Sarah Palin's Economics Lesson, Part Two

Via Chris Orr and Mudflats, here's a little taste of the exchange between Sarah Palin and Sean Hannity:

Hannity: ...The price of oil is going up again. It's not quite at $140 a barrel, but it's on its way up to $70 and $80...

Palin: Yeah, well and I thank God it's not at $140. You know people say, "Hey, Alaska! 85% of your state budget is based on the price of a barrel of oil. Aren't you glad the price is going up?" I say, "No!" The fewer dollars that the state of Alaska government has, the fewer dollars we spend. And that's good for our families and for the private sector.