I was listening to Paul Krugman and realized why the GOP wants the U.S. to default on its debt

[cthulu2016]

20. This is incorrect

There is no limit to the perfidy and ill-faith of the Republicans but they most assuredly do not want higher interest rates.

The apocalyptic tea-partiers are too ignorant to really understand any aspect of economics so it's difficult to ascribe any coherent economic motive to their actions.

The institutional Republicans are about serving the interests of the super-rich and the one thing the super-rich care more about than any other thing in the WORLD is low interest rates. Our flat-wage society is due to the RW war on interest rates that has continued from Hoover through Reagan up to today.

The reason the US and Japan have the same bond yields is that neither nation has an appreciable default risk and interest rates are pushing up against a firm barrier from below. The US, UK and Japan all have 10-year treasuries at about 1.85%.

Also, there re facts against which the OP's suppositions can be tested. The interest rates on our debt have gone down since the Republican attempt to not rise the debt ceiling.