https://youtu.be/4Knprcte3mI?si=d0LmK-9J0Ptkt2zG
*Debt to GDP ratio does matter for international trade reasons. good trade relations means the debt can be paid down better; it means the US federal budget can be lower than the growth rate to net at taxes (ie. rebalancing the budget.) Was not this a conservative "plank?"
Also, lower rates and a weaker USD would raise Real Estate values; in the 2007-2008 recession aftermath, Real Estate was Suffering for the buy and hold and many Republican lawmakers lost their office. Many wealthy buy and hold real estate investors lost their portfolios. The GOP cannot handle lowering Real Estate values.
If any party in control of Washington DC causes a default in the debt, then all bets are off for prosperity of the United States ever again.
DO NOT DEFAULT ON THE DEBT!!!
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