Kegerator problem with foam

IceAge - wow, that's very generous.

I've got my kegerator dialed in. I have the tower cooler installed, I've been running it with a 5 gallon bucket of water. Got my good quality thermometer in over the weekend. The bucket of water and a glass I have sitting on top measure 34 degrees and there's a lot of condensation on the tower. I have a 10' 3/16" ID hose installed. Eventually I'm gonna put on a Perlick faucet, but first....

Next step....get a keg in there. That'll have to wait until after Dark Lord day.

Thanks to all for the help. I'll report back after my first pour...