It's generally accepted that some economic pain will be required to fix the economy. Struggling to maintain the economy
now is sacrificing a healthy economic future in order to keep more people happy in the short term. Sometimes it's more efficient to tear the house down and rebuild it better than it is to try to restore the existing house-- but you do have to deal with the pain in the short term of being kicked out of the house while you rebuild.
You have to appreciate sentiments like this:
Margaret Thatcher wrote:
I think we have gone through a period when too many children and people have been given to understand "I have a problem, it is the Government's job to cope with it!" or "I have a problem, I will go and get a grant to cope with it!" "I am homeless, the Government must house me!" and so they are casting their problems on society and who is society? There is no such thing! There are individual men and women and there are families and no government can do anything except through people and people look to themselves first. It is our duty to look after ourselves and then also to help look after our neighbour and life is a reciprocal business and people have got the entitlements too much in mind without the obligations.
Sadly, as successful as she was during her tenure as PM, sensible thinking like that has gradually given way to touchy feely nanny-state nonsense. In particular, her hardline stance on labor union protectionism is something I'd love to see in politics again. But unions have gained too much power now...the support required to defy them is so monumental that it's unlikely we'll ever see it again.