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“I hope this sets an example for the rest of government — at all levels,” he added. “We can carry out our duties in a fiscally responsible way. Government can be both smart and efficient. We are proving that — and trying to convince the rest of Washington.” Paul is the son of GOP presidential candidate Ron Paul and co-founded the Senate tea party caucus. As the younger Paul stumped for his father in Iowa and New Hampshire, there’s been plenty of speculation that Rand Paul could launch a presidential bid of his own in 2016.