DECLAN MCCULLAGH: Shared Sacrifice Stops with Feds: “President Obama’s call last year for ‘shared sacrifice’ doesn’t extend to federal employees, at least based on the details of his administration’s 2010 budget released this week.”

UPDATE: A reader emails:

I’m a Federal government employee (hired in August 2006), and it is indeed a good time to work for the Feds. Through the magic of compounding, my pay has increased by nearly 15% since my start date! No promotions or “step increases”, just the annual cost of living adjustment.

Mr. Obama can inflate all he wants. My pay is indexed!

Great. Mine’s not . . . .