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Gov. Palin: Obama is scaremongering the markets and Seniors

Posted by Dr. Fay on October 15, 2013

Governor Palin posted the following on her Facebook page and as an op-ed at Breitbart.com yesterday.

Sarah Palin · 3,824,580 like this

16 hours ago ·

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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

One Response to “Gov. Palin: Obama is scaremongering the markets and Seniors”

  1. Obama thinks he can wait out the GOP and unfortunately I am afraid he may be right. Those Republicans need to hold the line for common sense or be voted out. This administration is reckless and disrespectful to ALL Americans and should be held accountable for their actions — Bengazi, IRS Scandal, Fast and Furious, using veterans as pawns, etc….all of those are impeachable, but we have a spineless Washington right now.

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