Tags: Sarah Palin | debt ceiling | Barack Obama | default | McConnell | plan

Palin: Time to 'Reload' on Debt Ceiling

By Hiram Reisner   |   Thursday, 14 Jul 2011 10:24 AM

Former Alaska Gov. Sarah Palin says although the nation cannot default on its loans, it is time to “reload” and show Americans the GOP is not willing to capitulate to President Barack Obama on the economy. Palin also said on Fox News Wednesday she would not vote to increase the nation’s debt, but she believes it will be done.
“It’s absolutely nonsensical, the lack of planning that our leaders are exercising and showing their constituents coming out of D.C. right now, and the lack of understanding that too many have there in D.C. — not understanding that Obama’s big government, job-killing policies really are the antithesis of what our country needs to get back on the right track to allow us to be exceptional again,” Palin told Fox News’ Sean Hannity.

Palin noted that Senate Minority Leader Mitch McConnell’s plan — to allow Obama to unilaterally raise the debt ceiling without a congressional vote — “makes no sense,” because the Constitution hands the power of the purse strings to Congress.

“We cannot default, but . . . we cannot afford to retreat right now, either. Now is not the time to retreat,” she said. “This is the time to reload — and we reload with reality by giving facts and numbers to the American public, so that those of us across the U.S. can start chiming in and letting our representatives know that we will not capitulate. We will not hand over more power, which I believe is unconstitutional, to President Obama to further manipulate our economy.”

Palin said McConnell and House Speaker John Boehner need to get Obama to face the reality that “free-market, time-tested principles” are needed to get the economy back on the right track.”

“We cannot afford to back off and just hand him, with the white flags waving in front of him, a white flag saying: Here, Mr. President, we trust you, you take over you do it,” she said. “Because our president has failed in that arena.”

Palin also said if she was in Congress “I would not vote to incur more debt, not under this president. I — I do not trust him.”

“However, as I’ve gone on record saying previously, I believe that it will be increased, because too many in Congress believe that the president must have that allowance of increasing the debt,” she said.

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