By John Whitesides and Andy Sullivan. DANVILLE, Ky., Oct 11- Vice President Joe Biden and rival Republican Paul Ryan clashed sharply over foreign policy in a high-stakes debate on Thursday, with Biden aggressively defending the Obama administration's policies and dismissing Ryan's criticism as "malarkey."
How do you do the math and have this increase in defense spending? Rep. Paul Ryan says if the cuts go through it will invite military weakness. Vice President counters the military is recommending a smaller, leaner military. "We don't want to lose the gains we've gotten in Afghanistan, says Rep. Ryan. "It is the responsibility of the Afghans to take care of their own military," counters Biden.
If elected, who will pay more in taxes and who will pay less? "The Bush tax cuts should expire," says Vice President Biden, adding the "middle class tax cut is being held hostage." Rep. Paul Ryan counters there are not enough rich people and small business to tax to pay for all their spending."
Medicare and Medicaid are going broke; how can the U.S. reform these programs? The best way to do it is to reform these programs for people in my generation, explains Rep. Paul Ryan. Vice President Biden says this administration has strived to protect and provide more benefits for seniors. "We will not privatize Social Security," added Biden.
Can you get unemployment to under six percent and how long will it take? President Biden says "the other side" has to level the playing field for the middle class and have the wealthy pay their fair share of taxes. "We are going in the wrong direction," counters Rep. Paul Ryan.
DANVILLE, Ky., Oct 11- Vice President Joe Biden and Republican challenger Paul Ryan argued over foreign policy at a high-stakes debate on Thursday, with Democrats counting on an aggressive performance from Biden to reclaim the momentum in the race for the White House.
How effective would a military strike on Iran be? Rep. Paul Ryan says we must not allow Iran to have nuclear weapons. Vice President Biden counters that the administration is very confident it could "deal a serious blow to the Iranians."
The question is asked if the Libya terrorist attack was a massive failure of security. Vice President Biden defends President Obama's foreign policy record. Rep. Paul Ryan responds we need to keep our country safe.
CNBC's Becky Quick and Carl Quintanilla, provide a preview of the vice presidential debate, with Jared Bernstein, former Chief Economist to V.P. Biden and Sara Fagen, Republican strategist. Also, CNBC's John Harwood and Larry Kudlow share some final thoughts on why the candidates need to get across a strong message.
CNBC's Scott Cohn explains how his team of fact checkers will analyze every word the candidates make in tonight's debate. Also, Steven Rattner, Willett Advisors chairman and Carly Fiorina, former HP chairman & CEO, discuss why the nation's current debt problems are not sustainable.
CNBC's John Harwood takes a look back at past vice presidential debates; and discussing what business wants to hear from the nominees tonight, especially on tax reform, with Paula Boggs, former Starbucks general counsel, and Doug Holtz-Eakin, American Action Forum president.
CNBC's Jim Cramer weighs in on energy stocks and what each candidate and each political party means for stocks in this sector.
David Stockman, OMB Director under President Reagan shares his views on why each candidate is "wrong" on the subject of the nation's budget, with CNBC's Larry Kudlow.
CNBC's John Harwood sets the scene for the vice presidential debate, and CNBC's Larry Kudlow, explains why the debate tonight is a game changer. Also, John Engler, President of the Business Roundtable, weighs in on the key issues facing the nation's economy.
The Democrats are putting huge pressure on Vice President Biden to deliver in tonight's VP debate. How can Joe Biden make the case to re-elect President Obama? Ari Melber, The Nation Magazine correspondent, and Phil Musser, Romney Surrogate, provide perspective.
CNBC's Larry Kudlow says he doesn't bet that Biden's debate performance tonight is going to be any different than President Obama's last week, and shares his advice for GOP VP Nominee Paul Ryan. John Heilemann, New York Magazine, and Illinois Republican Congressman Aaron Schock, share their opinions.
According to former Speaker Newt Gingrich, expect the Obama campaign to break down in the weeks ahead.
Checking on the stock market, and whether a Romney growth-revolution is in the making, with Jack Bouroudjian, Bull and Bear Partners CEO, who says "the markets are experiencing a suppressed valuation," and "the weakness in the last few days is nothing more than protection being bought into the unknown which is the election."
Larry Kudlow looks at the new polls which suggest five states have gone from leaning Obama to toss-up status. Is Mitt Romney closing the gap?
The task tonight for Paul Ryan tonight is to try to accelerate the momentum that Romney gained last week, reports CNBC's John Harwood; and what to expect in tonight's VP debates, with Dean Baker, Center for Economic and Policy Research, and Grover Norquist, Americans for Tax Reform.