Each year at this time our attention turns to D.C. as we wait to hear what next year's Military pay raise will be. This year is no different, and like previous years there are at least two proposals on the table, one from the House and another from the White House. Unlike past raises, this years proposals are quite small.
This year the White House is requesting a meager 1.4 percent across-the-board increase while the House of Representatives is leaning toward a 1.9 percent increase. Both proposals are well below last year's and reflect several issues driving many of the decisions made in D.C. this year; low inflation and high deficits, in addition to renewed a call to reevaluate the way we address military compensation.