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MMT states that the traditional understanding of federal government spending can be abbreviated as TABS. MMT argues that this traditional understanding is problematic. Instead, it

MMT states that the traditional understanding of federal government spending can be abbreviated as "TABS." MMT argues that this traditional understanding is problematic. Instead, it holds that federal government spending should be viewed as "STAB." Explain these two acronyms and why the difference between them is important in the context of MMT's understanding of federal government deficits and the national debt, i.e., what are some of the key implications that flow from these divergent conceptualizations of federal government spending

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