Two leading national organizations for young Republicans praised presidential candidate Mitt Romney this morning for selecting Rep. Paul Ryan (R-Wisc.), 42, as his running mate.

The College Republican National Committee (CRNC) and the Young Republican National Federation (YRNF) both expressed approval of Romney's decision to pick a the relatively young House Budget Committee Chairman to serve as his Vice President should be he be elected President in November.

“Congressman Paul Ryan is one of the bravest and boldest figures in the Republican Party," said CRNC Chairman Alex Schriver in a press release just after the announcement. "College Republicans around the country are excited about Governor Romney's selection of a young, energetic running mate. He has a stake in our future the way you and I do."

Lisa Stickan, Chair of the Young Republicans, a national organization for Republicans under the age of 40, called Ryan a "proven reformer and leader who has courageously offered concrete proposals to turn our economy around" in a press release issued after Romney and Ryan's first appearance together as running mates this morning in Norfolk, Va.

At the rally Ryan said that it was he and Romney's "duty to save the American Dream for our children and [other Americans]. He also noted that the country is "running out of time, and we can't afford four more years of this."

Stickan pointed out that Ryan's young age helps him to understand "the generational challenges being faced by our country and has made choices to ensure that our generation and our children's generation have a future that is not buried in debt.

"This is in stark contrast to President Obama's record of failure, piling on more debt and more job and business killing regulations that ignore the challenges of our generation while undermining our own hope on our future," she said in the release.

"Governor Romney's selection of Paul Ryan shows vision and a seriousness about our future that the American people will recognize this fall," she added.