The Washington Times - July 7, 2011, 09:28AM

Rep. Michele Bachmann, GOP presidential candidate, announced that she will vote against raising the debt ceiling. In a TV campaign ad, the Minnesota Republican said that she will not support any increase in the current $14.3 borrowing limit

In the ad entitled “Waterloo”, which is her birth place in Iowa, she looks at the camera and says: “I know that we can’t keep spending money that we don’t have. That’s why I voted against the wasteful bailout, against the stimulus. I will not vote to increase the debt ceiling.”

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Watch the ad below: 

Mrs. Bachmann is one of only two of the Republican presidential candidates who did not sign the Tea Party supported “cut, cap, balance” pledge. (The other, Jon Huntsman, does not sign any pledges.) The pledge would have held her to vote against the debt ceiling increase unless it has significant spending cuts, caps on future spending and House and Senate passage of the Balanced Budget Amendment.

Her spokesman told me last week that Mrs. Bachmann hadn’t yet signed onto the pledge because she wanted the full defunding of ObamaCare included in the debt ceiling deal. “She believes all debt-ceiling-related spending-cut discussions must include the defunding of President Obama’s massive health care program,” said Becky Rogness.

Mrs. Bachmann is running second in the first 2012 caucus of Iowa.