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19 attorneys general urge Biden not to bypass Congress to raise debt ceiling | National

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www.thecentersquare.com – By Joe Mueller | – 2023-05-25 12:50:00

(The Center Square) – A coalition of 19 attorneys general signed a letter urging not to expand his executive powers to raise or ignore the debt ceiling without congressional approval.

Tennessee Jonathan Skrmetti led the group and was prompted by Biden's statements on his assertion the executive branch has authority under the 14th Amendment to bypass Congress.

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“Our constitutional system may be frustrating at times, but it is the fundamental guarantor of American liberty, and we must all abide by the oaths we swore to defend it,” the letter states. “The Constitution very deliberately invests the power of the purse in Congress. That power includes the authority to tax, the authority to spend, and, explicitly, the authority to borrow money on the credit of the United States.”

Biden and Republican House Leader Kevin McCarthy and their staffs have been in negotiations to reach an agreement to raise the nation's debt ceiling and prevent the U.S. from defaulting on its debt obligations. Earlier this week, U.S. Treasury Secretary Janet Yellen wrote to McCarthy and warned that the Treasury may be unable to pay its bills as early as June 1. Business and consumer confidence would also be influenced by not increasing the debt limit.

“The Constitution is clear that only Congress has the power to authorize an increase in the national debt,” Skrmetti said in a statement. “The separation of powers in our constitutional system may be frustrating sometimes, but the checks and balances it creates are the heart of American liberty. If we start taking illegal shortcuts, no matter how compelling the justification, we put our whole system at risk.”

Republican Missouri Attorney General Andrew Bailey was one of the attorneys general who signed the letter and called Biden's possible actions political.

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is yet again ignoring the blatant framework of our Constitution, which is the very bedrock of our nation, to satisfy his political agenda,” Bailey said in a statement. “If not for the states, the federal government would roughshod over our nation's system of checks and balances. I will not stand by and allow the integrity of our nation to be eroded by a President who has no respect for the Constitution.”

The letter expressed a belief that Biden and legislators will reach a solution but warned of legal ramifications if Congress is bypassed.

“We have faith that you and our federal legislators will find a solution and resolve the immediate problem,” the letter stated. “But should your administration attempt an authoritarian end-run around the separation of powers, we will not hesitate to use the legal tools at our disposal to defend the integrity of our constitutional system.”

In addition to Tennessee and Missouri, the letter was signed by the top enforcement from Alabama, Arkansas, Florida, Georgia, Indiana, Idaho, Iowa, Kansas, Kentucky, , Mississippi, Montana, Ohio, Oklahoma, South Carolina, Texas and Virginia.

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This Is the Most Unique Job in Mississippi | Mississippi

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www.thecentersquare.com – Samuel Stebbins, 24/7 Wall St. via The Center Square – 2023-05-26 17:33:06

The United States has the most dynamic in the world. Where it once was symbolized by the automotive and steel industries, the American economy is now the world's technology colossus. But the U.S. economy is more than that. It is a unique sum of the parts of 50 states whose identities are often tied to a particular job or industry. (And domestic workers hold the most jobs in these 12 states.)

Using data on employment by for all detailed occupations from the Bureau of Labor Statistics Occupational Wage and Employment Statistics survey for May 2022, 24/7 Wall St. identified the most unique job in every state.

Based on location quotient – the ratio of the concentration of an occupation's employment in a state relative to its concentration nationwide – upholsterers ranks as the most unique occupation in Mississippi. With 3,500 in the field out of 1,131,550 jobs in the state, the occupation is 17.0 times more concentrated in Mississippi than it is nationwide.

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The average annual wage for workers in the occupation across the state is $37,280, to $41,900 nationwide.

 

State Most unique job Occupation's location quotient Occupation employment in state Occupation's avg. annual wage in state ($)
Alabama Textile winding, twisting, and drawing out machine setters, operators, and tenders 6.2 1,990 37,270
Alaska Zoologists and wildlife biologists 20.7 740 81,320
Arizona Continuous mining machine operators 6.8 1,880 51,800
Arkansas Agricultural product graders and sorters 7.6 1,470 33,470
California Crop, nursery, and greenhouse farmworkers and laborers 5.6 188,580 34,790
Colorado Atmospheric and space scientists 5.7 1,050 107,220
Connecticut Methal and plastic lathe and turning machine tool setters, operators, and tenders 5.4 1,160 48,140
Delaware Meat, poultry, and fish cutters and trimmers 8.3 3,400 31,190
Florida Bridge and lock tenders 3.6 820 32,040
Georgia Textile winding, twisting, and drawing out machine setters, operators, and tenders 11.5 8,570 34,890
Hawaii Motorboat operators 45.4 570 52,930
Idaho Nuclear engineers 9.0 590 149,100
Illinois Misc. mathematical science occupations 6.3 960 79,540
Indiana Metal-refining furnace operators and tenders 10.6 4,290 67,860
Iowa Agricultural technicians 9.2 1,250 49,630
Kansas Aircraft structure, surfaces, rigging, and assemblers 19.2 5,760 56,560
Kentucky Metal and plastic forging machine setters, operators, and tenders 7.3 1,000 52,490
Sailors and marine oilers 19.1 6,790 52,910
Maine Logging equipment operators 7.4 760 43,240
Maryland Astronomers 18.0 690 141,880
Biochemists and biophysicists 10.5 8,250 117,830
Michigan Metal and plastic patternmakers 9.3 590 64,050
Minnesota Misc. gambling service workers 13.2 3,090 30,520
Mississippi Upholsterers 17.0 3,500 37,280
Missouri Cooling and freezing equipment operators and tenders 6.8 830 48,000
Montana Gambling and sports book writers and runners 21.7 570 20,020
Nebraska Transportation equipment electrical and electronics installers and repairers 8.9 500 73,550
Nevada Gambling managers 31.8 1,460 90,350
New Hampshire Misc. metal and plastic workers 6.5 610 40,520
New Jersey Shampooers 7.8 1,620 29,190
New Mexico Extraction worker helpers 17.5 670 43,760
New York Transit and railroad 7.0 1,460 76,290
North Carolina Textile bleaching and dyeing machine operators and tenders 7.4 1,550 30,030
North Dakota Wellhead pumpers 30.6 1,220 64,350
Ohio Engine and other machine assemblers 4.2 7,660 56,370
Oklahoma Gambling surveillance and investigators 14.9 1,700 31,310
Oregon Misc. personal care and service workers 24.2 18,430 34,900
Pennsylvania Metal pourers and casters 4.5 1,070 42,690
Rhode Island Jewelers and precious stone and metal workers 7.5 640 45,750
South Carolina Tire builders 15.4 4,120 52,610
South Dakota Forest and conservation workers 34.4 610 33,250
Tennessee Statistical assistants 12.0 1,690 51,840
Oil and gas derrick operators 7.2 6,930 51,570
Utah Continuous mining machine operators 7.2 1,070 63,690
Vermont Misc. community and social service specialists 5.0 940 48,080
Virginia Metal and plastic layout workers 12.6 2,260 57,530
Washington Tapers 7.4 2,420 75,320
West Virginia Mining roof bolters 87.5 680 66,080
Wisconsin Foundry mold and coremakers 5.3 1,150 43,410
Wyoming Oil and gas roustabouts 28.5 2,020 48,120

 

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Report: Mississippi’s pension system faces serious financial headwinds | Mississippi

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www.thecentersquare.com – By Steve Wilson | – 2023-05-24 11:09:00

(The Center Square) — An annual by the 's legislative watchdog committee warns that Mississippi's public defined benefit pension system is facing serious financial and demographic challenges.

The Joint Legislative Committee on Performance Evaluation and Expenditure , better known as the PEER Committee, released its annual review of the Public Employee's Retirement System of Mississippi, which is the pension fund for the vast majority of state, county and municipal employees.

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According to the report, the plan is expected to be only 48.6% fully funded by 2047, a significant drop from the optimistic 93.5% predicted by the 2021 projections. The plan's ratio, which is defined as the share of future obligations covered by current assets, has been 61.3% for the last two years.

In fiscal 2022, the plan's investments lost 8.45% after amassing a near-record 32.71% in 2021.

The report echoed the data released in the fund's comprehensive annual report, which is usually released in December.

One issue is flagging investment returns. The retirement system's board of directors voted in 2021 to decrease the expected rate of return from 7.75% to 7%, which staff uses for planning purposes. It's the second time in the past decade the governing board has acted after lowering the expectation from an unrealistic 8% in 2015.

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The plan's funding policy, which requires enough excess returns above expectations to lower the assumed rate of return, has only the rate to be reduced to 7.55%, which PEER says is problematic.

“The PERS Board's choice to utilize this methodology could continue to be a cause of concern,” the report says. “Selection of this methodology has delayed implementation of the assumption reduction and exacerbated the plan's lower-than-projected investment returns.”

The report also says the plan's demographics are also an issue as a decreasing number of contributing employees an ever-growing number of retirees. The plan's ratio of active members to retirees declined from 1.81:1 in FY 2012 to 1.24:1 in FY 2022, or approximately 31.49%.

The report also said the plan's assumptions on pay increases for contributing employees, which affects the amount of they'll in retirement, are overly optimistic, which can affect the plan's bottom line. The projected annual rate of wage increase is 2.65% and while increases from fiscal 2022 were above that figure, the annual payroll increase in the last decade was 0.98%.

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How Firearm Thefts in Mississippi Compare to Other States | Mississippi

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www.thecentersquare.com – Samuel Stebbins, 24/7 Wall St. via The Center Square – 2023-05-24 08:31:21

U.S. firearm sales have surged in recent years, a trend that has coincided with a steep increase in gun violence. According to the Centers for Disease Control and Prevention, a record number of Americans died of gun-related injuries in 2021. While -abiding citizens with no intention of engaging in criminal activity account for the vast majority of gun purchases, the influx of guns in American households increases the likelihood of firearms falling into the wrong hands, particularly through .

According to the of Alcohol, Tobacco, Firearms, and Explosives, more than 1 million firearms were reported stolen by private citizens in the five years from 2017 to 2021. Stolen guns are most commonly burgled from homes and vehicles, but some are also taken directly from a person. Though many stolen guns are ultimately linked to crimes, they are typically first sold on the black market.

Semi-automatic pistols are by far the most commonly stolen firearm type, accounting for over 70% of all reported firearm thefts in the U.S. in the last five years. And all of the top five stolen calibers – .45, .22, .380, .40, and 9mm – are widely available in semi-automatic handguns. (Here is a look at the gun calibers most likely to be used for crime in every state.)

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ATF show that an average of 5,460 firearms were reported stolen from private citizens in Mississippi each year between 2017 and 2021. Adjusting for population, this out to about 185.1 stolen firearms annually for every 100,000 , the most among states.

An estimated 24.3% of all the firearms reported stolen between 2017 and 2021 were ultimately recovered in-.

All data in this story is from the ATF's report National Firearms Commerce and Trafficking Assessment (NFCTA): Crime Guns – Volume Two. Firearms stolen from gun stores and gunmakers were not considered in this ranking.

 

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Rank State Annual firearm theft rate (per 100,000 people) Avg. num. of firearms stolen from private citizens annually Stolen firearms recovered in state (%)
1 Mississippi 185.1 5,460 24.3
2 Alabama 165.7 8,353 28.4
3 155.1 7,170 30.5
4 South Carolina 150.8 7,825 27.3
5 Georgia 132.3 14,288 26.2
6 Arkansas 131.8 3,989 33.0
7 Alaska 130 953 36.2
8 Missouri 117.9 7,270 28.3
9 Tennessee 116.7 8,143 27.3
10 Oklahoma 111 4,426 27.0
11 New Mexico 106.8 2,260 23.8
12 Kentucky 103.9 4,684 36.5
13 North Carolina 103.9 10,961 28.9
14 Virginia 97 1,730 19.7
15 Montana 88.7 980 30.3
16 85.6 25,270 24.6
17 Nevada 83.1 2,614 24.7
18 Indiana 77.3 5,260 26.3
19 Kansas 76 2,230 25.8
20 Arizona 70 5,090 27.9
21 Wyoming 64.7 374 29.5
22 Michigan 64.3 6,462 26.5
23 Florida 64 13,940 29.4
24 Virginia 60.4 5,224 26.5
25 Colorado 57.4 3,336 24.4
26 Oregon 57.1 2,423 26.8
27 Ohio 56.8 6,697 26.0
28 Idaho 53.6 1,018 28.0
29 South Dakota 53.2 476 31.1
30 Washington 52.6 4,074 29.1
31 North Dakota 45.8 355 26.8
32 Pennsylvania 45.3 5,870 26.9
33 Utah 42.1 1,406 33.5
34 Maine 40.8 559 13.8
35 Iowa 39.1 1,249 27.3
36 Vermont 39.1 253 19.3
37 Delaware 37.8 379 24.0
38 Nebraska 37.3 733 35.7
39 Illinois 33.7 4,265 30.0
40 Minnesota 27.3 1,559 29.2
41 New Hampshire 26.8 372 28.9
42 Connecticut 24 866 18.8
43 California 21.7 8,509 14.7
44 Wisconsin 21.3 1,255 0.1
45 Maryland 18.3 1,130 22.8
46 Hawaii 12.1 174 13.6
47 Rhode Island 10.7 117 21.4
48 New York 8.9 1,766 14.6
49 New Jersey 6.8 629 25.3
50 Massachusetts 5.4 378 22.0

 

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