When the economy was doing well in 1998 to 2006, we borrowed and built. This caused problems with repayment when the recession started.
Now that the economy is doing well we are not borrowing and not building. This is causing problems now.
While a happy medium should be possible, in my opinion the problems caused by the present policies are worse than problems caused by the previous policies.
At least we still have the houses, roads, schools built in the previous boom. What will we have to show for this boom once the shine goes off the new cars.