Sarah Palin said over the weekend that the national debt is akin to slavery, because when the bill comes due, Americans will be at the mercy of the lenders.

Palin qualified her comment by saying that it "isn't racist."

"Our free stuff today is being paid for by taking money from our children and borrowing from China," the former Alaska governor and 2008 GOP vice presidential candidate said at a Faith and Freedom Coalition fundraiser Saturday night, according to the Des Moines Register. "When that money comes due – and this isn’t racist -- but it’ll be like slavery when that note is due. We are going to beholden to the foreign master."

Palin, who is embarking on a book tour to promote her new Christmas book, then continued the metaphor. She said conservatism is about lifting people out of "the shackles of dependency on government."

"We’re not wards of the state but free men and women who can live good and productive lives without D.C.'s appointed best and brightest telling us what to do," she said.