Presidential candidate, Sen. Elizabeth Warren (ewarren), has predicted an economic crash in the coming years if action isn't taken soon:
In Warren’s post, she warns of an economic crash in the next year or so if the Trump administration doesn’t pass legislation that controls the economy and boosts the middle-class out of debt.
To combat the looming crisis, Warren proposed many of the things she’s already proposed on her campaign trail. In regard of household debt, Warren proposes a $15 minimum wage, cancelling up to $50,000 per person in student loan debt, and tuition free college. On the corporate side of things, Warren reintroduced her Green Manufacturing Plan to assist in boosting the manufacturing industry by creating “millions” of jobs and also focusing on the issue of climate change, among many other things.
This isn’t the first time Warren has spoken out about impending threats to the economy. Before the 2008 recession, Warren called out many of the same signs that led to the economic collapse. According to her, not enough people listened. “Go around a room like this. For most people, wages haven’t gone up in a generation and yet the cost of housing, the cost of health care, the cost of childcare, the cost of sending a kid to college have all gone through the roof,” Warren said viaafter a town hall meeting in May. “The middle class squeeze is real and it has gotten tougher for people over the last few years.”
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