Gov. Tim Pawlenty (R-MN) had an interesting way of describing federal spending today, calling it "a Ponzi on the Potomac" that "cannot continue on this current course."

On Fox News earlier, Pawlenty criticized the administration for "making spending obligations based on hopes and wishes," saying that he instead proposed "a balanced budget requirement."

Pray, T-Paw, tell us why you proposed this requirement:

For all the reasons your earlier guest was suggesting. The federal government is running a Ponzi scheme. It's a Ponzi on the Potomac. They cannot continue on this current course.

Here's the clip: