PELLEY: How would you change Social Security?
ROMNEY: Well, again, no change in Social Security for -- for those that are in retirement or near retirement. What I'd do with Social Security is say this: that again, people with higher incomes won't get the same high growth rate in their benefits as people of lower incomes. People who rely on Social Security should see the same kind of growth rate they've had in the past. But higher income folks would receive a little less.
PELLEY: So that in the Romney administration, in the Romney plan, there would be means testing for Social Security and for Medicare?
ROMNEY: That's correct. Higher-income people won't get as much as lower-income people. And by virtue of doing that -- and again, that's for future retirees. For -- by virtue of doing that, you are able to save these programs on a permanent basis.I don't know what he means. If he is talking merely about reducing the cost of living adjustment for higher income recipients, this makes no sense. You can't possibly "save" Social Security that way. General means testing of Title II of the Social Security Act could do the trick but would be unpopular. The ambiguity suggests that he is talking about general means testing.