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About This Recession: Why Can't They Use Their Heads?

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If this recession is mainly caused by lack of money, why can't they just cancel a few of their spending ideas? As an example, a giant white horse is being built somewhere in England (UK), while there are people losing jobs. I bet they still spend millions on space missions too. Those millions could bring the whole world out of this recession. Why haven't they thought about this? Does this make any sense? If we are all in a crisis, would we rather get out of the recession or see another space shuttle launched into space? I'm very close to going mad about all these thoughts and I had to let them out.