Here's the snippet in question, which was part of a sequester-related post [on Palin's Facebook page] that went live yesterday and has already garnered more than 57,000-odd likes:

"If we are going to wet our proverbial pants over 0.3% in annual spending cuts when we’re running up trillion dollar annual deficits, then we’re done. Put a fork in us. We’re finished. We’re going to default eventually and that’s why the feds are stockpiling bullets in case of civil unrest."

So is the federal government actually stocking up on bullets "in case of civil unrest"? Um, in a word, no. In a few more, via an Associated Press article from two weeks ago explaining the real reason that federal agencies have been buying extra ammo lately:

"Online rumors about a big government munitions purchase are true, sort of. The Homeland Security Department wants to buy more than 1.6 billion rounds of ammunition in the next four or five years. It says it needs them—roughly the equivalent of five bullets for every person in the United States—for law enforcement agents in training and on duty. ...

Federal solicitations to buy the bullets are known as 'strategic sourcing contracts,' which help the government get a low price for a big purchase, says Peggy Dixon, spokeswoman for the Federal Law Enforcement Training Center in Glynco, Ga. The training center and others like it run by the Homeland Security Department use as many as 15 million rounds every year, mostly on shooting ranges and in training exercises."

Snopes, which tracks Internet conspiracy theories, pinpoints the start of the "stockpiling" rumor to an anonymous email that began making the rounds this past summer...