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Colbert to Ron Paul: "You're Rand Paul's Dad!"

On the day he announced his intention to form a 2012 presidential exploratory committee, Texas congressman Ron Paul, R-Surfside, sparred with Stephen Colbert about the Fed, the debt ceiling and whether he and his sons are the "Libertarian Kennedys."

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On the day he announced his intention to form a 2012 presidential exploratory committee, Texas congressman Ron Paul, R-Surfside, stopped by The Colbert Report to talk about his now-familiar portfolio of issues: what's wrong with the Federal Reserve, why he would "absolutely not" support an increase in the debt ceiling and why he doesn't believe in the income tax.

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