Republican Congressman Andy Biggs claims that the United States expects default in 8-10 years. To avoid this, the authorities need to make a significant reduction in government spending. According to him, budget allocations in 2018 amounted to $ 1.3 trillion. Biggs claims that they should not be more than $ 700 billion. "Every day of delay will deprive us of some options with which we could solve the problem and compensate for the deficit. This is the real problem: we have a structural deficit. We spend more than we receive and are forced to borrow money, "he said on Fox News. Andy Biggs stressed that the "debt bomb" of the United States can completely destroy the economy of the country. The US Treasury predicts a deficit of $ 833 billion in 2018, which is a quarter more than in 2017.