ARLINGTON, Va., Dec. 17, 2013 /PRNewswire-USNewswire/ -- A new video ad produced by Concerned Veterans for America (CVA) criticizes the recent Congressional budget deal for slashing retirement pay for military veterans while avoiding needed reform to reduce runaway government spending and debt.
The 30-second ad notes that the spending deal agreed to last week by Republican and Democratic budget leaders in Congress fails to address the nation's unsustainable spending and towering $17 trillion debt. At the same time, the deal finds only marginal savings by reducing payments to military retirees.
According to a December 16 Washington Post report, the budget deal "would reduce cost-of-living adjustments for working-age military retirees by 1 percent starting in December 2015." The report adds that the move would save only about $6 billion, while the overall budget deal ignores rampant overspending and needed reforms in other categories—like entitlement programs and the tax code.
The ad is currently running in Washington, DC on Fox News Channel, CNN, and MSNBC and will run through this week.
"Given our more than $17 trillion debt, there's a broad consensus that Washington cannot continue spending at the current rate," said Pete Hegseth, CEO of CVA. "Unfortunately, instead of making the tough choices to get spending under control by tackling areas where spending is rampant and unsustainable, Congress decided it would be easier to take money out of the pockets of the men and women who have fought and served in defense of our nation. Not only does this deal not address America's spending addiction, it egregiously breaks faith with America's military veterans.
"The deal shows a stunning lack of respect for the contributions of America's heroes, and reflects the dispiriting reality that our leaders in Washington remain unwilling to tackle the long-term debt that poses such a serious threat to our nation's future," Hegseth concluded.
The ad concludes with a call for viewers to contact their senators and demand real spending reform.
Concerned Veterans for America is a nation-wide, non-profit veteran's organization established to advocate for policies that will preserve the freedom, liberty, and prosperity that veterans and their families have so proudly fought and sacrificed to defend. Since April of 2012, over 152,000 Americans have joined CVA on Facebook.
Video with caption: "A new video ad produced by Concerned Veterans for America (CVA) criticizes the recent Ryan/Murray Congressional budget deal for slashing retirement pay for military veterans while avoiding needed reform to reduce runaway government spending and debt." Video available at: http://www.youtube.com/watch?v=7v4pHeCCkfw&feature=youtu.be
SOURCE Concerned Veterans for America