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In a shock announcement Wednesday night, Iowa state senator and onetime Michele Bachmann campaign leader Kent Sorenson declared that he is now supporting Ron Paul for president.

Sorenson made the announcement at a Paul rally with veterans here in Des Moines, telling the crowd: "I believe we're at a turning point in this campaign."

Calling the decision to abandon Bachmann a painful one, Sorenson said he felt obligated to join Paul as the "Republican establishment" tries to undermine his campaign.

"I thought it was my duty to come to his aid, just like he came to my aid during my Senate race, which was a very nasty race," Sorenson said, pledging to go all-out for Paul over the next few days.

To cheers from the crowd, he continued: "We're going to take Ron Paul all the way to the White House."

Ron Paul to propose $1T in specific budget cuts - (Read Full Article)

Ron Paul’s opinions about cutting the budget are well-known, but on Monday, he’ll get specific: the Texas congressman will lay out a budget blueprint for deep and far-reaching cuts to federal spending, including the elimination of five cabinet-level departments and the drawdown of American troops fighting overseas.

There will even be a symbolic readjustment of the president’s own salary to put it in line with the average American salary.

During an afternoon speech in Las Vegas ahead of Tuesday’s debate, Paul will say that his plan for $1 trillion in cuts will create a balanced federal budget by the third year of his presidency.

“Dr. Paul is the only candidate with a plan to cut spending and truly balance the budget,” says an executive summary of the plan, which POLITICO obtained, along with detailed spending and taxation levels, ahead of its release. “This is the only plan that will deliver what America needs in these difficult times: Major regulatory relief, large spending cuts, sound monetary policy, and a balanced budget.”

Many of the ideas are familiar from Paul’s staunch libertarianism, as well as tea party favorites like eliminating the departments of education and energy. But Paul goes further: he’ll propose immediately freezing spending by numerous government agencies at 2006 levels, the last time Republicans had complete control of the federal budget, and drastically reducing spending elsewhere. The EPA would see a 30 percent cut, the Food and Drug Administration would see one of 40 percent and foreign aid would be zeroed out immediately. He’d also take an ax to Pentagon funding for wars.

Rep. Ron Paul: The country is ripe for revolution - (Read Full Article)

Republican presidential candidate Ron Paul rallied a sold- out crowd of more than 1800 of his most ardent under-thirty-year-old supporters in New York City Monday night.

Tickets to the event cost $20-25. It was originally scheduled to take place at the famed Webster Hall's Marlin Room, but, the event had to be moved to a room twice as large at the last minute due to an overwhelming response. The final setting was in the Grand Ballroom, which has hosted celebrities to the scale of Mick Jagger and Madonna.

"We are seeing a level of enthusiasm for Ron Paul that can be compared with President Obama in 2008", said Eric Brakey, Media Coordinator for NYC Liberty HQ, the grassroots organization hosting the rally for the candidate. "Congressman Paul's youth support is different now than it was during his last presidential campaign. It's more organized and it's picking up steam and continues to grow".

As the longtime congressman from Texas stepped onto the stage, the crowd screamed with enthusiasm. The audience's biggest reaction came when he spoke about ending the Federal Reserve. "The country has changed in the last four years, but my message hasn't changed" Paul said. "The country is ripe for a true revolution".

Responding to an earlier interview with Jon Stewart, he told the crowd that he is largely ignored by the media for a couple of reasons, one being that "people in charge don't want to hear our message".

Ron Paul: ‘They Call Me Extreme – They’re The Extremists!’ - (Read Full Story)

During an interview with CNN last night, presidential frontrunner Ron Paul explained how the establishment is finding it more and more difficult to portray his ideas as “extreme,” pointing out how his viewpoints are becoming part of mainstream thinking as the real “extremists” in charge continue to follow the same course even as America’s economy crumbles.

Asked why the media obsessed about Michele Bachmann while ignoring Ron Paul completely despite the fact that Paul almost beat her in the Ames straw poll, the Congressman said that the establishment was running scared.

“They’re afraid of me, they don’t want my views out there, they’re too dangerous, we want freedom and we’re challenging the status quo, we want to end the war, we want a gold standard, and their view is that people just can’t handle all this freedom, they want dependency, they want socialism and welfarism, so I think they don’t like to hear our views, but I think we’ll make the best of it and we’ll do very well,” he said.

Paul responded to host Piers Morgan’s assertion that Democrats were hyping Paul’s campaign as a means of dividing Republicans in order to pave the way for an Obama victory by pointing out that polls show he would have the best chance out of all the candidates of defeating Obama in a head to head race.

Acting as a "central economic planner," the Federal Reserve is moving the U.S. economy from one market bubble to another, and the next one will be a disaster, Rep. Ron Paul, R-Texas - (Read Full Story)

After the collapse of the tech, housing and financial bubbles, Paul said, the "dollar bubble" will be next.

"That's going to be the big one," the Texas congressman said on the heels of yesterday's worldwide market plummet, which saw the Dow lose more than 500 points.

In response to the market bloodbath, Paul noted, investors are pouring money into treasury bills and dollars, "but that is a bubble, too."

"When the panic comes, and they leave the dollar and go into real assets, that's when the whole world knows that a new monetary system is on the horizon, because this one will not last," Paul warned.

Days like yesterday, he said, "are warning signs that that big crash is coming for the dollar."

Paul emphasized that along with Congress balancing the budget and stopping spending, the U.S. needs a new monetary system.

"The system is built on a monetary system where the Fed creates money out of thin air," he said. "You have to stop doing that, because that is what caused the deficits to pile on and the financial bubble."

Rep. Paul to Fed: Tell Us Everything, or Else - (Read Full Story)

The chairman of the House subcommittee that oversees the Federal Reserve demanded Tuesday that the Fed fully disclose details of billions -- perhaps trillions -- in secret emergency loans it made to almost every major bank in the U.S. and overseas during the financial crisis or face a congressional subpoena for the information.

In an interview with Fox Business, Rep. Ron Paul (R-Texas), chairman of the House Financial Services subcommittee on domestic monetary policy, said he wants to know “how much, when, where and why” from Fed officials when they testify about the loans at a subcommittee hearing Wednesday.

“We’re going to get to the bottom of what the Fed did during the big bailout a couple of years ago,” Paul said. “We have some precise questions. I imagine we won’t get all of them answered tomorrow because they’ll do a little bit of stonewalling, I’m sure.”

“If they don’t answer, they’ll hear from us,” he said. “We can use the subpoena power and say, ‘Look, you have to bring us the records.’"

Ron Paul: ‘New World Order’ Using Financial Crisis, Wars To Enhance Globalism (Full Story)

Congressman Ron Paul, icon to liberty lovers the world over, sent a stark message this week to ruling elite “internationalists” attempting to expand globalism via the Western military industrial complex – you will fail.

Speaking on the nationally syndicated Alex Jones Show, Paul expressed his concern that a deeply malign form of globalism is being promoted and expanded on the back of international crises, namely the political upheaval in the middle east and north Africa, coupled with ongoing financial meltdown.

“The new world order people see it as an opportunity to move one step forward.” Paul stated, alluding to an infamous description of the current US led international coalition of powers.

“Bush senior bragged about that, remember he didn’t want to go to Congress, he came and got a token approval in 1990/91 for the Persian Gulf war, but he got his orders from the UN, he didn’t need to go to Congress… That was the first time I heard a president use the words ‘new world order’, anyone who used that had to be a conspiracy nut, but Bush was saying this is what we need to do for the ‘new world order’.” Paul explained.

Ron Paul’s Texas Straight Talk: Lets Be Clear – This Is A US Act Of War On Libya

Obama’s unconstitutional war on Libya is aiding Al-Queda and other terrorist organizations. Why is nobody but Dr. Paul pointing this out? (Video)

Ron Paul: Libya Airstrikes Unconstitutional – Only Congress Can Declare War

Mr. Speaker: I rise to introduce a resolution expressing the sense of the Congress that the President is required to obtain in advance specific statutory authorization for the use of United States Armed Forces in response to civil unrest in Libya. As many in the administration, Congress, and elsewhere clamor for the president to initiate military action to support those seeking to overthrow the Libyan regime, Congress sits by, as usual, pretending that Article I, Section 8 of the US Constitution does not exist. According to this long-ignored section, ‘‘The Congress shall have Power To declare War, grant Letters of Marque and Reprisal, and make Rules concerning Captures on Land and Water.”

This is black letter law, not some aspirational statement by our Founders. Their intent was indisputably clear: Congress alone, not the Executive Branch, has the authority and the obligation to declare war if hostilities are to be initiated against a foreign state that has not attacked the United States.

Let us be clear about one thing: for the US to take action to establish a “no fly” zone over all or part of Libya would constitute an act of war against Libya. For the US to establish any kind of military presence on the sovereign territory, waters, or over the airspace of Libya is to engage in a hostile action that requires Congressional authorization.

Ron Paul: Congress Criminally Devaluing Americans’ Savings

Last week the 112th Congress was sworn in. I am pleased that I will be chairing the Monetary Policy Subcommittee of the Financial Services Committee, which has oversight of the Federal Reserve. Obviously, this position will facilitate my efforts to ensure the Fed provides the American people with more information about what they have been doing with and to our money. Not surprisingly, since my chairmanship was announced, apologists for the Fed have been recycling the old canard about how increased transparency threatens the Fed’s so-called political independence.

By independence, they are referring to the Fed’s ability to greatly impact the economy with virtually no meaningful oversight. We only recently learned that the bankers at the Fed were able to use the latest financial crisis to bail out Wall Street cronies and foreign central banks with billions of dollars that were created and wasted, instead of appropriated and voted on by representatives of the people. The Fed and its supporters in Congress vehemently fought even this small bit of transparency and without this one-time provision in the financial reform act forcing disclosure, we would still not have this information. Indeed, we are in the dark on so much of what the Fed has done. This is extremely dangerous for our country, yet this power and secrecy is defended as some kind of public good, which is patently ridiculous.

Ron Paul Unleashes On TSA: "Enough Is Enough"

In perhaps his most impassioned and irate speech to date, Congressman Ron Paul unleashed a tirade of vilification at the TSA and their security procedures that have stoked nationwide outrage, stating "enough is enough" as he introduced new legislation to that would open the way for TSA employees to be sued for groping Americans or putting them through dangerous naked body scanners, preventing travelers ?from being treated like cattle'.

House Democrats Drop Ron Paul’s Audit of Federal Reserve

Yes, you read that right. Ron Paul’s push to audit the Federal Reserve Bank and see who received how much money in the last few years has been drastically reduced. Amidst the many costly bailouts, recipients have included banks, large companies, and even foreign countries. And now it appears that much of what has happened will remain behind closed doors.

So much for transparency. So much for accountability. Remember those bright promises made a couple years ago, opening up a new era of hope and change? In fact, you can still read those promises made by our President on the official government web site. I’ll quote some of it:

My Administration is committed to creating an unprecedented level of openness in Government. We will work together to ensure the public trust and establish a system of transparency, public participation, and collaboration. Openness will strengthen our democracy and promote efficiency and effectiveness in Government.

Government should be transparent. Transparency promotes accountability and provides information for citizens about what their Government is doing. Information maintained by the Federal Government is a national asset. My Administration will take appropriate action, consistent with law and policy, to disclose information rapidly in forms that the public can readily find and use. Executive departments and agencies should harness new technologies to put information about their operations and decisions online and readily available to the public. Executive departments and agencies should also solicit public feedback to identify information of greatest use to the public.

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