Great post. Few people understand this.
What people seem to not comprehend is how much interest we will pay if rates got to say 5%. It will be multiple trillions a year just in interest. Interest rates must stay below 2-3% forever just to survive. Try explaining $1 trillion to someone then say we have 18 of those we owe, soon to be $20 trillion +. We are done. It just depends on when the music stops because there are no more chairs.