Everything has trade-offs. Government can do nothing that is only "bad for the economy" or only "bad for the economy".
Also, the is the question of long-term vs. short-term. .... For decades, DC has sacrificed the long term to achieve short term objectives. .... Guess what; too many cans were kicked down the rod, and now we are tripping on them.
Sorry to break the news, but it is time to pay the piper everybody.
Best option is to enact a balanced budge amendment, and let the chips fall where they may.
If it is "bad for the economy" in the short run, so be it. Our grandkids will be much better off in the long-term.