Palin warns Boehner on debt ceiling deal

Former Alaska governor Sarah Palin has issued a stern warning to House Speaker John BoehnerJohn BoehnerCameras go dark during House Democrats' sit-in Rubio flies with Obama on Air Force One to Orlando Juan Williams: The capitulation of Paul Ryan MORE (R-Ohio) as BoehnerJohn BoehnerCameras go dark during House Democrats' sit-in Rubio flies with Obama on Air Force One to Orlando Juan Williams: The capitulation of Paul Ryan MORE sits down with President Obama Sunday night to negotiate a raising of the debt ceiling: don't do it.

Palin, in an interview appearing in Newsweek, “made it clear that she’s against any deal that raises the debt ceiling and would hold House Speaker John Boehner’s feet to the fire if he agreed to one” according to the magazine.

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 “No, we have to cut spending. It is imperative, and I will be very, very disappointed if Boehner and the leaders of the Republican Party cave on any kind of debt deal in the next couple of months,” she said.

Palin last month told Fox News that she would be against any raising of the debt ceiling and favors holding the line and slashing spending across the board instead.

But she acknoweldged that Congress will likely raise the debt ceiling anyway.

Treasury Secretary Timothy Geithner again on Sunday said that the U.S. credit rating would suffer if the debt limit is not raised by Aug. 2—a prospect that would lead to higher interest rates and lower economic growth.

Only a small minority of Republicans in Congress, such as presidential candidate Rep. Michelle Bachmann (R-Minn.) are taking the “just say no” approach to the debt ceiling. Most Tea Party-backed members in the House favor tying a raising of the debt ceiling to cuts, spending caps and a balanced budget amendment.

In the Newsweek interview, Palin brags that she could win the White House if she chooses to run for it in 2012.