The dictionary defines “welfare” as “Financial or other aid provided, especially by the government, to people in need.” And according to Roget’s Thesaurus, the synonyms for “welfare” include “public assistance, public works, social aid, unemployment benefits, child welfare, federal aid, poverty program, Social Security, the dole”.
I have a question for FOTM readers who work for a non-government entity and has paid into its retirement system:
“Do you think of your pension as WELFARE?”
I have news for the retired and serving members of the United States Military:
The New York Times thinks your pension is WELFARE.
This is what the Times‘ reporters James Dao and Mary Williams wrote in “Retiree Benefits for the Military Could Face Cuts,” September 18, 2011:
As Washington looks to squeeze savings from once-sacrosanct entitlements like Social Security and Medicare, another big social welfare system is growing as rapidly, but with far less scrutiny: the health and pension benefits of military retirees.
Military pensions and health care for active and retired troops now cost the government about $100 billion a year, representing an expanding portion of both the Pentagon budget — about $700 billion a year, including war costs — and the national debt, which together finance the programs.
Nice to know that the New York Times thinks your military pension is synonymous with “public assistance” and the dole”!