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Ron Paul has hope in upcoming generation

GOFFSTOWN – The $38 billion in budget cuts that the U.S. House of Representatives approved this week are not nearly enough to tame the nation's escalating debt, Rep. Ron Paul of Texas told a New Hampshire audience Friday.

"I don't think it will do anything to solve the problem," the Republican congressman said during a speech at the New Hampshire Institute of Politics at Saint Anselm College. "This year the national debt is going up $2 trillion, and you're talking about a $38 billion cut in the CR, which wasn't real -- it was all fictitious. It's nothing."

In his speech, Paul, who is considering a 2012 presidential bid, stressed the necessity of shrugging off expensive government programs in favor of a leaner, more self-reliant society.

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