Yes, absolutely. The only way the economy will truly recover is thorough saving and investing. Look at the post-WW II years. Keynesian economists predicted a return to the Great Depression after the War. Yet what happened was the greatest economic boom in world history. While savings wasn't the only reason, business boomed during that time, it was the catalyst that started it. How did this happen? During the War you were one of two people on America: fighting the war or having things rationed on the homefront. Either way you really weren't spending any money. After the war and the boys returned home and rationing was lifted, that money had to go somewhere. It was invested in business and things boomed.
That's not to say that we should replicate that today. What we should do is eliminate those things that penalize savers (inflation and the organizations which cause inflation) and benefit spenders (central banks).
It's folly to think that public sector spending will cause a recession or depression. We cut the size of government after WW II by something on the order of 50% and things boomed. There was a period of adjustment that lasted about a year, but nothing like the former decade of the Great Depression.