Former Rep. Dick Armey, R-Texas, recently issued a warning to the GOP.

Armey said Republicans need to stick to their conservative fiscal principles or risk a revolt from tea party activists.

"We don't particularly care to hang around with people who are making insincere promises to fulfill their political objectives," Army told CBN News during the Republican National Committee meetings in Hawaii.

"If they don't understand the idea is bigger than the man, the idea is bigger than the party, the idea is bigger than the moment, then we're not particularly willing to be with them and give them the sense of our endorsement," the Tea Party leader warned.

Some conservatives say the tea party activists could form a third political party.