From Sarah Palin's
Facebook page:
Obama’s Debt Default is on His Shoulders While We Shoulder His Impeachable Offenses
Apparently the president thinks he can furlough reality when talking
about the debt limit. To suggest that raising the debt limit doesn’t
incur more debt is laughably absurd. The very reason why you raise the
debt limit is so that you can incur more debt. Otherwise what’s the
point?
It’s also shameful to see him scaremongering the markets
with his talk of default. There is no way we can default if we follow
the Constitution. The Fourteenth Amendment, Section 4, requires that we
service our debt first. 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). That’s why President Obama wants to increase
the debt limit. He doesn’t want to make the tough decisions to rein in
government spending. So, he’s scaremongering the markets about default,
just as he tries to scaremonger our senior citizens about their Social
Security, which, by the way, is funded by the Social Security Trust Fund
and is solvent through 2038.
It’s time for the president to be
honest with the American people for a change. 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. 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.
- Sarah Palin
In : Sarah Palin
Tags:
"sarah palin" "debt limit" "president obama"