Heck Proves Luxor Isn’t Most Popular Vegas Pyramid
LAS VEGAS (AP) — A Nevada congressman who called Social Security a pyramid scheme now says he meant to describe it as an inverted pyramid.
Republican Joe Heck told The Associated Press on Thursday that he wanted to create a visual description of the unsustainability of the program as the number of people collecting benefits soars while the number of contributing workers decreases.
Heck made the pyramid scheme comment during a May town hall meeting.
Heck didn’t apologize when the comment was met with disapproval from his audience. But he did issue a mea culpa after Democrats last week circulated a video of the town hall.
The Social Security Administration estimates nearly 80 million Americans will become eligible for Social Security benefits over the next two decades as the nation grows older.
Copyright 2011 The Associated Press.