Palin to Both Parties: Vote Against Raising Debt Ceiling

By Nicholas Ballasy | May 2, 2011 | 1:52 PM EDT

( – Former governor and GOP Vice Presidential Candidate Sarah Palin (R-Alaska) told 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 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.

In a Nov. 30, 2010 file photo, Sarah Palin signs copies of her new book, "America By Heart," in Little Rock, Ark. Palin has posted a nearly eight-minute video on her Facebook page condemning those who blame political rhetoric for the Arizona shooting that gravely wounded U.S. Rep. Gabrielle Giffords. (AP Photo/Brian Chilson, File)

Palin did not attend the White House Correspondents dinner but made a surprise appearance with her husband Todd at the MSNBC after party at approximately 12:30 A.M. Her daughter Bristol Palin attended the dinner as a guest of People Magazine and also mingled with guests at the MSNBC party.