WASHINGTON (CBSDC) — Former Alaska Gov. Sarah Palin believes President Barack Obama should be impeached if he raises the debt ceiling without the backing of Congress.
In a Facebook post, Palin said Obama is “scaremongering the markets” on the prospect of default if the nation’s borrowing limit doesn’t rise by Oct. 17.
“Defaulting on our national debt is an impeachable offense, and any attempt by President Obama to unilaterally raise the debt limit without Congress is also an impeachable offense,” Palin said. “A default would also be a shameful lack of leadership, just as mindlessly increasing our debt without trying to rein in spending is a betrayal of our children and grandchildren who will be stuck with the bill.”
Senate Majority Leader Harry Reid and Senate Minority Leader Mitch McConnell are reportedly close to striking a deal that would fund the government through Jan. 15 and raise the nation’s debt ceiling through Feb. 15, according to CBS News. Even if the Senate does pass this legislation, it still must be approved by the GOP-controlled House.
The Obama administration has warned of dire consequences if the U.S. defaults on its debt for the first time, claiming it will have tremendous negative impact on the global markets.
Palin says there is no way the U.S. can default if the Fourteenth Amendment — which states “the validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned” — is followed.
“We currently collect more than enough tax revenue to service our debt if we do that first. However, we don’t have enough money to continue to finance our ever-growing federal government (with our $17 trillion dollar national debt that has increased over 50% since Obama took office),” Palin stated. “That’s why President Obama wants to increase the debt limit.”
Palin, along with Sens. Ted Cruz and Mike Lee, took part in a protest at the World War II Memorial on the National Mall on Sunday.
She will be speaking at the Iowa Faith and Freedom Coalition in Des Moines, Iowa next month.
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