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CBS News - Ron Paul: Time To Stop Spending Trillions On War

Republican presidential candidate Ron Paul said Monday that America could save trillions of dollars if the country cut funding from wars - "and all the nonsense that we do around the world."

The Texas Representative argued in Monday's Republican presidential debate that, rather than eliminating programs like Social Security and prescription drug benefits for seniors, America could reduce trillions' worth of spending in conflicts abroad .

"I agree that Social Security is broke. We spent all the money and it's on its last legs unless we do something," Paul said, when asked if he thought Social Security was a "Ponzi scheme" - a phrase his GOP contender and fellow Texan Rick Perry has used to describe the entitlement program.

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