There's a simpler way to look at the problem, which also demonstrates why your analogy doesn't work. If we went with your analogy, the best thing for everyone

There's a simpler way to look at the problem, which also demonstrates why your analogy doesn't work. If we went with your analogy, the best thing for everyone is for that company to fail and fail fast because it is a burden on the economy. I would assume neither you nor anyone in the world is willing to accept this scenario. Therefore, you have no choice but to try to save the company. The only question is how. The fact is that due to the housing bubble $8 trillion is gone from the economy. You can either choose to tighten the belt, save money and wait for the Americans that still have jobs to re-earn the cash, or you could try to borrow in order to invest and grow your way out of this. The reason I favor the latter approach is that the human cost of not spending money is too high in my opinion.