Palin on Debt: Just Obama Drama

President Obama is just trying to scare the American people with his talk of serious consequences if no agreement can be reached on the debt ceiling, according to Sarah Palin. The Alaskan, appearing on Greta Van Susteren’s Fox News show, dismissed the situation as "more Obama drama," ABC News reports. "Scaring the American people is exactly what President Obama is doing in that bizarre speech he gave,” she said. “He’s getting pretty good at this fear mongering."

Palin said America would not default on its debt and the August 2 deadline is "looming, but it’s not Armageddon, it’s not life or death." She hailed John Boehner for his efforts in “trying to negotiate with Jello," as the House speaker has described his efforts to negotiate with Obama. The president, she said, "does not know what he is doing when we ask him to lead us out of this situation we’re facing with bankruptcy." (More debt ceiling stories.)