Page 4 - Tim Palenty News Today : Breaking News, Live Updates & Top Stories | Vimarsana

>> yeah, he does. >> not a ringing endorsement. >> what you guys are reporting is that the rnc general counsel is going take over looking at the books and making sure that this kind of thing doesn't happen? >> we have a story on politico about a former counsel to the rnc being brought back in as part of a measure to institute some accountability over what's being spent and i think that's the kind of stuff, andrea that could reassure some donors and activists that have real concerns about where the party is now and what's happening in that building. again, like you said, when you got folks like...

>> bottom line is this, we simply cannot continue to spend as if deficits don't have consequence. as if waste doesn't matter. that the hard-earned tax dollars of the american people can be treated like monopoly money. bill: that was president obama on the $3 trillion budget plan, expected to shoot our debt to record levels and now there's brand new reaction, tim palenty, accusing washington of running a ponzi scheme on the po tomac. the governor is with me now. good morning to you. you entry this as a ponzi scheme, where investors put in money at the front end and siphon off of others who come...

I've got a pack and i'm speaking to these stits on a lot of frequency. it's not just limited to iowa and new hampshire. bill bin laden i understand. there are a lot of rumors out there, governor, so we'll continue to bring those up, when appropriate, only. governor tim palenty is governor of the state state of - in the state of minnesota. they've got their own problems, too. as he detailed. martha: there are new pointed threats coming from president mahmoud ahmadinejad as the white house ramps up the missile shield near his country and remember the blood in the street in iran, backlack from ah...

To kick things off with breaking news, we're so glad you're with us, i'm jenna lee. jon: i'm jon scott. we are here in the fox news room and "happening now", testing for the white house race water necessary 2011 and for the first time in this presidential cycle, five gop contenders appeared at an event together in iowa, the state that holds the first caucus in the entire nation. jenna: you see them on the screen, you have tim palenty, rick santorum, former house speaker newt gingrich and her man cane, also louisiana governor buddy romer trying to stand out from the crowd and drumming up suppor...

What the president is proposing for next year would be about a $33 billion reduction in spending. but republicans are already looking at cutting $100 billion in this year, in the current fiscal year. it's very aggressive. republicans are deeply disappointed, they thought there might have been signals from the white house, from meetings and others, that there might be common ground here, a lot of -- a lot of them scratching their heads thinking the president, quote, missed a leadership opportunity to, shorthand it in the words of tim palenty, they think the president has chickened out. this is ...