If everyone in the country stopped using debt tomorrow, yes, the economy would be seriously impacted.
If everyone in the country started buying less and stretching what they got out more this month, yes the economy would be seriously impacted.
But everyone in the country is NOT going to do those things tonight, next week, or this decade. We have spent 50 years becoming a culture of debt spenders. We're not going to change that overnight, and a tiny percentage of individuals doing what we're doing is not going to impact the economy seriously enough to affect anyone but ourselves.
Besides - I'm concerned about the economy of the Greebo and Ceashels household before anyone elses.