She also gave Rick Perry a tutorial:
What Rick Perry was trying to say, I believe, is that there needs to be reform. Status quo is not acceptable, because these programs are insolvent. And especially with fewer and fewer jobs in this country because of fewer and fewer opportunities for industry in this country, you have fewer payers into the system, you have more recipients of what the benefit is. So he’s saying reform is necessary.
Update by Doug: Here’s part two of Governor Palin’s interview with Megyn Kelly: