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Transcript) Judy Woodruff sat down with Texas Rep. Ron Paul Wednesday to discuss his campaign for the GOP presidential nomination and the ongoing debt-ceiling negotiations. The interview is the first in a series of conversations with GOP contenders seeking to take on President Obama in the 2012 election.
Paul began: "I want to bring all the troops home. When it comes to personal liberties and what's going on at our airports, I don't like the Patriot Act, and they (most Republican candidates) tend to support the Patriot Act. When it comes to monetary policy, they try to avoid it , yet money is one-half of all our transactions. We're in a mess; so I concentrate a whole lot on the Federal Reserve and monetary policy. And of course, the spending is big issue with me, but it's been that way for a long time."
On Congress and the debt: "...they don't understand economic policy because they're afraid of a default, and they've been frightened. But this is the way so often government works. They try to frighten the people, such as frighten people about being attacked by nuclear weapons that don't exist so we go to war needlessly. But the bailout - frighten the people so you bail out everybody, and forget about the people who are losing their houses. So, yes, there's a lot of that."
On the military: "They hurt us and they hurt our national defense. And we can save hundreds of billions of dollars when you add up all the militarism and all the foreign aid and all the mischief we create, why do we have troops in Korea and Japan - all these things. So you could save a lot. That wouldn't be enough."
On Medicare and Social Security (get ready to puke): "I would like to offer young people going into the workforce the chance to opt out, opt out of Social Security. But that won't work unless you do these cuts I'm talking about, the militarism as well as all these departments that make no sense at all...there's two groups: One group wants to - won't cut a nickel out of the military and the other won't cut a nickel out of entitlement system...I would want people to have medical-savings accounts. Young people should be able to opt out and build up a medical savings account and take care of their own programs."
My comments: As right-wing as he is, Paul is very few in Washington who dare to attack Big Military and corporate welfare.