There are a lot of scary stories out there about what might happen if the federal government’s ability to borrow is shut off because it has reached the limits of the statutorily enacted debt ceiling.
But former Alaska Gov. Sarah Palin thinks those threats don’t measure compared to debt and deficit situation facing country.
In an interview Friday on Fox News Channel’s “Special Report,” Palin told host Bret Baier she wouldn’t support raising the debt ceiling. “Hells no, I would not vote to increase the debt ceiling,” Palin said. “Otherwise it just shows the American people we’re not serious yet. We’re still going to incur more debt. And we don’t have to increase the debt ceiling in the next few weeks. It turns my stomach to hear the assumption articulated that we have to, despite the fact we’re raking in, the federal government, $6 billion a day. Take that money and service our debt first and pay down some of that debt. Make sure that we’re showing the international financial markets and our lenders that we’re serious about getting our debt and deficit problems under control.”
Palin suggested to her fellow Republicans considering such a vote to take into account where taxpayer dollars are being spent and to make the states take a leading role in their expenditures.
http://news.yahoo.com/s/dailycaller/20110430/pl_dailycaller/palinonraisingthedebtceilinghellsno
