How is austerity the answer when interest rates are at 5%? It's a new right wing thing. Republicans talk about how the government can't borrow more, but the interest on debt is still low

Title says it all.<br><br>I would think the Republicans would want, in 2024, to borrow at 5% and spend because it will help the economy. I would think the Democrats would want to raise taxes because you're raising taxes at a time when you're getting an effective 5% rate of return on that tax revenue.