Most importantly, we need some austerity measures. Time to cut some spending (some welfare programs and subsidized union activities, for example, as well as hiring freeze in the federal civilian workforce). Unfortunately I don't think the new congress (no matter which party controls) will have the courage to do this.
No, austerity = depression, angus. The way out of a deflation/depression is massive government action. It isn't hard to accept once you drop the false dichotomy between 'private' and 'public'.
