spending. Correspondingly, over three-quarters expect to be at least somewhat financially impacted by the potential cuts and one-third of these expect to be extremely or very impacted by cuts.

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DoD Sequestration News

This week in DoD sequestration news

| March 13, 2015

Senate Appropriations Committee Hearings

Wednesday’s Senate Appropriations hearing on the Army’s budget included plenty of “not in my backyard” language. Army Secretary John McHugh and Chief of Staff Gen.

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Family with house and car on green grass

Five insurance “don’ts”

| March 3, 2015

Lower insurance prices can be tempting; however, you should not leave yourself un- or under-protected simply to save money.

Some things to avoid when evaluating your personal insurance coverage:

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DoD Sequestration News

This week in DoD sequestration news

| February 27, 2015

In my February 13 post, I wrote about the concerns servicemembers have about cuts to defense spending and sequestration. Below are their concerns compared with those of the general population surveyed in the most recent First Command Financial Behaviors Index® report.

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Tips for buying a home.

Tips for buying a home

| February 23, 2015

If your plans for 2015 include purchasing a home, here are a few things to keep in mind to prepare for the home buying process.

Check your credit report – Mortgage lenders will carefully scrutinize your credit history to determine your creditworthiness.

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DoD Sequestration News

This week in DoD sequestration news

| February 20, 2015

This week the talk has all surrounded the OMB Sequestration Preview Report to the President and Congress for Fiscal Year 2016. Just like 14 months ago, now there’s another waiting game to see if Congress can come up with a plan similar to the 2014 Budget Control Act designed by Sen.

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Transitioning from Military Service

Transitioning careers? You have options!

| February 16, 2015

As the Director of Recruiting for First Command, I’ve found military experience is a strong leading indicator for success. Transitioning military servicemembers tend to have the right combination of intangible qualities we look for in candidates – traits like a strong work ethic, a character worthy of trust and a willingness to be coached.

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DoD Sequestration News

This week in DoD sequestration news

| February 13, 2015

Servicemembers continue to be concerned about cuts to defense spending and sequestration. The latest findings of the First Command Financial Behaviors Index® reveal that more than three-quarters of military families (78 percent) are somewhat or extremely anxious about these cuts.

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