Nevertheless, Warren labeled the USA economy "precarious" amid high household and student debt.
Democratic presidential hopeful U.S. Sen.
In order to curb corporate borrowing, Warren said she would appoint the Financial Stability Oversight Council, which was created in response to the 2008 financial crisis, to monitor the risks of leveraged lending. As an example, Warren faulted the Trump administration for creating economic chaos, including President Donald Trump's trade war with China and through Trump "goading the United Kingdom toward a no-deal Brexit". "Whether it's this year or next year, the odds of another economic downturn are high - and growing", Warren said via Medium.
"When I look at the economy today, I see a lot to worry about again", Warren said. "Congress and regulators should act immediately to tamp down these threats before it's too late". While the figures she cites generally hold up, sometimes extra context is omitted: For example, while she says the level of credit-card debt is rising and recently matched its 2008 peak, on a per-household basis it's actually still below the peak.
Warren painted a gloomy picture of today's USA economic foundation, which is argued was "fragile" and could collapse easily.
Her solution? She said she has a plan to decrease household debt by increasing the minimum wage, canceling student loan debt, bringing down the cost of childcare and making tuition free at every public technical school, two-year college, and four-year college.
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A deadline looms for a budget deal between congressional Democrats and the White House to raise the USA debt ceiling, avoiding a government shutdown and a potential US default on its debt, which would devastate financial markets and the global economy.
"Trade-war-by-tweet" with China would also not be a part of Warren's foreign policy, she wrote, with an oft-used jab at President Trump.
To address the corporate debt issue, the senator argued that federal regulators should enforce leveraged lending guidance that is meant to stop banks from issuing risky loans.
One area of the economy that Warren did not raise a red flag over was housing.
Warren criticized that approach and said that Congress should "take the prospect of breaching the debt ceiling off the table forever by either eliminating it or by automatically raising the ceiling to accommodate spending and revenue decisions authorized by Congress".