It's like someone is warning you that, with your current spending patterns, you'll go broke in a year. You come to them five years later, showing off your fancy new car and talking about vacations, defying their "alarmist predictions", conveniently omitting the fact that in those five years, you've maxed out on all your credit cards and every possible loan anyone would give you.

No, the crisis is still ahead, and will hit us that much harder unless we work quickly to make our economy sustainable.