Here's the Maria Muldaur version, which is much easier to understand:

IT'S A BLESSING
(as recorded by Maria Muldaur)

I am marching every day,
I'm meeting trials on my way
Short of blessings but I'm going on
Just the same.
Folks complaining On every side,
Except me, Lord, I'm satisfied.
It's a blessing just to call
My savior's name.

I don't worry And I don't fret
Not so easy To Forget
I just pray, And count my blessings
Every day.
If misfortune break my heart,
I just take it For my part
It's a blessing just to call
My Savior's name.

It's a blessing just to live
It's a blessing just to give
It's a blessing to be present
In this land.
Matters not how bad at first
Just remember, it could be worse,
It's a blessing just to call
My Savior's name.

[instrumental break]
Folks complaining On every side,
Except me, Lord, I'm satisfied.
It's a blessing just to call
My savior's name.

Transcribed by ear from the 2001 Maria Muldaur CD, Richland Woman Blues