NORFOLK, Va. -– Mitt Romney will announce Rep. Paul Ryan (R-Wis.) as his running mate on Saturday, according to two sources with knowledge of the decision.
In a press release issued Saturday morning, the Romney campaign confirmed the decision, calling the duo "America's Comeback Team."
Ryan is a bold pick who will energize the Republican Party, but putting him on the ticket is fraught with risk and instantly puts Ryan's budget plan front and center in the 2012 campaign.
Romney will announce his choice in Norfolk on Saturday morning at the beginning of a four-day bus tour through key battleground states, the campaign said Friday night. The Weekly Standard reported earlier Friday that Wisconsin Gov. Scott Walker has been asked to be ready to make the case for Ryan beginning Saturday.
Romney's alliance with the 42-year old Ryan has become the most dramatic development of the 2012 presidential campaign. Romney had been presumed for much of the last few months to be set on a safe pick, such as Sen. Rob Portman (R-Ohio), or former Minnesota Gov. Tim Pawlenty.
But now, Romney, who is 23 years older than Ryan, will signal that he is willing to roll the dice. President Barack Obama's reelection campaign and Democratic political groups have been eager for Romney to pick Ryan, the architect of plans to slash government spending and overhaul entitlement programs that Democrats believe are political losers.
Both liberals and conservatives will be thrilled with Romney's choice.
Conservatives believe Ryan is one of the brightest, best young faces and minds who can cheerfully articulate a case for limited government while simultaneously arguing that a less expansive bureaucracy and a revamped entitlement system is the best way to preserve government aid and benefits for the poor, indigent and elderly.
Ryan's budget and his proposed changes to programs like Medicare will now be central issues that drive the presidential campaign for the remaining three months. It is one way for Romney to turn a campaign that has turned ugly and personal, often to his detriment, into a heated debate over policy.
The battle to define Ryan and his reform plan will set off a messaging war between Democrats and Republicans, the likes of which has rarely been seen.
If Romney were to win with Ryan on the ticket, he would have a mandate to make sweeping changes not only to the size of government, but to programs like Medicare and Medicaid that are products of former President Lyndon Johnson's Great Society program.
For conservatives, putting Ryan front and center will satisfy their desire to have a full-throated debate about the entire spectrum of issues that they feel are most pressing: the size of the federal government, the government's role in people's lives, the impact of the national debt on the middle class, and how to maintain a social safety net without creating a "culture of dependency" in which too many citizens receive government benefits.
For liberals, Ryan represents a chance to not just defeat Romney, but an opportunity to discredit, on the biggest stage in politics, the most wide-ranging expression of conservatives' governing principles put forward in recent political memory. Liberals will say that Romney and Ryan want to cut government spending in a way that will hurt the economic recovery and cut assistance to those who need it. Obama himself has already attacked Romney for wanting to "turn Medicare into a voucher program," a reference to Ryan's original proposal for Medicare.
With A Little Help From My Friends (Joe Cocker)
<strong><a href="http://www.huffingtonpost.com/2012/05/28/mitt-romney-will-not-repu_n_1551540.html" target="_hplink">(May 28, 2012) --</a></strong> Despite a resurgence of <a href="http://www.thedailybeast.com/articles/2012/05/25/mitt-romney-s-new-bff-donald-trump.html" target="_hplink">Donald Trump's birther claims</a>, Romney refused to repudiate the billionaire, who has been helping with his 2012 campaign efforts. "You know, I don't agree with all the people who support me ... I need to get 50.1 percent or more and I'm appreciative to have the help of a lot of good people," Romney said. (Photo by Ethan Miller/Getty Images)
Who Let The Dogs Out (Baha Men)
<strong><a href="http://www.huffingtonpost.com/2012/04/16/mitt-romney-seamus_n_1429925.html" target="_hplink">(April 16, 2012) -- </a></strong> In an interview with ABC's Diane Sawyer, Romney discussed the political fallout over strapping his dog Seamus to a car roof. He admits that he probably would not do it again. (Handout)
It's The End Of The World As We Know It (R.E.M.)
<strong><a href="http://www.huffingtonpost.com/2012/04/04/mitt-romney-medicare-president-obama_n_1403267.html" target="_hplink">WASHINGTON, D.C. (April 4, 2012) --</a></strong> Speaking before the Newspaper Association of America, Romney attacked Barack Obama on his health record, claiming the president "has taken a series of steps that end Medicare as we know it." (Photo: Jim Watson/AFP/Getty Images)
For The Love Of Money (The O'Jays)
<a href="http://www.huffingtonpost.com/2012/03/14/mitt-romney-i-made-a-lot-of-money_n_1345516.html" target="_hplink"><strong>NEW YORK, N.Y. (March 14, 2012) -- </strong></a> Romney became testy on Fox News while discussing his appeal to lower-income voters. On the same day, Occupy Wall Street protesters staged a demonstration outside Mitt's Waldorf Astoria hotel fundraiser. (Photo: Emmanuel Dunand/AFP/Getty Images)
People Are Strange (The Doors)
<strong><a href="http://www.huffingtonpost.com/2012/03/09/mitt-romney-south_n_1334478.html" target="_hplink">PASCAGOULA, Miss. (March 9, 2012) --</a></strong> While on the trail in Alabama and Mississippi, Romney got in touch with his Southern side, learning how to say "y'all" and liking his grits. With those new experiences in hand, he admitted that "strange things are happening to me." (Photo: AP/Evan Vucci)
Pink Cadillac (Bruce Springsteen)
<a href="http://www.huffingtonpost.com/2012/02/24/mitt-romney-cadillac_n_1299740.html" target="_hplink"><strong>DETROIT, Mich. (Feb. 24, 2012) -- </strong></a> While speaking before the Detroit Economic Club at Ford Field, Romney listed not two, not three, but four American-made cars that he and his wife, Ann, owned. Among the vehicles: "a couple of Cadillacs." (Photo: Scott Olson/Getty Images)
It's The Hard-Knock Life (Annie & The Orphans)
<strong><a href="http://www.huffingtonpost.com/2012/02/01/mitt-romney-very-poor_n_1246557.html" target="_hplink">TAMPA, Fla. (Feb. 1, 2012) --</a></strong> In an interview with CNN, Romney noted that he is "not concerned about the very poor," citing the social safety net for that segment of the populace. (Photo: Ethan Miller/Getty Images)
America The Beautiful
<a href="http://www.huffingtonpost.com/2012/01/31/mitt-romney-america-the-beautiful-_n_1243908.html" target="_hplink"><strong>THE VILLAGES, Fla. (Jan. 31, 2012) --</strong></a> On the eve of Florida's primary, Romney led his supporters in a singing of the patriotic song. (Photo: Emmanuel Dunand/AFP/Getty Images)
Successful (Drake, Lil Wayne)
<a href="http://www.huffingtonpost.com/2012/01/19/mitt-romney-tax-returns_n_1217708.html" target="_hplink"> <strong>CHARLESTON, S.C. (Jan. 19, 2012) -- </strong></a> During CNN's GOP debate, Romney refused to commit to disclosing his tax returns, offering no apologies for his success. (Photo: Emmanuel Dunand/AFP/Getty Images)
Bye Bye Bye ('N Sync)
<a href="http://www.huffingtonpost.com/2012/01/09/mitt-romney-i-like-being-able-to-fire-people_n_1194115.html" target="_hplink"><strong>NASHUA, N.H. (Jan. 9, 2012) -- </strong></a> In a speech about insurance options, Romney tells audience members, "I like being able to fire people who provide services to me." (Photo:AP/Charles Dharapak)
Don't Know Why (Norah Jones)
<strong><a href="http://www.huffingtonpost.com/2011/10/28/mitt-romney-embraces-climate-change-denial_n_1063905.html" target="_hplink">PITTSBURGH, Pa. (Oct. 27, 2011) --</a></strong> Back in June 2011, Romney said humans are somewhat tied to climate change. By October, he had reversed course, saying "We don't know what causes climate change." (Photo: Jim Watson/AFP/Getty Images)