Well, either way Ron Paul is not a 3rd party candidate. He is a Republican. Will he make a difference in this election? I don't think so. One of the other candidates will win the Republican nomination and select someone else as their VP candidate. By the time most people tune into the election it will be one of them vs. Hillary and some talk of the VP candidates.
As far as I know none of the leading candidates is discussing abolishing the UN, the Federal Reserve or the IRS and I don't think they will.
As far as smaller government; I am all for it but the Democrats and Republicans both seem in favor of larger government now (Hillary's Healthcare, Bush' Prescription Drugs). I don't think Paul will open up a lasting dialogue on the subject though it may come up as a result of the beliefs of one of the other candidates. The last year that federal outlays actually decreased was 1965. Before that 1955.
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