Former vice presidential candidate Sarah Palin compared the federal debt to slavery at a weekend fundraiser, though she clarified that she wasn’t being “racist.”

Appearing at the Iowa Faith & Freedom Coalition’s fall fundraiser in Des Moines, Palin told an audience of some 750 supporters that federal debt is the equivalent of American slavery, the Des Moines Register reports. Just to make sure she didn’t offend anyone with her statements, she clarified that she wasn’t being “racist,” apparently having missed the memo that says anyone who claims they aren’t being racist is usually being pretty racist.

"Our free stuff today is being paid for by taking money from our children and borrowing from China," Palin told her audience. "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 [be] beholden to the foreign master."

Palin didn't mention the fact that under Barack Obama, the federal deficit is falling at its fastest rate in more than 60 years. And she didn’t end her comparison to slavery there. Instead, Palin continued, implying that her conservative policies were this generation’s equivalent of the Freedom Trail, “moving the poor and the underemployed out of poverty and out from 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,” Palin continued.

Not content to merely contort economic and historical facts for the sake of bad metaphors, Palin also spent time shilling for her new book, “Good Tidings and Great Joy: Protecting the Heart of Christmas,” at the fundraiser.

“Christmas is under attack,” Palin claimed. “I say in a very jolly Christmasy way: ‘Enough is enough.’ Enough is enough of this politically correct police out there that is acting to erode our freedom to celebrate and exercise our faith.”

Of course, no Sarah Palin fundraiser would be complete without some totally transparent pandering to her fanbase.

"You’re unpretentious, hardworking, humble, very candid. You tell it like it is and you’ll tell a politician exactly what it is that you’re thinking,” Palin told the audience.

Other speakers at the fundraiser included Iowa Gov. Terry Branstad, U.S. Rep. Steve King, and Iowa Faith & Freedom President Steve Scheffle.