Giuliani Blames GOP Spending for Election Losses

Republican presidential contenders scolded Congress for extravagant spending of tax dollars and Rudy Giuliani blamed the issue for GOP losses in last year's elections. He says they lost control of Congress because they were just like the Democrats as far as spending was concerned and shame on the GOP. Mitt Romney also said that it was time for Republicans to act like Republicans and he promised to veto any spending increase that is more than the inflation rate minus one percentage point.