Called By Christ To Be ONE: Dem states worried they can't pay out retirement benefits

Heaven Is Our Destination Where We Will Be ONE With The Lord Forever

Today, we are in The Season Of The Last Generation. The Birth Pains that Christ Jesus spoke about are currently under way, including natural and unnatural disasters. They will be ever increasing. Because of the increase of wickedness, the love of most will grow cold. Social, economic and political turmoil will be ever increasing, causing people's hearts to be weighed down with dissipation, drunkenness and the anxieties of life. An apostasy within the Church of God is currently under way. This will all reach a climax with Satan revealing his Antichrist and requiring that everyone worship him; That every one receive his "mark" in order to buy or sell; The new currency of the New World Order, the New Tower of Babel.

Today, it is critical that those who have a heart for God are aware of what God is doing and speaking today. God is opening up His Word like never before in preparation for The Time Of The END. I exhort you to open up your heart and your eyes to see what He is doing and your ears to hear what God is speaking at this time. My prayer is that we will be able to stand before the Son of Man at His appearing, without fault and with great joy. I encourage you to read David Wilkerson's book, America's Last Call at davidwilkersontoday.blogspot.com. Also, Google, Tommy Hicks Prophecy, 1961 for a view of the End Times.

Tom's books include: Called By Christ To Be ONE, The Time Of The END, The Season Of The Last Generation, Worship God In Spirit And In Truth, Daniel And The Time Of The END, and Overcoming The Evil One. They are available at amazon.com. They can also be read without cost by clicking on link: Toms Books.

To receive Christ Jesus as a child by faith is the highest human achievement.

Today, the Bride Of Christ is rising up in every nation in the world! Giving Glory to Her Savior and King, Christ Jesus!

Today, the world is Raging against God, Rushing toward Oblivion! Save yourself from this Corrupt Generation!

Today, America is being ground to powder because of it's SIN against God!

Thursday, December 29, 2022

Dem states worried they can't pay out retirement benefits

High-profile governors who may run for president could be forced to take drastic action

By WND News Services
Published December 28, 2022 at 3:06pm

(Image by Benjamin Balazs from Pixabay)

By Laurel Duggan
Daily Caller News Foundation

Three high-profile Democratic governors are struggling to stabilize their states’ retirement programs due to a falling stock market and may have difficulties paying out benefits in the coming years, according to Politico.

Democratic California Gov. Gavin Newsom, Democratic Illinois Gov. J.B. Pritzker and Democratic New Jersey Gov. Phil Murphy, all of whom are considered potential candidates for the 2024 presidential race, have poured billions of dollars into their states’ pension funds, according to Politico. They may struggle to maintain their public images if they’re forced to raise taxes or make budget cuts to keep pension payments flowing.

Retirement fund investment plans can’t accrue as much money in weak markets or during times of slow economic growth, so more of the payouts must rely on tax money, according to Politico. Rising interest rates and declines in the stock market during 2022 created a bad investment environment for retirement funds, and 2023 will likely be worse.

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Most state and local retirement systems lost money in 2022, including the California Public Employees’ Retirement System, the country’s largest public pension, which lost nearly $30 billion, according to Politico. Some of the blame lies with the three governors’ predecessors, who failed to adequately fund the retirement systems while in office, Politico reported.

“When we arrived on the scene, New Jersey’s pension system had either been ignored or underfunded by administrations on both sides of the aisle for more than 20 years,” Murphy told the outlet, ading that he is “fully committed” to paying the state’s full obligation to its retirement system for the third time in a row in 2023.

Do any of these three governors have a good chance to win the presidency?

Gov. Phil Murphy, D-N.J. (Video screenshot)

“There’s going to be acute fiscal pain and pressure the more you ignore the cost,” Leonard Gilroy, a senior managing director of the Reason Foundation’s Pension Integrity Project, which advises state governments on pension plans, told Politico. “If you’re not paying it down, you’re chasing it.”

Newsom, Pritzker and Murphy did not respond to the Daily Caller News Foundation’s request for comment.

This story originally was published by the Daily Caller News Foundation.

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