He believes there is a limit to how long consumers can put off the day of reckoning.
In this environment, whether annual health care costs rise or fall by 1% or even 5% is irrelevant - all we do is move the day of reckoning less than 1 year closer or farther away.
Higher walls, tougher visa restrictions, and ships patrolling borders in increasing numbers will only postpone the day of reckoning.
And credit card defaults look like the next shoe to drop as cash-strapped Americanshave run up credit card debt to postpone the day of reckoning.
It could not run deficits for ever but the day of reckoning might be years away.
NIV] What will you do on the day of reckoning, when disaster comes from afar? To whom will you run for help? Where will you leave your riches?
It is rapidly approaching the day of reckoning when it will totally exhaust its nuclear energy supply.
The business is washed up; a loan will do no more than delay the day of reckoning.
Right now, the Fed is delaying the day of reckoning and, in the process, exporting the US's problems by adopting policies that, intentionally or not, weaken the dollar.
California Governor Arnold Schwarzenegger said yesterday that the day of reckoning is here.
But that only delayed the day of reckoning.
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