Analysis: A bold but risky choice for running mate

Washington (CNN) - Just a few minutes after 7 a.m. on Saturday, Mitt Romney took a step many political experts did not think he would - choosing a controversial and bold running mate and making one of the most important announcements of his campaign at a time many did not expect.

Rep. Paul Ryan admits that he is the poster child for controversial proposals to reform the nation's entitlement programs: For workers now under the age of 55, seniors would be given the option of choosing a private program instead of the traditional Medicare program and would receive money to offset the premium they have to pay. Federal spending for Medicaid would be sent to the states to manage, and the Social Security retirement age would gradually be raised to 70.

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