Someone would buy them, but only if we paid them more in interest...the same way junk bonds have to pay more in interest to compensate for the risk

Higher interest rates = real estate market tanking, as ever .50% rise in rates makes houses even more unaffordable

Higher interest rates = higher credit card, auto loan, and other borrowing costs, putting another burden on the economy

Higher interest rates = higher rates the US government itself must pay on the trillions and trillions it owes, meaning that debt servicing will make up even more of the federal budget.

This would not be good news for us at this point.

Congress is soon to vote to raise the debt ceiling limit, which is going to risk our debt getting downgraded from AAA as it is, which already meant higher interest rates ahead. This could compound the problem