Republicans will do anything, screw how ever many people it takes to avoid doing the obvious, which is to raise taxes, particularly on the financial elite.
The weirdest thing abut the current situation is that we're borrowing money to do what needs to be done, and the reason we're doing that is because the people who are supposed to be investing in the economy aren't- they're buying govt bonds instead.
The guys at the top really are in the catbird seat at this point, quite by design. They have no incentive to invest when their money gains value stuffed into their mattresses, which is what a deflationary spiral achieves. Income and wealth have become so concentrated that the investor class suffers no personal hardship at all if their incomes drop substantially. They can afford to let it all fall down, then drive very hard bargains for distressed assets.
They're in no mood to take risks, and the govt borrowing from them disincentivizes them even further.
The only way to break that cycle is to raise taxes at the top while creating tax incentives for honest job creation.
It's not like they'll starve, obviously, or that the kids won't go to Harvard, either. If we accounted for inflation and raised tax rates to the level they were in 1980, pre-Reagan, we'd go a long way to solving our fiscal problems.
The financial elite won't have as much to invest? They're not investing in America, anyway, so the point is moot...