Just for fun last night I decided to start my game off with eliminating all the taxes I could and dropping those I couldn’t eliminate to as low as I could. Then I started giving everyone exactly what they wanted regardless of the cost. My debt of course climbs without pause and I do get that one warning that there is a debt crisis but beyond that there is no drawback. I continued like this for many election periods gaining 100% of the votes. There was never a consequence for this obviously flawed method of running the government.
Although it was somewhat funny it was also a bit disappointing. I generally had focused a lot on controlling debt in the past only to find that it is inconsequential. There should be a more serious penalty for going beyond a certain level of debt.