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Biden, Ryan spar on stimulus

Joe Biden and Paul Ryan just had a lengthy back-and-forth about the 2009 stimulus package.

"The idea that we could borrow $831 billion, spend it on these all special interest groups and that it would work out ust fine. That unemployment would not get above 8 percent - it went above 8 percent for 43 months. They said that right now if we just pass the stimulus, the economy will grow at 4 percent. It's growing at 1.3 percent," Ryan said.

He also hit Biden on cronyism, saying he oversaw the allocation of stimulus funds to campaign contributors.

"The vice president was in charge of overseeing this -- $90 billion in green pork to campaign contributors and special interest groups," he said.

Biden hit back, saying Ryan's assertions on cronyism were wrong -- and that Ryan himself requested stimulus funds for his

"His colleague runs an investigative committee spends ... months and months and months, and they found no evidence of cronyism," Biden said. "And I love my friend here! I'm not allowed to show letters, but go on our website, he sent me two letters saying, 'By the way, can you send me some stimulus money for companies here in the state of Wisconsin?'"

"On two occasions we advocated for constituents who were applying for grants," Ryan said, when moderator Martha Raddatz asked him to confirm he had asked for stimulus funds. "That's what we do."

"I love that," Biden said. "This is such a bad program and he writes me a letter saying, writes the dept of energy saying, the reasn we need this stimulus is it will create growth and jobs. He said that."

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