No proof of interest rate hikes --- the plan will be perceived as creating value --- that keeps rates low

(David, Ph.D. in Economics from the University of Michigan, Senior Economist, “pg online @ https://cepr.net/the-washington-posts-debt-cult/ //um-ef)

The standard economics argument against the problem of high deficit and debt is that it will lead to higher interest rates. We have been seeing extraordinarily low interest rates ever since the Great Recession. Now, this is supposed to be bad because it allows for investment projects of little value to go forward. This makes zero sense. Having projects little value move forward is bad if there is a better use for the resources. Implicitly, there is no better use, which is why interest rates are low.