Palin issued a sweeping indictment of Washington at a Friday night banquet in Santa Barbara, celebrating the centennial of Reagan's birth, warning that a new era of big government was menacing the country.
The former Alaska governor derided the stimulus spending, soaring national debt and the nation's foreclosure rate. She called it "staggering."
Palin says the nation is in the same out tax-and-spend policies and called for a return to the limited government and tax cuts promoted by Reagan.
Palin delivered her remarks at a dinner sponsored by the conservative Young Americas Foundation.
The dinner, held under tight security, was part of a string of events marking the centennial of Reagan's birth.