The junior senator from Kentucky is set to release his own budget, one that would cut five hundred billion dollars in one year:

Paul’s version of the federal budget — which he’ll unveil as early as next week — would target programs at virtually every federal agency, including the Defense Department, and would eliminate the Education Department. He plans to follow up with a five-year budget with even deeper spending cuts, a move likely to prompt backlash from groups that would be affected by his proposal.

Rand Paul is fast on the way to becoming King of the Tea Party. If he didn't have the stench of white supremacy all over him, he'd have a good shot at being the Republican vice presidential nominee in 2012. As it is, I'd still give him good odds.