My immediate reaction is that this is a 40-year old bike (more or less.) A lot of the french frames from that era (Pugeot, Gitane, Folis, etc.) used that double small gage tubing for the stiffeners. The handlebars and kickstand say that it isn't french, though.

It's probably a Schwinn - and probably not a Paramount (although, look at the bike at http://thedailyrandonneur.files.word...e4bc53be_b.jpg - it has that same parallel stiffener set-up and the top tube isn't straight and it says "Paramount" on the top tube.) I'd guess that it is some variant of a late-70's Town & Country.

Take a look at the Schwinn catalogues Schwinn Catalog Scans and maybe somebody here with a longer memory than mine will be able to point you closer to the right direction