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Arguably the deficit and level of debt doesn't matter either. After all, both have been higher in times gone by as a gdp ratio. So this is then a question of how much debt will a government be willing/allowed to take on?
Due to money not being backed by anything physical, debt itself is used as an inflationary measure in order to then lead interest rates, and is the biggest market leaver a government has. Adding more money (debt) to a relatively inelastic economy means that goods will cost more as market forces say there is more money for the same stuff. In the case of tax breaks, the theory goes that these companies will invest. But what is actually happening is Trumps mates are doing lay-offs and pocketing more and more profit.
So, Trump is showing his desire to make things cost more (something that negatively affects the bottom of the economy far more than the top) and by spending more on tax breaks instead of investment; he is literally stealing from the poor to give to the rich. And that's easily verifiable by asking: who ultimately owns the government's debt, and who is getting richer?
That's right suckers, Trump is taking his whole voter base for a ride