Ron Paul: 'I'm pretty well-equipped' to be president

Rep. Ron Paul, the Texas Republican who is running for president in 2012, said Sunday he is "pretty well-equipped" to occupy the Oval Office.

"Compared to others, I would say I'm pretty well-equipped; I've had a fair amount of experience," Paul said on "Fox News Sunday." "I've been in the military. I was in the military five years. That gives me a little bit of experience."

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The 2012 campaign will be the third run for the White House by the libertarian-leaning congressman, but on Sunday he said he would limit the scope of responsibilities for the office he hopes to hold.

"But to brag that I can run things, I don't do that, because that's not what a president is supposed to do. A president is supposed to guarantee and work for the protection of liberty and allow people to take care of their problems," Paul said.