Sandra Fluke breathes a huge sigh of relief: CPI won’t be fixed

Sandra Fluke spends a lot of time thinking about government-subsidized birth control. She doesn’t spend nearly as much time thinking about the unsustainable growth in entitlement spending or the national debt ($16 trillion and counting).

Boooring!

Most economists seem to agree that switching to a new measure of inflation — chained CPI — would ensure that Social Security benefits are properly adjusted for inflation.

The reform would result in higher tax revenue — an estimated $95 billion during the next decade.  But it would also result in $80 billion less being spent on Social Security — hence Fluke’s gratitude that this modest reform is reportedly no longer under consideration on Capitol Hill.

Sadly, Fluke’s mindset is prevalent among young voters, i.e., the very people who have the most to lose from unbridled entitlement spending.

And that is one of the reasons why Mitt Romney lost the election:

Romney won voters over age 30 by a 1.5-point margin, but their slight preference for the Republican nominee was swamped by Obama’s decisive 24-point victory among 18-29 year old voters.

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