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Republican presidential candidate, former Massachusetts Gov. Mitt Romney (R) and U.S. Rep. Paul Ryan (R-WI) wave as Ryan is announced as his vice presidential running mate in front of the USS Wisconsin August 11, 2012 in Norfolk, Virginia.
Republican presidential nominee Mitt Romney has chosen Wisconsin representative Paul Ryan as his running mate, arguably for his extensive background in fiscal policy. As chair of the House Budget Committee, Ryan proposed privatizing Social Security and is known for his ambitious budgets, first his Roadmap for America’s Future in 2008, and then in 2011 and 2012. At the same time, Romney seems to be distancing himself from the notorious Ryan Budget Plan. In a campaign stopover this weekend in North Carolina, Romney told reporters, "I have my budget plan and that's the budget plan we're going to run on." Patt talks with a fiscal expert and a political analyst about what to expect as the campaign solidifies its tax and budget platform.
So what parts of Ryan’s plan is Romney expected to adopt? Which parts is he trying to distance himself from?
Robert Bixby, executive director of The Concord Coalition, a nationwide, non-partisan, grassroots organization advocating responsible fiscal policy
Bill Schneider, resident fellow at Third Way, a think tank in Washington; former political analyst for CNN and the Los Angeles Times