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If you understand cause and effect, as well as basic economic theory about business cycles, you will not only pay more now, but you will definitely get the Depression later. This isn't an either/or situation. It's just putting off the impending bloodbath.
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Can you give some evidence, examples, or other proof of this?
My understanding is that prior to 1930's the idea was that the government should have a hands off approach to the economy and let things work themselves out. Many said this is the exact reason why things got so bad.
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Milton Friedman and current Federal Reserve System chairman Ben Bernanke, argue that the Great Depression was caused by monetary contraction, the consequence of poor policymaking by the American Federal Reserve System and continuous crisis in the banking system.[10][11] In this view, the Federal Reserve, by not acting, allowed the money supply as measured by the M2 to shrink by one-third from 1929 to 1933. Friedman argued[12] that the downward turn in the economy, starting with the stock market crash, would have been just another recession.
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Great Depression - Wikipedia, the free encyclopedia
With an active federal reserve and treasury and these bailout plans, a depression should be avoided.