Social Security and Medicare are huge costs to taxpayers. Since much of these costs are associated with older folks, Obama thinks one way to help with these costs is to inflate the cost of meat, which probably will contribute to lowering the nutritional needs of the elderly, who are on a fixed income. Poor nutrition? Higher mortality rate.
No, he didn't really say that, but this article shows he's far from being a clear thinker and has little regard for the people that kept the United States going, while he smoked dope and cheated his way through college.
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