Yes and No. Initially, before things take off for Trump's spending (both dollars out AND from tax cuts-- both increase the deficit as Bush found out with his tax cuts)-- there will be an initial period of huge increases in deficits and the national debt and that will also impact interest rates and bond prices, and the value of the dollar, and on GDP-- how long and how much of an increase before we get to 4-5% as the deficit and national debt grow? So this is a race-- spending and deficits get a big head start over economic growth which will require many more jobs, increases in consumption, investment, and income. If these things are too slow then the required growth in GDP will be much higher than 4-5% and deficits and the debt will grow some more rather than shrink.