Biden Effect: US Troops Getting Pay Cut When Inflation Is Factored In

Joe Biden gave troops a 2.7% pay raise in his new National Defense Authorization Act.

However, when factoring in the inflation he caused they actually get a pay cut.

From Fox News:

The 2022 National Defense Authorization Act signed by President Biden Monday included a 2.7% raise for service members in the U.S. military, which amounts to a pay cut when factoring inflation.

The 2.7% rise in pay comes as prices continue to surge for American consumers, with the latest statistics from the U.S. Bureau of Labor Statistics showing that the Consumer Price Index has risen 6.8% over the last 12 months.

Increases in prices have been especially steep in goods Americans consume most, with the price of food rising 6.1% and the price of gasoline rising 58.1% over the last 12 months.

“The situation is serious now because we have not seen this level of inflation in decades,” American Enterprise Institute Senior Fellow John G. Ferrari told Fox News Tuesday.

For the antidote to media bias, check out

The Palmieri Report is a Pro-America News Outlet founded by Jacob Palmieri. The Palmieri Report is dedicated to giving people the truth so that they can form their own informed political opinions. You can help us beat Big Tech by following us on GETTR , Telegram, and Rumble.

We appreciate feedback. Click here to send us any comments and corrections. 

Listen to our Daily News Podcast!

Share Your Thoughts

We have no tolerance for comments containing violence, racism, profanity, vulgarity, doxing, or discourteous behavior. Thank you for partnering with us to maintain fruitful conversation.