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U.S. President Barack Obama (R) speaks as Republican presidential nominee Mitt Romney (L) listens during the second U.S. presidential debate in Hempstead, New York, October 16, 2012.
U.S. President Barack Obama (R) speaks as Republican presidential nominee Mitt Romney (L) listens during the second U.S. presidential debate in Hempstead, New York, October 16, 2012.

Live Blog: The Second U.S. Presidential Debate

21:38 16.10.2012
21:38 16.10.2012
21:38 16.10.2012

21:37 16.10.2012
Obama says lowering tax rates for everybody across the board, along with what Romney wants to do in eliminating estate tax, along with changes in corporate tax code would cost the nation $5 trillion.
Obama says the nation has not heard from the governor any specifics beyond "Big Bird and eliminating funding for Planned Parenthood" as to how the nation will pay for his plan.
Obama charges that Romney's plan would either blow up the deficit or make Americans pay for it.
Crowley asks Romney if somehow the numbers don't add up, if somehow there isn't enough tax revenue coming in, would he be willing to look again at the rates.
Romney answers back by saying "Of course they add up." He says he knows what it takes to balance a budget after running a business, after his experience with the Olympics.

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