Former Alaska governor Sarah Palin slammed President Obama over the weekend, accusing his administration of “wiping out jobs” and jeopardizing” the U.S. economy.
Writing on Facebook, Ms. Palin laid into the Obama administration, saying deals over raising the nation’s debt ceiling will simply allow Democrats to continue spending rather than forcing drastic cuts.
“Our dangerously unsustainable debt is wiping out our jobs, crippling our economic growth, and jeopardizing our position in the global economy as the leader of the free world.”
“Hard working taxpayers have been big government’s Sugar Daddy for far too long, and now we’re out of sugar. We don’t want big government, we can’t afford it, and we are unwilling to pay for it,” the former Republican governor added.
Ms. Palin, who says in an upcoming interview with Newsweek that she is still considering entering the 2012 race for the Republican presidential nomination, has increased her opposition to President Obama’s call for raising the nation’s $14.3 trillion debt ceiling.
Mr. Obama, who said late Sunday that House Republicans and Congressional Democrats remain far from reaching a deal on reducing spending, has repeatedly urged members of Congress to consider spending cuts totaling $4 trillion. Speaking Saturday, House Speaker John Boehner said Republicans would consider a smaller $2 trillion package, citing concerns over tax increases.
Ms. Palin said she supports spending cuts, noting she also supports a balanced budget amendment put forth by Congressional Republicans.
“This debt ceiling debate is the perfect time to do what must be done. We must cut. Yes, I’m for a balanced budget amendment and for enforceable spending caps,” Ms. Palin said.
Meanwhile, Treasury Secretary Timothy Geithner reiterated his warning to members of Congress, urging them to reach a deal on raising the debt ceiling before an August 2 deadline that represents the latest date a deal can be passed by Congress. Late last week, the Treasury Department said a deal must be reached by July 22, noting the need to craft a measure and pass it before the August deadline.
