“We’re talking about a $650 million to $700 million economic impact to the region,” Seavey told commissioners. It’s the first real test of Maine’s mining law, considered to be one of the toughest in the nation. The project needs to break through major hurdles with state agencies before it can make real movement, including rezoning approval from the state’s Land Use Planning Commission. Mining project supporters tout the advantages of bringing more employment to a rural area where jobs can be hard to come by, but environmentalists have pushed back, fearing harmful effects on fish and wildlife, among other concerns. Wolfden promises about 272 jobs once the project is fully operational, and it would benefit residents of Piscataquis County, along with those in Aroostook and Penobscot counties, he told commissioners. The company owns about 7,000 acres in T6 R6 WELS, an unorganized township near Patten, where it wants to extract a large mineral deposit following Maine’s strict standards, he said. King’s Social Security reform plan.John Seavey, a Dover-Foxcroft resident and Wolfden representative, told Piscataquis County’s commissioners about the project Tuesday. Cassidy’s letter clarifying the content of his and Sen. King were working on never included a proposal to raise the retirement age.Īs the program will likely be further strained in the coming years by the rising average age of the American population, rampant economic inflation is continuing to play havoc with Americans’ finances and could likely see the next Social Security cost of living adjustment reduced in 2024 according to data from the Senior Citizens League.Įditor’s note: This story has been updated to include Sen. Cassidy later said in a letter to the editor at the Bangor Daily News that the plan he and Sen. The backlash in King’s home state of Maine to the reporting was swift, with its largest union condemning any proposal that would raise the retirement age. senators - Angus King (I) and Bill Cassidy (R) - was reportedly considering a plan that would gradually raise the retirement age under the Social Security program to 70 in order to keep the trust fund solvent. In March, it was reported by Semafor that a bipartisan group led by two U.S. Proposals designed to address the program’s solvency have been met either with opposition or silence. Political indecisiveness on the subject of the Social Security program continues to plague politicians in Washington, D.C. “There’s a cloud of doubt hanging over the quality of life they’ll have when they retire, especially among those between 35 and 64 years of age.” “When it comes to the golden years, Americans young, old and in-between share the same worry,” Kilic told the outlet. Osman Kilic, a Quinnipiac professor of finance and business, told Yahoo Finance that the survey results reflect concern among older and younger Americans alike. “Nearly 7 in 10 Americans (68%) say they are either very concerned (33%) or somewhat concerned (35%) that they will not have enough money to live comfortably during retirement, while roughly 3 in 10 Americans (31%) say they are not so concerned (16%) or not concerned at all (15%),” the survey results said. Only 30% of respondents answered affirmatively while 62% answered negatively.Ĭoncerns about retirement are also front-of-mind for many Americans determining what their lives will look like after ending their careers, according to the results. The survey itself, released at the end of March, additionally contextualized the question by asking if respondents would support raising the retirement age if it means that the program’s benefits would last longer. That poll found that 78% of surveyed Americans do not want to see the full retirement age raised from 67 to 70, according to recent reporting at Yahoo Finance. The American Social Security program continues to be a flashpoint for many voters, and politicians who are determined to bring its trust fund into solvency through cuts or raising the retirement age could run into serious opposition from voters, according to a recent Quinnipiac University national poll.
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