He's a piece of shit, that's all there is to it:
A particularly cruel measure would target Social Security, reducing future payments to beneficiaries by using a new formula for calculating adjustments for inflation. Called the “Chained C.P.I.” (in reference to the Consumer Price Index), the change would generate $130 billion in savings and $100 billion in revenue as a result of the impact of the formula change on other government programs. The measure has been long sought by Republicans.
The “chained” formula contains statistical assumptions that lead to a Social Security increase lower than the rate of inflation, even though critics point out that the elderly spend a disproportionate amount on health care and other goods whose prices are rising at a much faster rate.
This proposal for reducing the real income of Social Security recipients needs to be placed in perspective. The median income of Americans over the age of 65 is less than $20,000 year, and nearly 70 percent of those on Social Security rely on these benefits—which average less than $15,000 a year—for more than half their income. The proposed change in inflation adjustments for Social Security would have the effect of driving millions of seniors deeper into poverty.
The fucker doesn't care about seniors. He is more worried about his standing among historians than he is about whether what he is doing is in the best interests of the American people.
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