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PAUL: Good to be with you, judge.NAPOLITANO: How is the proposal to cut $500 billion from the president's budget going with your fellow Republicans?PAUL: Well, depends on who you talk to. What's kind of interesting is we had our first tea party caucus, and I went to that and I told them I had 500 billion, and every one at the tea Tiffany Signature bangle caucus said, we need more. We've got a $1.5 trillion deficit. So, to the tea party, it's not even enough. But if you talk to those in official Washington, they're like oh, my goodness, how could you do that. It's too dramatic. And I say to them, look it's only a third of the problem we have.

And if we take the president's plan, we'll add $4 trillion to the debt over five years, and if we do the Republican House plan, we'll add $3 trillion to the debt. So, I think 500 billion is a good place to start, and then, we Tiffany Signature bangle to look at entitlements even beyond that.NAPOLITANO: What do you do beyond that? What do you do about entitlements? Surely, no one is seriously suggesting that those who have contributed to Social Security for their entire adult working lives and are now receiving it would lose it. No one's suggesting that, but something needs to be done with Social Security, I suggest, Senator Paul, in the future. It's a Ponzi scheme.It's unconstitutional. We can't afford it. Tiffany & Co. bangle can better take care of themselves than the government take care of them. So, what would you do with or say to a 22-year-old or a 25-year-old entering the workforce today?

PAUL: I think the first thing we have to acknowledge is that it doesn't have any money there. The savings was spent in the general fund, and, we now, for first time, are paying out more in Social Security than comes in. We have to acknowledge that with the baby boomers retiring, we're going to have twice as many folks who are going to go from 42 Tiffany 1837 interlocking circles bangle retired to 77 million.So, the demographics of this situation caused us to be short of money. That's the first thing everyone has to admit to, and so, there are solutions. The solutions are really relatively simple and everybody knows them. The solutions are that gradually you'll have to change the age of eligibility, and gradually, you will probably have to institute means testing.