The student loan debt crisis is the product of the government working on behalf of the wealthy and powerful instead of working-class people. Millennials are blamed for killing everything because everyone is buried in debt. Warren argues the student loan debt crisis was ultimately fueled by government inaction.

Policymakers stood by as state after state pulled back on investments in public higher education and sent tuition soaring. They stood by as for-profit colleges exploded, luring in students with false promises and loading them up with debt as their executives and investors raked in billions in taxpayer dollars. They stood by as employers demanded higher credentials while offloading the cost of getting those credentials onto workers. And they stood by as corporations made huge profits off of the new skills graduates gained through higher education while giving workers almost nothing in the way of wage increases — increases policymakers falsely promised would make graduates’ debt worth it.

It's time for the government to take action. By canceling the debt and making college affordable, the government would remove a huge weight from millions of Americans. According to Elizabeth Warren, canceling student loans would ultimately help the economy:

The experts also conclude that my plan will likely provide a boost to the economy through “consumer-driven economic stimulus, improved credit scores, greater home-buying rates and housing stability, higher college completion rates, and greater business formation.”

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