(CNSNews.com) – Former governor and GOP Vice Presidential Candidate Sarah Palin (R-Alaska) told CNSNews.com that Congressional Democrats and Republicans should vote against raising the debt ceiling.
“I absolutely do think the Republicans and Democrats – any common sense fiscal conservatives who understand that we can’t just give another tool to big spenders – I think they should vote against the debt ceiling; take the 6-8 billion dollars a day that the federal government rakes in – use that to service the debt; pay highest priorities first then we don’t have to raise that debt ceiling,” Palin told CNSNews.com during an interview on the red carpet at MSNBC’s White House Correspondents Dinner after party Saturday night.
“Otherwise, it’s just unlimited debt that we’re going to incur in this nation. Yeah, I’d vote against and I hope they do too.”
The current legal limit on the national debt is $14.2940 trillion. Treasury Secretary Timothy Geithner wrote a letter to Senate Majority Leader Harry Reid (D-Nev.) warning Congress that the Treasury is close to reaching the debt limit. In the letter, Geitner said that on average the public debt of the United States increases by approximately $125 billion per month.