Maker Governance Call: This time it's different?

Another week, another stability fee hike proposal. This time it's only 3%, not 4%; progress! Of note, by last count the executive vote has enough MKR behind it to finalize the execution of the increase which would mean it only took a matter of hours to reach consensus (vs. last week, which took the weekend to hit approval).

Monitoring the conversation in Maker's Reddit governance channel, I get the urge to reach for the popcorn and watch as CDP owners (who mind you, have been pitched to by pundits claiming that Maker offers a way to get "cheap" credit to lever long ETH, or even pay mortgage, auto, and card loans - as seen on Maker's blog) learn the downside of entering into variable interest rate debt.