The Coming Economic Crash — And How to Stop It By Elizabeth Warren

The Coming Economic Crash — And How to Stop It
I warned about an economic crash years before the 2008 crisis, but the people in power wouldn’t listen. Now I’m seeing serious warning signs in the economy again — and I’m calling on regulators and Congress to act before another crisis costs America’s families their homes, jobs, and savings.

I’ve spent most of my career getting to the bottom of what’s happening to working families in America. And when I saw the seeds of the 2008 crisis growing, I rang the alarm as loud as I could.
When I look at the economy today, I see a lot to worry about again. I see a manufacturing sector in recession. I see a precarious economy that is built on debt — both household debt and corporate debt — and that is vulnerable to shocks. And I see a number of serious shocks on the horizon that could cause our economy’s shaky foundation to crumble.

Our Precarious Economy
Household debt. A generation of stagnant wages and rising costs for basics like housing, child care, and education have forced American families to take on more debt than ever before. The student debt load has “more than doubled since the financial crisis.”

from the comments section....
Let’s say that your solutions would actually save us from the coming economic downturn (which is highly unlikely, as your solutions would generally make economic conditions worse as higher taxes would work to dampen any recovery), there is no way you could implement even a quarter of your solutions before a recession hit. It’s an insane proposition that you’re going to wave a magic wand and wipe out student loan and/or personal debt, it’s even more insane to think you’d get it done within a few months of being elected.

The fact is, recession is a normal part of economic cycles. The question is, how deep will the downturn be? Like them or hate them, Trump’s tax cuts were a net benefit to this country’s economy and helped accelerate the recovery that floundered for eight years under Obama. However, spending cuts were not enacted at the same time which has continued ot allow our national debt to balloon. If you really want to create prosperity for this country you’d focus on entitlement reform and reigning in spending. However, it appears the only thing you’re really interested in is redistributing wealth and government handouts in order to sway votes.