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Such an increase would force giant reductions, about 40%, in everything that's left. and katty kay, with libya on the front pages and sort of this growing scandal over security there, with syria in complete chaos, while we all know the defense budget needs to be cut over the next decade, it's going to be hard for the president to press that case, isn't it? >> well, yeah, except that the question is not how much money you're spending but how sbelg intelligently you're spending it. as libya has shown and joe biden tried to make the case during the course of the last debate, republicans had actua...

Vice president's debate performance in a new ad. they're using it to make a point on spending and the economy. take a look. >> we can't keep spending and borrowing like this. we can't keep spending money we don't have. did they come in and inherit a tough situation? absolutely. but we're going in the wrong direction. look at where we are. the economy is barely limping along. don't raise taxes on small businesses because they're our job creators. leaders run to problems to fix problems. mitt romney is uniquely qualified to fix these problems. >> i'm mitt romney, and i approved this message. >> ...

We're looking at, in some of these polls like "the washington post" poll, you're seeing the president over 50% for the first time in several years. that's obviously something that's got to bring relief to the obama white house. >> it does, but he's not at 52% or 53%. i think that if you just looked at the polls and you looked at the totality of the national and battleground states, the president still appears to have an edge, but he's not put the race away. and i think the reason why the debate is so big is because governor romney is moving towards, as i said earlier, being an acceptable choic...

From my experience, unprecedented performance in a vice-presidential debate by one of participant it's. >> chris, you know what -- let me interrupt you real quick. what was amazing was some of the topics were, when he was laughing and smirking, one of them, i noticed was the iran, when paul ryan was talking about iran. listen, tai may disagree about how long it takes iran to get a nuclear weapon or how much of a threat iran is, but clearly, iran is a threat, eventually. and the laughing in the smiling, in would think, perhaps, that would be misplaced at that point. it's interesting. there are ...

From my experience, unprecedented performance in a vice-presidential debate by one of participant it's. >> chris, you know what -- let me interrupt you real quick. what was amazing was some of the topics were, when he was laughing and smirking, one of them, i noticed was the iran, when paul ryan was talking about iran. listen, tai may disagree about how long it takes iran to get a nuclear weapon or how much of a threat iran is, but clearly, iran is a threat, eventually. and the laughing in the smiling, in would think, perhaps, that would be misplaced at that point. it's interesting. there are ...