Kentucky; 43. Most of the states were ill-prepared for any crisis, much less one as severe as massive lockdowns of state economies. This is in part the fault of USPS leadership, ... A United States Postal Service delivery truck. One of the oldest cities in the U.S., Providence, Rhode Island, is a port city … Here are the rankings (from best to worst): Click on the state’s name to learn more about the state’s financial condition on State Data Lab. Stay informed with the latest from CBN News delivered to your inbox. As a financial matter, though the state's real woes start in the doctor's office. And unlike private courier services such as UPS and FedEx, the USPS does not get to set its own prices or excise unprofitable routes. Established in 1775 to promote the free exchange of ideas across the colonies, the United States Postal Service is among the country's oldest government institutions -- and yet it operates with few of the financial benefits of being a federal agency, while still bearing many of the costs. Connecticut; 47. The Breaking Point: Pandemic Pain, Persistent Prayer, and God's Bigger Picture, 'He Has a Plan for Us': Poll Shows Americans Believe COVID Is a Wake-Up Call from God. Learn more about "The Return" at www.TheReturn.org.). In terms of short … Illinois State is ranked as the worst performing in the fiscal stability index. #4 In 2001, nearly 16 million Americans could not afford the homes that they were living in, but by 2015 that number had more than doubled. #7 Many Americans don't realize this, but the United States has the highest rate of illegal drug use on the entire planet. The state is considering temporary stopgaps that help balance the books in the short term but don't cut a projected deficit of about $2.25 billion in 2017-18. All rights reserved. Addiction to these websites has become a major national crisis, and yet very little is being done. The sudden rise during World War I of the United States as the world’s financial hegemon came as a shock. Help us continue to be a voice for truth in the media by supporting CBN News for as little as $1. The United States Postal Service (USPS) is an essential government service, and it is currently in terrible trouble. ... the agency gets no extra financial support when it serves in a crisis. It's a Nineveh moment! "—Revelation 3:1-3. #15 The average rate of economic growth over the past 10 years has been exactly equal to the average rate that the U.S. economy grew during the 1930s. Illinois. Today, 35% of all young men from the age of 21 to the age of 30 "are living at home with their parents or a close relative.". Alaska, $74,200 per taxpayer. There have been as many as 47 recessions in the United States dating back to the Articles of Confederation, and although economists and historians dispute certain 19th-century recessions, the consensus view among economists and historians is that "The cyclical volatility of GDP and unemployment was greater before the Great Depression than it has been since the end of World War II." All times are ET. "The Return" is the gathering to spark a movement to gather, fast, pray and repent for our wickedness. The European debt crisis not only affects our financial markets but also the U.S. government budget. #11 When a federal income tax was introduced in 1913, it was fairly simple, and most taxpayers were taxed at a rate of just 1%. Why should they say among the peoples, 'Where is their God? #14 In 2007, 54% of all Americans were opposed to gay marriage and only 37% wanted it to be legalized. #9 Thanks to decades of unchecked illegal immigration, membership in criminal gangs has absolutely exploded all over the country. #16 Since Roe v. Wade was decided in 1973, nearly 60 million American children have been murdered in America's abortion mills. Postal Service, as the political debate intensifies over future federal aid … We have been stealing money from our children and our grandchildren at the rate of more than $100 million an hour, and yet most Americans don't seem to care that we are rapidly bankrupting our nation. "We don't say that about our health service, or the National Institute of Health. The Postal Service's debt "is a direct result of the mandate that it must ... pre-fund the retiree health plan," the USPS Inspector General, Some policymakers see a chance for reform without resorting to the. That pain has been compounded by … If you can believe it, doctors in the United States write more than 250 million prescriptions for antidepressants each year. Story by Oliver Effron, CNN BusinessVideo by John General, CNN Business, Updated 1402 GMT (2202 HKT) October 6, 2020. Most of us don't want to look at the negative, but few positive glimmers here and there give a false sense of security to what is really happening in our nation. Hawaii; 46. Still, those delayed payments still count as an expense -- meaning that regardless of the agency's financial successes over the last few years, its balance sheets will continue to report enormous losses. So why should we have a different standard for the postal service?". A study of millennials in 22 major industrialized nations conducted by the Educational Testing Service found that only two countries were worse than the U.S. when it came to literacy proficiency, and the U.S. was dead last in math. Delaware; 44. Below are 16 facts that prove America is in deep, deep trouble: #1 When Ronald Reagan won his first election, the U.S. national debt was less than $1 trillion. Currently, the Social Security Board of Trustees projects program cost to rise by 2035 so that taxes will be enough to … Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. United ... Biden Reminded Us That States Are In Big Trouble. Remember, then, what you received and heard. But it takes a lot of hard work, time, and money to do what we do. With election day less than a month away, concerns are mounting that the USPS lacks the bandwidth to process the likely historic number of mail-in ballots. #12 Our government continues to waste money in absolutely insane ways. There's no substitute for the Postal Service for much of the country.". That’s why we view every news story through the lens of faith. "We don't tell [the Department of Defense] to go sell weapons to make revenue to serve the American people," California Representative Ro Khanna said. Today, there are 150,000 gang members living in the city of Chicago alone, and they outnumber the police by more than a 10-to-1 margin. States are facing severe financial strain, as sales tax revenues dry up amid quarantines that have shuttered restaurants, movie theaters, gyms and nail salons. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. "When I talk about it, people say it's utterly absurd.". The job expansion within the United States will decline to the extent that spending of any sort continues in Iraq rather than being transferred into domestic public investments. This story was originally published on May 21, 2020. Unemployment is the lowest it's been since 2007. It is the hope of a committed group of national leaders that a worldwide event called "The Return" on September 26 will wake up the American people while there is still time. When Barack Obama entered the White House, the debt sat at $10.6 trillion; when Republicans took control of the House of Representatives in 2010, it was about $14 trillion, and we now have reached the $25 trillion mark—and climbing due to COVID-19 aid. Here are just four reasons why "The Return" is so critical and why the time is now: Without revival, America and its future will be lost. Comptroller Says Medicare Program Endangers Financial Stability Top Ten States in the Worst Financial Condition. God in His mercy has afforded us a time of reprieve to turn and repent for our land to be spared from destruction. Tennessee, $2,800. Let the bridegroom leave his room, and the bride her chamber. Cahn is a New York Times best-selling author of "The Harbinger," "The Paradigm," "The Oracle" and more and leads Jerusalem Center/Beth Israel as rabbi and pastor. Biden needs to get it right. Why the United States Won't Go Bankrupt Like Iceland Did . Postal Service Is In Serious Financial Trouble Due To The Coronavirus Pandemic. Morningstar: Copyright 2018 Morningstar, Inc. All Rights Reserved. We are in a critical time in America. Illinois; 48. North Dakota, $30,700. “THE CLINTONS HAVE sold out their own people for cold cash,” raged Donald Trump’s campaign chief, Steve Bannon, ahead of the 2016 election. New York; Top Ten States in the Best Financial Condition. "Yet even now," declares the LORD, "return to me with all your heart, with fasting, with weeping, and with mourning; and rend your hearts and not your garments." Today, the tax code is more than 2 million words long, and the regulations are more than 7 million words long. Keep it, and repent. That's more than one-third of annual production. "There's no other entity on Earth that does anything like that," DeFazio said. California; 42. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC 2018 and/or its affiliates. #8 According to the CDC, 110 million Americans currently have a sexually transmitted disease, and there are approximately 20 million new STD cases in the United States every single year. In short we have vast debts to pay and little to pay them with. Heading For Financial Trouble? We have lost a huge amount of our manufacturing capacity, and those products we still make do not compete well on the world market, despite the steady devaluation of the dollar. Who knows whether he will not turn and relent, and leave a blessing behind him, a grain offering and a drink offering for the LORD your God? In short, the United States is in deep trouble. Vermont; 41. Wyoming, $20,800. Today, 62% of all Americans support gay marriage and only 32% are still against it. Others object to the very idea of the USPS funding itself with its own revenue. According to a study conducted by the Mayo Clinic, nearly 70% of all Americans are on at least one prescription drug, and an astounding 20% of all Americans are on at least five prescription drugs. South Dakota, $2,800. Providence, Rhode Island. Our prayer is that our nation will return to the values and the principles upon which this nation was founded. We have lost a huge amount of our manufacturing capacity, and those products we still make do not compete well on the world market, despite the steady devaluation of the dollar. "I know your works. Although that wasn't as bad as Iceland's situation, it had … #13 We are an extremely, extremely unhappy nation. Wages are finally rising. Therefore, we have a window of time we may never have again. If you will not wake up, I will come like a thief, and you will not know at what hour I will come against you. These unique rules help preserve the USPS as a public service, rather than a business. Despite these unique requirements, the USPS continued to net positive cash flows, and was actually profitable until 2006 -- at which point Congress passed the Postal Accountability and Enhancement Act during a lame-duck session. New York (CNN Business)Even by 2020 standards, the United States Postal Service is having a terrible year. In the diplomacy of the July crisis of 1914, America was less relevant than Serbia. States with a surplus are Alaska, North Dakota, Wyoming, Utah and South Dakota. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. As a reminder, the United States economy grew 4.7 percent in 1999, faster than in the preceding 15 years. Disclaimer. For one, unlike other government agencies, the USPS is not allowed to receive taxpayer funding, and instead must rely on revenue from stamps and package deliveries to support itself. It’s followed by South Dakota, Tennessee, Idaho and Utah to round out the top five. #3 In the early 1970s, well over 60% of all Americans were considered to be "middle class," but in 2015, that number dipped below 50% for the first time ever. The answer to the USPS financial oddities can be traced back to a single source: Congress. God is everywhere—even in the news. #10 Today, there are more than 4 million adult websites on the Internet, and they get more traffic than Netflix, Amazon and Twitter combined. The coronavirus pandemic has hit many businesses extremely hard with people being ordered to … Alaska is the top state for fiscal stability. Is this the generation that will witness the end of America? #5 Our system of public education is a complete mess. In short, the United States is in deep trouble. So far, the USPS has paid $20.9 billion but it's also deferred on some $47.2 billion as of September 2019. Today, things have obviously changed tremendously; 2008 was the very first year in United States history when 40% of all babies were born to unmarried mothers. 50. "—Malachi 3:7. A government watchdog called on Congress to address longstanding structural and financial problems plaguing the U.S. “Our states are in trouble and no amount of budget gimmicks, political posturing or hiding bills will fix the massive debt that they face,” said Bob Williams, president of State Budget Solutions. 10 states face financial peril Dropping tax revenue, rising unemployment and yawning budget gaps are wreaking havoc in states from Arizona to Wisconsin, a new report shows. How the Crisis Impacts the United States The world financial system is fully connected now, meaning a problem for Greece, or another smaller European country is a problem for all of us. There’s been a lot of buzz surrounding the United States Postal Service lately, from the speed of mail delivery to the uncertainty of its future.. 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Tensions Spiral as Gaza Terrorists Shower Israel With Rockets, IDF Strikes Back, 'The Bible Warns the Anti-Christ Will Control the World Through the Economy': These Global Trends Threaten Our Future, Star of PureFlix's 'Vindication' Reminds Christians to Think Wisely About What Entertainment They Watch, GOP Readies Blitz Against Democrats' Voting Rights Bill, Ministry Leader Opens Up About Having Panic Attacks During Pandemic», «'Freedom For Florida' Rallies Against COVID-19 Mandates, Says 'Fear is Prioritized Over Fact', The course that America and much of the world is on. News delivered to your inbox concepts of solvency, sustainability, and sadly that is happening to as. Political courage are needed to put our States back on the advisory committee for postal... Available on most smart TVs and streaming services, sustainability, and budget impact are in... Say that about our health Service, or the national Institute of health Copyright s & P Dow Jones LLC! 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