Congress does not have a policy permitting retirement at full pay after one term. Congress critters are on FERS, which is the same federal retirement program as the rest of the Federal government. In 1984, congressmen were on another program, CSRS, and did not pay into Social Security. They also were not eligible for social security, so that is a wash. You can google congressional retirement plans any time you like. It’s publicly available information available here.
Congress critters do not exempt themselves from the health care reform legislation – check here. They have a valid health care plan, and that is all that is required. I’m on the same health care plan I was on when the legislation went into affect. The only impact it has had on me is actually on my children, since they will be covered by my plan for five additional years, thanks to that legislation. I’m not exempt from health care reform, I was already involved in a health care plan, so the new legislation had little impact on my life.
Hey! most of the federal deficit was paid to American Corporations.The money is still in the U.S, or at least held by U.S. citizens – most of it went to the U.S. military industrial complex. The bombs and bullets went away, but the cash is either here or in off-shore accounts. When are those trillions going to trickle down to us, the hoi polloi? Methinks they won’t. Never. Trickle down doesn’t work when the corporations are handing out record-breaking bonuses during years when their companies claim losses. I’m guessing that a lot of that money is going into off-shore accounts.
I’m not in the life-boat yet, so I’m kind of pissed that they’re pulling in the ropes.