The author with his granddaughter at West Meadow Beach.
By Thomas M. Cassidy
Thomas M. Cassidy
According to a new CNBC poll, Social Security is a top issue for most American voters, so let’s strengthen this vital program rather than water it down.
Social Security has provided essential economic support for Americans for almost 100 years. The program, which provides workers with inflation-protected retirement, disability and survivorship benefits, is a model for the world: It’s such an effective, efficient and easy-to-understand program that its principal features have been adopted by more than 170 countries.
Social Security is not a welfare program; it’s paid for by workers. For 2024, workers are taxed 12.4% on their income up to $168,600. If you work for someone, a 6.2% tax is taken out of your paycheck and your employer pays the other 6.2%. If you are self-employed, you pay the full 12.4% when you file your taxes. The more years you work, the more tax you pay and the higher your benefit.
However, the trustees of the Social Security trust fund estimate that Social Security will be able to pay 100% of scheduled benefits only until 2033, and “at that time, the fund’s reserves will become depleted and continuing program income will be sufficient to pay 79 percent of scheduled benefits.”
One proposed solution has been raising the full retirement age from 67 to 70. But that would hurt millennials and Gen Z workers and gain us only a few more years of solvency. Twenty-five or 30 years from now, monthly Social Security checks might be the only lifeline to keep retired workers from poverty. Keep in mind: People can’t work into their older years if artificial intelligence takes their jobs, and Goldman Sachs estimates that 25% of current work tasks could be automated by AI.
There is another solution.
Medicare and Medicaid programs have wasted trillions of taxpayer dollars since the beginning of this century, money that could have been used to fully fund the Social Security Trust Fund. For example, the Government Accountability Office estimates the combined Medicare and Medicaid programs paid out more than $100 billion in improper payments in 2023 alone.
As a former senior investigator for the New York State Attorney General’s Medicaid Fraud Control Unit, it’s disheartening to see that every year hundreds of billions of dollars are stolen from government health programs, especially knowing that the taxpayer money stolen from these essential, but dysfunctional, programs could keep Social Security on track.
President John F. Kennedy said, “One true measure of a nation is its success in fulfilling the promise of a better life for each of its members.” Fully funding Social Security will help us keep our promise for a better life for millennials, Gen Z and future generations of Americans.
Thomas M. Cassidy, an economist, is the creator of the TV series, Manhattan South, which is in development. (ktpgproductions.com)
Brookhaven Town Councilwoman Jane Bonner is up against Coram resident Democrat Mike Goodman to represent the 2nd Council District Nov. 7. Photos by Kevin Redding
Coram resident Mike Goodman is running against incumbent Town of Brookhaven Councilwoman Jane Bonner (C-Rocky Point) because he said he thinks he could bring positive changes to the town — ones that will streamline services, create more jobs, keep young folks on Long Island and make transparency changes with lasting effects.
An English major from St. Joseph’s College, who also studied religion and computer science, the Democrat challenger said he takes major issue with the lack of job creation and affordable housing in the town.
Flooding in Rocky Point has been a cause for concern in relation to sewers on the North Shore. File photo from Sara Wainwright
“My brother is a recent graduate, he’s a really smart, great, hard-working guy and it’s hard for him to find a place to live here, and I’ve seen all my friends leave for the same reason,” he said. “I want to put a stop to the brain drain. There are a lot of companies that don’t come here because it takes so long to deal with the bureaucracy of the town. I’m personally affected by a lot of these problems.”
Bonner, who is running for her sixth term at the helm of the 2nd Council District, said during a debate at the TBR News Media office in October she didn’t know if it’s her 27-year-old opponent’s age or inexperience but he lacks knowledge of affordable housing issues.
“To say you want more affordable housing, it’s a lofty and noble goal, it just has to make sense where you put it,” she said.
She also pointed out the flaws in fulfilling some of her opponent’s goals in her district, specifically constructing walkable downtowns and affordable housing complexes.
Coram resident Mike Goodman is running for political office for the first time. Photo by Kevin Redding
“Sewers are very expensive and with that, developers are going to want density,” she said. “Density doesn’t work if you don’t have mass transportation to have these walkable downtowns, to have trains and expanded bus system, but also the county cut the bus system in the districts that I represent and the current legislator wrote a letter to not bring sewers to Rocky Point and Sound Beach. We don’t have expanded gas lines in Rocky Point either, and the seniors in the leisure communities are struggling with getting heat. As the closest level of government to the people that’s responsible for the least amount of your tax bill, we are great advocates to other levels of government to help the residents out because we’re the ones that end up cleaning up the mess.”
Goodman also suggested more housing attractive in price and environment to millennials, and Bonner pointed to the current project proposed for the site next to King Kullen in Mount Sinai, but also pointed to issues with affordable housing.
Stimulating job creation was a goal raised by both candidates.
Bonner said 500,000 positions could be created if Brookhaven wins the bid to bring an Amazon headquarters to the Calabro Airport in Mastic and the site of former Dowling College.
“Something that takes 45 days to get cleared with any other town takes two years to do here,” Goodman said in response. “I don’t think Amazon of all companies wants to deal with a town that’s bragging about recently getting computers. If we want to deal with the tech sector, if we want to have good paying jobs in manufacturing or technology, instead of the more and more retail I see happening, we need to attract big businesses here, and that happens by streamlining bureaucracy.”
Millennial housing was a topic for discussion, which there are plans to construct in Mount Sinai. Image top right from Basser Kaufman
The Newfield High School graduate pointed to his software development background at Hauppauge-based Globegistics, and side business building websites and fixing computers, as evidence of his abilities to cut administrative “red tape.”
“I would like a publicly-facing forum,” he said, referring to a ticketing system like JIRA, a highly customizable issue-management tracking platform. “Everyone can see all of the issues that have been called into the town, who in the town is working on it, how long it will take to get done and what it’s going to cost. I think town contracts should be made public so people can see who is getting the work done and how much they’re being paid, so people aren’t just getting family members jobs.”
Bonner emphasized many of hers and the town’s efforts in streamlining services, managing land use and implementation of technology, but also noted her and her colleagues’ desire for transparency.
“I think it is an overused expression, because I don’t know any person I work with on any level of government that doesn’t advocate for transparency; gone are the days of Crookhaven,” she said. “We’ve become more user-friendly, we aren’t as archaic as we used to be.”
Brookhaven Town Councilwoman Jane Bonner is seeking her sixth term. Photo by Kevin Redding
Bonner has a long list of accomplishments she said she’s proud of playing a part in during her 12 years on the board. Bringing single-stream recycling to her constituents; refurbishing and redoing most of the parks and marinas; and working on a land use plan for the solar farm at the old golf course grounds in Shoreham that will generate about $1 million in PILOT payments for 20 years were some of the examples she noted.
She said she is also looking forward to improving handicap accessibility at town parks.
“When you’re walking in a particular park you see maybe a park needs a handicap swing and think about where in the budget you can get the money for it,” Bonner said. “The longer you’re at it there’s good things you get to do, they’re very gratifying.”
Goodman said he’s hoping to just create a better Brookhaven for the future.
“I’m running to make the town I’ve always lived in better, and not just better now, but better 10, 20 years from now,” he said. “I think there’s a lot of things that can be done better, I want to do the work and I think I’m qualified to do the work.”
The current councilwoman said she hopes to continue to improve and build on the things already accomplished.
“The longer you serve, the more layers you can peel back in the onion and you see problems that need to be solved,” Bonner said. “With length of service you can really get to the root of the problem, solve it significantly and hopefully, permanently.”
