(CNN)-Former Alaska Gov. Sarah Palin had sharp words for both President Obama and Senate Minority Leader Mitch McConnell late Wednesday as she criticized their handling of the looming debt ceiling deadline.
"It's absolutely nonsensical the lack of planning that our leaders are exercising and showing their constituents coming out of D.C. right now," she said.
The 2008 GOP nominee for vice president pulled no punches in an appearance on Fox News when it came to the actions of the president, whom she blamed for "big government job killing policies" and "fearmongering tactics" or McConnell, who proposed a short term plan she claimed "makes no sense."
"It does cede power to our president and takes away that authority that is inherent in Congress to control the economic decisions that have to be made when it comes to debt," Palin said of McConnell's short-term strategy to increase the debt ceiling in three increments.
"We cannot afford to back off and hand him a white flag saying, 'Here Mr. President we trust you you take over, you do it' because our president has failed in that area," she continued.
And though there's blame to go around, for Palin, the buck stops with Obama.
"Our president is essentially suggested the other day that he's not able to prioritize, as the chief executive of our nation he can't prioritize," she stated.
Palin, who said she'll decide on a bid for the 2012 GOP nomination for president by August or September, also gave advice to Republicans engaged in debt negotiations with the executive-in-chief.
"We cannot default but we cannot afford to retreat either, now is not the time to retreat. It's the time to reload and we reload with reality," she said.