I don't know shouldn't preventing complete global economic meltdown count as a necessary cost? I don't like everything about it but when facing the alternative the price doesn't seem so bad. Also the debt to gdp ratio is less than that in many traditionally stable countries in the past and they experienced no collapse.
Also I don't remember hearing about any feasible economic plan materializing from the current government to expand the government in order to address joblessness. Unless I am grossly misinformed that's made up.
Our country is in a very different situation that during the Bush years.