I am not sure why so many take it as a partisan observation. There was a time when a total debt of $1 trillion was controversial in politics and economics.
Lowering the rate also determines how much it costs to sustain the debt spending. So my comment was related in an economic sense.
I also prefer to have sustainable Government institutions and social programs which increasing debt will eventually threaten.
Maybe the system can sustain $50 trillion with $2 trillion added every month. We will find out eventually with the current path.
It already costs more to service existing debt than even defense spending.
Lowering the rate also determines how much it costs to sustain the debt spending. So my comment was related in an economic sense.
I also prefer to have sustainable Government institutions and social programs which increasing debt will eventually threaten.
Maybe the system can sustain $50 trillion with $2 trillion added every month. We will find out eventually with the current path.
It already costs more to service existing debt than even defense spending.