US debt crisis is set to get even worse: The US Debt-to-GDP ratio is projected to reach a record 156% in 2055, according to the CBO's latest forecast. This is up from 154% estimated in January 2025 projections. The CBO assumes nominal US GDP will grow to 88.4 trillion by 2055. Meanwhile, total federal debt held by the public is set to reach a whopping 138.0 trillion. The worst part? This forecast assumes the US avoids a recession during this entire period. What happens if the economy enters a recession?