By Tyler Durden

One day after President Biden proposed raising taxes on high-earning Americans to keep Medicare afloat, the Washington Post reports that Biden is now expected to float a 5.2 percent pay raise for federal employees, the largest salary boost since Jimmy Carter was president.

The raise, which would apply to 2.1 million workers, would go into effect in January as part of Biden’s fiscal year budget that starts Oct. 1, according to an anonymous senior federal official. It would be the largest since Jimmy Carter’s 9.1 percent increase in 1980, but would still fall short of the 8.7 percent raise called for by Congressional Democrats and federal employee unions.

fighting inflation with… more inflation https://t.co/siTNUQB3MI

— Christian Fromhertz