• With: Sen. Rand Paul, R-Ky.

    This is a rush transcript from "Your World," January 30, 2014. This copy may not be in its final form and may be updated.

    ERIC BOLLING, GUEST HOST: After the runaround, a potential roadblock. Senator Rand Paul is ready to rein in the president amid fears his executive actions are going too far.

    Senator Rand Paul, great to see you again, sir. Thanks for joining us.

    SEN. RAND PAUL, R-KY.: No problem.

    BOLLING: All right. So, a lot has been made recently of President Obama promising to use his executive pen and his executive phone, whatever that means, not really sure what that means, and, sir, you have pushed back on that. But I believe there's some new news here that you say you're going to -- you plan on introducing legislation making sure that you can overturn executive action.

    Can you explain that?

    PAUL: We have something called the restoration of separation of powers. Separation of powers is something our founding fathers in -- intended to have checks and balances.

    And the president seems to think, not only is he president. He thinks he is the Congress also. So, our bill would give people standing, congressmen as well as individual citizens, standing to sue the president and say, look, you're not allowed to pass laws. You're only supposed to execute the law.

    But, right now, it's difficult to get standing in court to try to ask the Supreme Court their opinion on this. So my legislation would make it easier to sue the president over him basically trying to become a king and not just a president.

    BOLLING: Sir, when do you plan on introducing this legislation?

    PAUL: We have already introduced it. And our hope is that we will get a hearing. But you may have heard Harry Reid is in charge over here, and he doesn't like Republicans to get a vote on anything that they're in favor of.

    BOLLING: Very good. Got you. Got you.

    One of the other topics of the State of the Union address the other night was the gender pay gap between men and women in America. We did a little research. A couple people sent us some e-mails and told us you better check into the White House. Apparently -- and correct me if I'm wrong -- but the White House has its own gender pay gap, does it not?

    PAUL: Yes.

    Apparently, if you work at the White House and you're a man, you got -- you get paid better than the women. So, they better start out with their own. They have got apparently some kind of White House war on women going on over there. And they need to check out their -- their own household income before they start looking elsewhere.

    BOLLING: In fact, it's -- it's almost a bit hypocritical. If I'm not mistaken, I believe it's 87 cents on the dollar that women get paid vs. men in the White House.

    PAUL: Yes.

    I think people don't like to see hypocrisy. The Democrats have been coming up with this and saying one party doesn't like women and they do, but, apparently, when it comes to them making the decisions, they think they ought to pay women less in the White House. So, yes, I think hypocrisy is a real problem for them.

    BOLLING: All right.

    Senator, also, during the State of the Union, we saw Vice President Joe Biden behind the president. The following morning, yesterday morning, he - - he was -- he hit the talk show circuits and he talked about his thoughts for 2016.

    Can we roll a little sound bite of that?

    (BEGIN VIDEO CLIP)

    JOSEPH BIDEN, VICE PRESIDENT OF THE UNITED STATES: In my heart, I'm confident that I could make a good president. It's a very different decision to decide whether or not to run for president. And there's plenty of time to do that. I have not made a decision. I have not made a decision not to run.

    (END VIDEO CLIP)

    BOLLING: All right. Aside from your opinion now whether he should or shouldn't run in 2016, let's talk about the next three years.

    Should he step up and have more of a presence in the White House for the next three years?

    PAUL: Well, the interesting thing is that he actually has better rapport and more of an ability to come to Congress. And we understand they keep him on a short leash up there because they're afraid he will upstage the president.

    But he actually, when he has come to Congress, has been -- and had probably a better ability than the president to actually get along and try to seek compromise. And that's what we need. We need more conversation. So, actually, rather than creating some commission and shuffling the vice president off to some Third World country, they probably ought to send him to Capitol Hill and let him talk to us.

    BOLLING: All right, well, not a bad idea.

    Let's talk about 2016. Now, he said he wasn't sure if he was going to run or not, but he thought he would be in fact a good -- make a good president. Your thoughts on running, going against a Joe Biden?

    PAUL: Well, it sounds like he has got one vote. He has convinced himself that he would be a good president.

    (LAUGHTER)

    PAUL: But I don't -- I don't know. There's probably some skepticism among others about that.

    I think he is a nice guy, but only time would tell, you know, whether or not he has anything new to offer. I mean, his administration has presided over 20 million people being without work, a really languishing economy, lots of people losing their health insurance. So I would say he has got a lot of explaining to do if he would seek the presidency.

    BOLLING: Sure. Sure.

    Sir, also, Hillary Clinton, this week, I believe she said -- she told someone that she hasn't driven a car in nearly two decades, almost 20 years. Your thoughts on a potential president or at least someone who wants to be president who hasn't gotten behind the wheel of a car in 20 years?

    PAUL: You know, I think you're going to have a little bit of trouble relating to America's middle class if you have been riding around in a limousine for 20 years.

    So when I hop in my GMC truck and ride to the grocery store and buy my own groceries or scan them myself, I think there's a little more connection with everyday America than someone riding around in a limousine.

    BOLLING: OK.