CNN Reporter on Sen. Warren Predicting Economic Crash: She Could Cause Economic Crisis with Her Proposals

EXCERPT:

ALESCI: "Two things Warren is doing. One, really playing off the PTSD the country suffered post-financial crisis. And number two, she’s proposing some solutions that actually might create another crisis. Now, let me explain each of those. Number one, she points to several data points that say the alarm bells should be ringing for a financial crisis. Well, one of the things she points to is the level of corporate debt. Now, while risky loans to corporations have increased post-financial crisis, the ability for those companies to keep up with payments has also increased. So we’re not seeing the kind of default rates that would be alarming at this point. Now I'm not saying that's not a metric we should be paying attention to. All I’m saying is that Elizabeth Warren is shaping this conversation in a way that’s politically convenient for her. Now, as far as her policy proposals, she is recommending lowering rents, offering affordable child care, offering free tuition at colleges. All of that costs money and the American public should be asking how do you pay for it? One way would be to increase taxes. Another way is to increase government debt. This is the issue the American people should be actually focused on because many experts say if we don’t get control of our debt over the next ten years, we could be facing a fiscal crisis. And that would be extraordinarily harmful to our economy."