MMT says deficits do matter when government-related claims exceed the economy's ability to supply goods and services. Between the tax cuts and Trump's handouts to the MIC, the deficit will exceed $1 trillion in 2019. With the official U-rate at 4.1%, we are getting very close to a point where deficits trigger inflation pressures. When this happens, the Fed will ramp up its rate hikes, and the economy will come crashing down just in time for the next election...