Preheat the oven to 425 degrees F (220 degrees C) and have a pan heating on the stove top.
Cut up the Thick-Cut Bacon (2 slice) in small cubes.
Cook the bacon until nice and crispy. When most of the fat is rendered away turn off the heat.
In a large bowl, add All-Purpose Flour (2 cup), Baking Powder (2 tablespoon), Salt (1 pinch), Sharp Cheddar Cheese (2 cup) and Fresh Thyme Leaves (2 teaspoon).
Avoiding the fat, put the bacon bits in the flour mixture.
Add Butter (4 tablespoon) that has been cut into cubes into the flour mixture. Use your hands or a dough blender to mix in the butter into the flour.
Make a well in the middle of the flour and add 2% Reduced Fat Milk (1 cup). Add a little at a time and gently fold in the flour until all the milk is inside. Start mixing with your hands just until everything is evenly incorporated.
Greese a pan with the leftover bacon fat. Transfer dough to a lightly floured board. Pat the dough down until its 1/4-inch think. Cut the dough with the rim of a drinking glass that lightly dusted with flour.
Place in the oven for 12 to 15 minutes.
Place on a rack to cool and enjoy!