I disagree.
Eg. 1) Build the infrastructure of the future; i.e. why have your nation spending $Multi-Billion$ a year in fuel costs, and who knows how much more in time costs because of a congested road, rail, mass-transit system?
Fix that and you have less waste, better transport infrastructure (for all purposes including commerce) and a not insignificant improvement in the quality of life.
Eg. 2) Get people working! There is very little in this world as demoralizing and spiritually-draining as long term unemployment. When your house is repossessed, and your car, and your kids don't have food on the table without help from your local community... something needs to change!
Its easy to say... just let everything crash and we'll be the better for it... a Darwinian culling of the "weak"... but when that impacts people such that they are committing suicide from depression, families experiencing breakdowns from stress... its not a good thing! There is a reason that man is elevated above the animal kingdom (reason, compassion and empathy), and it seems to be working, since we're the highest on the food chain.
Sure - rebalance or realign the economy with "debt destruction"... but do it gradually in such a way that the majority of people don't have to suffer to get to this mystical "over the rainbow" place where we as a nation don't carry excessive debt.