This is an off the record. No leaks. All right? This is how we know we’re a real family here. - Paul Ryan

Mr. Chairman, delegates, and fellow citizens: I am honored by the support of this convention for vice president of the United States. I accept the duty to help lead our nation out of a jobs crisis and back to prosperity — and I know we can do this. I accept the calling of my generation to give our children the America that was given to us, with opportunity for the young and security for the old — and I know that we are ready. Our nominee is sure ready. His whole life has prepared him for this moment — to meet serious challenges in a serious way, without excuses and idle words. After four years of getting the run-around, America needs a turnaround, and the man for the job is Governor Mitt Romney.

But the reason I got involved in public service, by and large, if I had to credit one thinker, one person, it would be Ayn Rand. And the fight we are in here, make no mistake about it, is a fight of individualism versus collectivism.

I think Paul [Ryan], for example, the head of the Budget Committee, has looked at the budget and has made a serious proposal. I've read it. I can tell you what's in it. And there's some ideas in there that I would agree with but there's some ideas we should have a healthy debate about because I don't agree with them. The major driver of our long-term liabilities, everybody here knows, is Medicare and Medicaid and our healthcare spending. Nothing comes close. That's going to be what our children have to worry about. Now, Paul's approach, and I want to be careful not to simplify this, I know you've got a lot of detail in your plan, but, if I understand it correctly, would say, we're going to provide vouchers of some sort for current Medicare recipients at the current level. No?