Boston Globe:
NASHUA, N.H. — During a standing-room only town hall meeting tonight at a Veterans of Foreign Wars meeting hall, Mitt Romney dug into a wide array of policy issues, including how he would change entitlement programs like Social Security.
“The number of years that Social Security remains solvent is less than you would hope,” Romney said, adding those slated to retire soon will be fine. “… The question is, what are we going to do for those in their 20s, 30s, 40s, early 50s?”
To protect benefits of younger workers, Romney cited three options to cut Social Security costs. First, raising the retirement age, currently 67 for those born after 1960. Second, creating a “means test,” which would add need as a factor into the money retirees receive. Third, calculating payments using the consumer price index, rather than the wage index.
Raising taxes was not an option, he said.
Link:
http://www.boston.com/Boston/politicalintelligence/2011/08/romney-backs-benefit-changes-meeting/pzIis8h66JfhpSlc1nvjZJ/index.html