Shocking stat of the day: US federal debt will reach 150 TRILLION by 2055, according to the CBO's own forecast. This would be ~1.6 million of debt per American household, up from the current ~274,000. It would also push the US Debt-to-GDP ratio to a record 169%, up from the current 123%. To put this into perspective, US Debt-to-GDP has averaged ~69% over the last 50 years. The CBO projects that the budget deficit will exceed 5% of GDP every year until 2055. In US history, deficits this high have only occurred for 5-straight years one time, during World War II. The US debt crisis is set to get even worse.(The Kobeissi Letter)