"One Big Beautiful Bubble": Hartnett Warns US Debt Will Exceed $50 Trillion By 2032

Last weekend, when Trump himself made it abundantly clear that DOGE is dead and buried and any pretense of government cost-cutting had been just for show, we said that with the budget deficit about to really explode, the president was "all about boosting revenue (and debt) now." And if not revenue - because everyone always claims in the beginning they can somehow push revenue growth into overdrive until a recession or a crisis hits in a few years and then all the promises are quietly forgotten - then certainly debt. 

Trump is done with cost-cutting. All about boosting revenue (and debt) now https://t.co/bw6DQ4q9KI pic.twitter.com/9FllphCiTf

— zerohedge (@zerohedge) June 29, 2025

At roughly the same time, One River's Eric Peter echoed the same sentiment, writing in his weekly note that "Trump Has Decided To Go For Broke, And Pump This Economy Into A Boom To Grow Our Way Out Of Debt."