Paul Ryan has been chosen as Mitt Romney’s running mate in the upcoming US elections. After his nomination he updated his new Twitter account @PaulRyanVp with the following: “I’m honored to join @MittRomney on America’s Comeback Team. http://mi.tt/Romney-Ryan  #RomneyRyan2012.”

Paul Ryan was born in the community of Janesville, Wisconsin. He is a graduate of Joseph A. Craig High School from his home town and earned a degree in economics and political science from Miami University in Ohio.

Ryan has served in Wisconsin’s first congressional district since 1999, but as of August 11, Ryan became the Vice President hopeful in Romney’s campaign.

As the Chairman of the House Budget Committee he gained notoriety by working to bring fiscal deficit and accountability to the government. He is seen as a “fiscal hawk,” representing what some believe Obama is not. He has criticized the exaggerated government spendings of the past years. He proposed a new plan that would eliminate medicare. He plans to change it from an insurance program to one where seniors get government subsidy to buy their own private insurance. Ryan’s ideas are clear: small government and low taxes.

In Ryan’s first speech he first thanked Romney for the opportunity of being his running mate and said that the former government is the leader the country needs during these difficult times. Ryan also introduced his family to the crowd, his wife, his daughter and his two sons.

Paul Ryan is only 42 years old. In his speech he said he is committed to putt his Congress ideas and experience into Romney’s administration. He declared that Romney is the one that would put America back into the prosperity road. Ryan connected easily with the crowd with simple words and stories, for example he told a story about his dad who died when he was young. He told that his dad always said: “Son, you are either part of the problem or part of the solution.” He added that Barack Obama has become part of the problem and Romney is the solution.

The Republican nominee also admitted that Obama did not inherit a good economic situation, but he explained that during the first two years in which the Democrat’s where in control of Congress and in which Obama was able to pass nearly “every item in his agenda, but that didn’t make things better.” Ryan criticized Obama’s economic management, saying that his has been “the worst economic recovery in 70 years, unemployment has been above 8% for more than three years, the longest run since the Great Depression.”

Ryan also said that the U.S. has now the biggest deficit and the largest government since WWII, and said that Obama’s government has a record of failure. He also criticized Obama for not being willing to make difficult decisions to fix the country because he is only thinking about the next election.

Ryan also made a declaration that pleased the conservatives. He said that our “rights come from nature and God, not from government.” He added that “this idea was founded on the principles of liberty, freedom, free enterprise, self-determination and government by consent of the governed.” Paul Ryan said that this idea is now under assault, freedom and security are being threatened and Ryan promised that if they were elected they “won’t replace the founding principles, they would reapply them.”

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Count Paul Ryan out of the presidential race, this time. Rep. Ryan (R-WI) has been floated as a possible presidential contender in an already overcrowded and strange field. But, the congressman says it isn’t happening.

Ryan issued a statement on Monday stating he appreciates supporters urging him to seek the 2012 nomination, but he hasn’t changed his mind about staying out of the race. Ryan is perhaps best known for his budget plan that would slash federal spending on various programs, including Medicare.

Ryan chairs the House Budget Committee. In his statement, he says he hopes the GOP will nominate a candidate committed to an agenda that “restores the promise and prosperity of our exceptional nation.”

Although it still appears that the GOP is searching for the one favorite candidate that could be the “savior.” Many thought Texas Governor Rick Perry would be that candidate but his new campaign has already run into a series of problems. Rumors last week surfaced stating that New Jersey governor Chris Christie would jump into the fold, but Christie’s camp has denied any plants to enter the race.

Meanwhile Rep. Ryan is trying to create more tax loopholes for his largest donors. For months, Ryan has argued that closing tax loopholes would help to pay for his proposed tax cuts in his budget plan.

“We’re talking about keeping revenues where they are, but having a better tax system to collect those revenues with an eye on economic growth and job creation,” he said during an April interview on National Public Radio’s “All Things Considered.”

He added, “You have to remember, the people in the top tax brackets are the ones who enjoy most of the loopholes and deductions.”

But, his record reflects a different attitude in general. Since Ryan was elected to Congress in 1998, he has tried to create an array of special loopholes specific for his top contributors. For example, S.C. Johnson & Son is one of Ryan’s biggest donors.

Ryan introduced two bills in May 2005 that would have granted the company special exemptions from tariffs. Specifically, his bills sought to suspend duties for imported components of “unique air freshener products … assembled by S.C. Johnson in the United States,” Ryan said during floor remarks at the time. Neither bill advanced.

A year later, Ryan put forward another bill to reduce the duty on S.C. Johnson cleaning appliances “capable of dispensing cleaning solution into a tub or shower enclosure using a button-activated, battery-powered piston pump controlled by a microchip.” That bill didn’t move.

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