The Huffington Post anticipates Rand Paul will soon officially announce his bid for the Kentucky Senate seat currently held by retiring Republican Jim Bunning. The Washington Post‘s Chris Cillizza had pegged Bunning’s as the Senate seat second most likely to change parties in 2010, owing to the incumbent’s bizarre behavior. Even with Bunning gone, Cillizza lists Kentucky as one of the hottest races for the upcoming cycle, “Because Secretary of State Trey Grayson (R) is entirely unproven on the big stage –not to mention the fact that he could have a primary challenge from, among others, Rand Paul, the son of Texas Rep. Ron Paul (R).”

And the one Senate race Cillizza ranked ahead of Kentucky’s, before Bunning dropped out? It’s the one for Chris Dodd’s Connecticut seat, which another Ron Paul revolutionary, Peter Schiff, is sizing up. Today brought more bad news for Dodd, with the Associated Press reporting that Dodd had been warned his special arrangement with Countrywide Financial Corp. was a sweetheart deal. A very interesting race is shaping up in the Nutmeg State.

Addendum: Don’t miss Rand Paul’s recent article for TAC, “The Public Trough.”