Full Text Campaign Buzz 2016 November 10, 2015: Fourth Republican Candidates Debate in Milwaukee, Wisconsin Transcript

ELECTION 2016

CAMPAIGN BUZZ 2016

Republican Candidates Debate in Milwaukee, Wisconsin
November 10, 2015

Source: UCSB, The American Presidency Project 

PARTICIPANTS:
Former Governor Jeb Bush (FL);
Ben Carson;
Senator Ted Cruz (TX);
Carly Fiorina;
Governor John Kasich (OH);
Senator Rand Paul (KY);
Senator Marco Rubio (FL);
Donald Trump;

MODERATORS:
Gerard Baker (The Wall Street Journal);
Maria Bartiromo (Fox Business Network); and
Neil Cavuto (Fox Business Network)

CAVUTO: It is 9:00 p.m. on the East Coast, 8:00 p.m. here inside the Milwaukee theater. Welcome to the Republican presidential debate here on the Fox Business Network. I’m Neil Cavuto, alongside my co-moderators, Maria Bartiromo, and the editor-in-chief of the Wall Street Journal, Gerard Baker.

BARTIROMO: Tonight we’re partnering with the Wall Street Journal to ask questions on the economy that voters want answered. We’re also working with Facebook, who tells us that since the first Republican debate, more than 58 million people have joined the political conversation online.

More than 9 million are talking specifically about the economy.

BAKER: The candidates on stage tonight were selected based on their standing in an average of four national polls. Those standings determining their position on the stage. And here they are. At center stage, businessman Donald Trump. [applause]

Neurosurgeon Dr. Ben Carson. [applause]

CAVUTO: Florida Senator Marco Rubio. [applause]

Texas Senator Ted Cruz. [applause]

Former Florida Governor Jeb Bush. [applause]

BARTIROMO: Businesswoman Carly Fiorina. [applause]

Ohio Governor John Kasich. [applause]

And Kentucky Senator Rand Paul. [applause]

BAKER: Tonight’s rules are simple. Up to 90 second for each answer. One minute for each follow-up response. And if a candidate goes over their allotted time, you’ll here this.

CAVUTO: It sounds like a game show but it’s not.

Now I would be remiss if I did not acknowledge the elephant in the room, and I’m not talking about your party’s fine symbol. I’m talking about the purpose of tonight’s debate.

The economy and what each of you would do to improve it. No more, no less. We are focused on those issues, and what you have said on those issues in your words and what your opponents have said in their words about your words. That is the agenda tonight. How each of you plans to make America better tomorrow. And so we begin. Candidates, as we gather tonight in this very august theater, just outside and across the country, picketers are gathering as well. They’re demanding an immediate hike in the minimum wage to $15 an hour. Just a few hours ago, near Governor Andrew Cuomo proposed doing the same for all state workers, the first governor to do so.

Mr. Trump, as the leading presidential candidate on this stage and one whose tax plan exempts couples making up to $50,000 a year from paying any federal income taxes at all, are you sympathetic to the protesters cause since a $15 wage works out to about $31,000 a year?

TRUMP: I can’t be Neil. And the and the reason I can’t be is that we are a country that is being beaten on every front economically, militarily. There is nothing that we do now to win. We don’t win anymore. Our taxes are too high. I’ve come up with a tax plan that many, many people like very much. It’s going to be a tremendous plan. I think it’ll make our country and our economy very dynamic.

But, taxes too high, wages too high, we’re not going to be able to compete against the world. I hate to say it, but we have to leave it the way it is. People have to go out, they have to work really hard and have to get into that upper stratum. But we can not do this if we are going to compete with the rest of the world. We just can’t do it.

CAVUTO: So do not raise the minimum wage?

TRUMP: I would not do it. [applause]

CAVUTO: Dr. Carson, you have long bemoaned this lackluster recovery. And this Facebook map show Americans share your concern. The green represents how the jobs issue is resonating all across the nation, especially here in the state of Wisconsin.

You suggested one minimum wage does not fit all, and that perhaps we should offer a lower or starter wage for young people. Those protesters outside are looking for $15 and nothing less. Where are you?

CARSON: Well, first of all, delighted to be here. My family’s here, and my little granddaughter, who’s three years old, said she wanted to come to the debate. So this is very cool.

As far as the minimum wage is concerned, people need to be educated on the minimum wage. Every time we raise the minimum wage, the number of jobless people increases.

It’s particularly a problem in the black community. Only 19.8 percent of black teenagers have a job, who are looking for one. You know, that — and that’s because of those high wages. If you lower those wages, that comes down.

You know, I can remember, as a youngster — you know, my first job working in a laboratory as a lab assistant, and multiple other jobs. But I would not have gotten those jobs if someone had to pay me a large amount of money.

But what I did gain from those jobs is a tremendous amount of experience, and how to operate in the world and how to relate to different people, and how to become a responsible individual. And that’s what gave me what I needed to ascend the ladder of opportunity in this country.

That’s what we need to be thinking about. How do we allow people to ascend the ladder of opportunity, rather than how do we give them everything and keep them dependent? [applause]

CAVUTO: So, sir, just to be clear, you would not raise it?

CARSON: I would not raise it. I would not raise it, specifically because I’m interested in making sure that people are able to enter the job market and take advantage of opportunities. [applause]

CAVUTO: Senator Rubio, you called the recent Democratic debate in Las Vegas a night of giveaways, including free health care, free college and a host of other government-paid benefits. Since you aren’t a fan of all they’re giving away, tell us tonight what you would take back.

RUBIO: Well, let me begin by answering both the first question and this one, because they’re related. As I’ve said many times before, my parents were never rich people. My father was a bartender. My mother was a maid. They worked for a living. But they were successful people, because, despite the fact that they weren’t well educated and had those jobs, they made enough money to buy a home in a safe and stable neighborhood, retire with dignity, leave all four of their children better off than themselves.

We call that the American dream, but in fact, it’s a universal dream of a better life that people have all over the world. It is a reminder that every country in the world has rich people.

What makes America special is that we have millions and millions of people that are not rich, that through hard work and perseverance are able to be successful.

The problem is that today people are not successful working as hard as ever because the economy is not providing jobs that pay enough. If I thought that raising the minimum wage was the best way to help people increase their pay, I would be all for it, but it isn’t. In the 20th century, it’s a disaster.

If you raise the minimum wage, you’re going to make people more expensive than a machine. And that means all this automation that’s replacing jobs and people right now is only going to be accelerated.

Here’s the best way to raise wages. Make America the best place in the world to start a business or expand an existing business, tax reform and regulatory reform, bring our debt under control, fully utilize our energy resources so we can reinvigorate manufacturing, repeal and replace Obamacare, and make higher education faster and easier to access, especially vocational training. For the life of me, I don’t know why we have stigmatized vocational education. Welders make more money than philosophers. We need more welders and less philosophers. [applause]

If we do that — and if we do this — if we do this, we will be able to increase wages for millions of Americans and we will be able to leave everyone better off without making anyone worse off.

CAVUTO: Thank you, Senator Rubio. [applause]

BARTIROMO: We’ve asked people on Facebook to submit their questions for the candidates. Seth Bell wrote, “We are approaching $20 trillion in national debt. Specifically, what plans do you have to cut federal spending?” Governor Kasich, you have spoken much about your success in balancing the budget under President Clinton. Today the national debt is at record highs and growing unsustainably. Interest will be the fastest-growing part of the federal budget, tripling over the next 10 years. Social Security, the lifeline of millions of American seniors, is rushing toward insolvency. With all of the tax plans presented tonight, estimated to cost anywhere between $2 trillion and $12 trillion over a decade, what specific steps will you take to balance the budget?

KASICH: First of all, let me just say that, in the state of Ohio — and I’m the only acting executive on — on this stage today — we do have a moderate increase in the minimum wage. And I got to tell you, my father carried mail on his back. His father was a coal miner. He died of black lung. He was losing his eyesight. My mother’s mother lived with us. She could barely speak English. I come from a town where if the wind blew the wrong way, people found themselves out of work. An economic theory is fine, but you know what? People need help.

Now, I have a plan that, in fact, would cut taxes, but not $11 trillion or $12 trillion that would put my children further in debt. I have a plan that would not only cut taxes, lower the income tax rate for individuals, lower the tax for businesses so businesses will compete here and not move operations overseas, and also a plan — the only plan of anybody standing on this stage to get us to a balanced budget by the end of a second term.

And, you know, the simple fact of the matter is, we hear a lot of promises in this debate, a lot of promises about these tax cuts or tax schemes sometimes that I call them. Hillary and the Democrats promise everything on the spending side. We’ve got to be responsible about what we propose on the tax side.

Yes, lower taxes, lower spending. My website, JohnKasich.com, will show you exactly how we balance the budget. I balanced the budget in Washington as a chief architect, and I have balanced it in Ohio for one reason. When you balance the budget and you cut taxes, people get work.

And our most important moral purpose as leaders in the political system is to make sure we create an environment for job creation so people can live their dreams and realize their God-given potential. That’s why it’s so important.

And for those at the bottom, we’ve got to do what we can to train them so they can move up. But to just look the other way is not acceptable, because, you know what, as the governor of Ohio I have to deal with real challenges, and we’ve gotten it done in our state, and I will do it for America. [applause]

BARTIROMO: Did you want to name any specific steps, sir?

KASICH: Sure. We would move the Medicare system from a 7 percent growth down to about a 5 percent growth. And I have a whole series of ways to do that. In Ohio, we reduced Medicaid funding for the poor from 10 percent to 2.5 percent, didn’t cut one benefit or didn’t take anybody off the rolls. Why? Because we’re innovators. I’ve been an innovator my entire career. And I really don’t care what special interests or lobbyists have to say. I have a job to do when I take over a public office. Now, we freeze non-defense discretionary for eight years. We also put an increase in defense spending. Our tax cuts balance out. And at the end of the day, we will get to a balanced budget.

And I want everybody here to know, when I was Budget Committee chairman in Washington, I stepped on every toe in that town, and we got to a balanced budget, and we had enormous job growth. And as governor of Ohio, we went from 350,000 lost jobs to a gain of 347,000 jobs.

BARTIROMO: Thank you, sir.

KASICH: I’ll do it in Washington. I’ve done it twice; I’ll do it thrice for the United States of America.

BARTIROMO: Senator Cruz, the International Monetary Fund recently cut its expectations for economic growth. Many economists expect a recession to hit the U.S. within the next year due to the weakening of manufacturing. The next president will have to deal with it. You say tax reform is a powerful lever to spur economic expansion. You’re calling for a 10 percent income tax and a 16 percent business tax. What other elements do you need in this plan to actually create jobs?

CRUZ: Well, Maria, it’s great to be with you. It’s great to be here in Milwaukee. You know, the question you asked really I think is the most important question any of us can have — face, which is, how do we get the economy growing? How do we bring back economic growth?

Because economic growth, it’s foundational to every other challenge we have. As you rightly noted, from 2008 to today, our economy has grown 1.2 percent a year on average. The Obama economy is a disaster, and the IMF is telling us this is a new normal. It doesn’t have to be.

If you look at the history of America, there are three levers that government has had to facilitate economic growth. The first is tax reform. And as you noted, I have rolled out a bold and simple flat tax: 10 percent for every American that would produce booming growth and 4.9 million new jobs within a decade.

The second element is regulatory reform, pulling back the armies of regulators that have descended like locusts on small businesses.

And the third element is sound money. Every time we’ve pursued all three of those — whether in the 1920s with Calvin Coolidge or the 1960s with JFK or the 1980s with Ronald Reagan — the result has been incredible economic growth. We have done it before, and with leadership, we can do it again. [applause]

BARTIROMO: Thank you, sir.

KASICH: Excuse me.

BARTIROMO: Governor Bush…

KASICH: Yeah, I would like to make a comment.

BUSH: You’ve already made two comments, John. It’s my turn.

BARTIROMO: We have more questions for you, Governor Kasich, coming up. We have more questions for you, Governor Kasich.

BUSH: I got about four minutes in the last debate. I’m going to get my question right now.

KASICH: I appreciate it, Jeb. I’m all of you. But I want at some point to talk about a value-added tax and $11 trillion, $12 trillion tax cuts that will put our kids way deeper in the hole than they have been at this point. So I would like to talk about it at some point, because that’s what leadership is.

BARTIROMO: We will — we will certainly get to that. Governor Bush?

BUSH: Yes.

BARTIROMO: Almost 40 percent of Americans are without a job and are not looking. Many have given up. That’s what the participation rate tells us. You’ve said your policies will drive the economy back to 4 percent growth, which we haven’t seen since the year 2000. What specific regulations would you change? And how will that lead to jobs and growth?

BUSH: First of all, we could get to 4 percent growth. The new normal of 2 percent puts huge demands on government. The reason why we have structural deficits is that more and more people are relying on government and the growth that we don’t have makes — makes the deficit grow.

A 4 percent growth strategy starts with tax reform. And the proposal that I’ve laid out is the one the Wall Street Journal editorial board has said is the most pro-growth of all the proposals out there. We cut the — we eliminate a lot of deductions and cut the rates down. A corporate rate of 20 percent, which puts us 5 percent above — below that of China, and allows us full expensing of investing. It would create an explosion of investment back into this country, creating higher-wage jobs, and so that’s part of it.

On the regulatory side I think we need to repeal every rule that Barack Obama has in terms of work in progress, every one of them. [applause]

And start over. For those that are already in existence, the regulation of the Internet, we have to start over, but we ought to do that.

The clean power act, we ought to repeal that and — and start over on that. The waters of the United States act, which is going to be devastating for agriculture and many industries, we should repeal that. We should repeal the rules because the economic costs of this far exceed the social benefit.

And if we’re serious about being serious about high growth, then we have to recognize that small businesses right now, more of them are closing than — than are — than are being set up.

Hillary Clinton has said that Barack Obama’s policies get an A. Really? One in 10 people right now aren’t working or have given up altogether, as you said. That’s not an A. One in seven people are living in poverty. That’s not an A. One in five children are on food stamps. That is not an A. It may be the best that Hillary Clinton can do, but it’s not the best America can do. [applause]

BARTIROMO: Thank you, sir.

BAKER: Ms. Fiorina, while you’ve all pointed out how weak the current recovery has been and how disappointing by any historical standards, in the general election, the Democrats will inevitably ask you and voters to compare the recent president’s jobs performance.

Now, in seven years under President Obama, the U.S. has added an average of 107,000 jobs a month. Under President Clinton, the economy added about 240,000 jobs a month. Under George W. Bush, it was only 13,000 a month. If you win the nomination, you’ll probably be facing a Democrat named Clinton. How are you going to respond to the claim that Democratic presidents are better at creating jobs than Republicans?

FIORINA: Well, first of all, I must say as I think about that question, I think about a woman I met the other day. I would guess she was 40 years old. She had several children. And she said to me, you know, Carly, I go to bed every night afraid for my children’s future. And that really struck me. This is America. A mother is going to bed afraid for her children’s future.

And the reason she’s afraid for her children’s future is because we’ve had problems for a long time. Yes, problems have gotten much worse under Democrats. But the truth is, this government has been growing bigger and bigger, more corrupt, less effective, crushing the engine of economic growth for a very long time. This isn’t about just replacing a Democrat with a Republican now. It’s about actually challenging the status quo of big government.

Big government has created a big business called politics. And there are lots of people invested in the status quo of that big business called politics. Specifically, we need actually to do five things to really get this economy going again. We need to go to zero-based budgeting so we know where every dollar is being spent, we can challenge any dollar, cut any dollar, move any dollar. [applause]

We need to actually reform the tax code. Go to a three-page tax code. Yes, there are plans that would reform our tax code to three pages. In addition to rolling back what President Obama has done, we need to do a top-to-bottom review of every single regulation on the books. That hasn’t been done in 50 years. We need to pass the REINS Act so Congress is in charge of regulation, not nameless, faceless bureaucrats accountable to no one. We’ve become a nation of rules, not a nation of laws.

And finally we actually, yes, have to hold government officials accountable for their performance. All this has to be done, and the citizens of this nation must help a President Fiorina get it done. We must take our government back. [applause]

BAKER: Thank you. Thank you. Senator Paul, income inequality has been rising in the United States. Fifty years ago, for example, the average CEO of a big corporation in this country earned 20 times the average salary of one of his or her workers. Today, that CEO earns about 300 times the average salary of a worker. Does it matter at all that the gap between the rich and everyone else is widening?

PAUL: Absolutely. And I think that we ought to look where income inequality seems to be the worst. It seems to be worst in cities run by Democrats, governors of… [applause]

States run by Democrats and countries currently run by Democrats. So the thing is, let’s look for root causes.

But I would also say — lay some blame at the — the feet of the Federal Reserve. I think the Federal Reserve has made this problem worse. By artificially keeping interest rates below the market rate, average ordinary citizens have a tough time earning interest, have a tough time making money. They’re actually talking now about negative interest.

The money as it’s created through quantitative easing or other means tends to start out in the big banks in New York. And because we’re now paying interest for them to keep the money there, much of that money has not filtered out into the economy. So what we’re finding is there is increasing income disparity and income inequality.

We also find that as the Federal Reserve destroys the value of the currency, what you’re finding is that, if you’re poor, if you make $20,000 a year and you have three or four kids, and you’re trying to get by, as your prices rise or as the value of the dollar shrinks, these are the people that are hurt the worst.

So really we need to reexamine whether we not — we want a Federal Reserve that’s involved so much in determining interest rates. We also need to look at root causes as to what caused the housing boom and the housing collapse.

But the bottom line is, if you want less income inequality, move to a city with a Republican mayor or a state with a Republican governor. [applause]

BAKER: Thank you, Senator.

CAVUTO: All right. We’re only just getting started. Coming up, your taxes. Stick around. You’re watching FOX Business

[commercial break]

CAVUTO: Welcome back to the Milwaukee Theater and the Republican presidential debate. Let’s get right back to our questions.

Dr. Carson, to you. You recently railed against the double- standard in the media, sir, that seems obsessed with inconsistencies and potential exaggerations in your life story, but looked the other way when it came to then-Senator Barack Obama’s. Still, as a candidate whose brand has always been trust, are you worried your campaign — which you’ve always said, sir, is bigger than you — is now being hurt by you?

CARSON: Well, first of all, thank you not asking me what I said in the 10th grade. I appreciate that. [laughter and applause]

CAVUTO: I’ll just forget that follow-up there. [laughter]

CARSON: The fact of the matter is, you know, what — we should vet all candidates.

I have no problem with being vetted. What I do have a problem with is being lied about and then putting that out there as truth. [applause]

And I don’t even mind that so much, if they do it about — with everybody, like people on the other side. But, you know, when I look at somebody like Hillary Clinton, who sits there and tells her daughter and a government official that no, this was a terrorist attack, and then tells everybody else that it was a video.

Where I came from, they call that a lie. And…[cheering and applause]

I think that’s very different from, you know, somebody misinterpreting, when I said that I was offered a scholarship to West Point, that is the words that they used. But, I’ve had many people come and say the same thing to me.

That is what people do in those situations. We have to start treating people the same, and finding out what people really think and what they’re made of. People who know me know that I’m an honest person. [applause]

CAVUTO: Thank you, Dr. Carson.

BARTIROMO: Mr. Trump, a federal appeals court just dealt a blow to the Obama administration’s plan to prevent the deportation of 5 million people living in this country illegally. The White House is appealing to the Supreme Court.

At the heart of this issue is the effect that illegal immigrants are having on our economy, what will you do about it?

TRUMP: I was so happy yesterday when I saw that decision come down. That was an unbelievable decision. [applause]

And we don’t have enough of those decisions coming down. He of the executive order, because nobody wants to listen to him, including the Democrats, so he just goes around signing executive orders. That was a great day. And, frankly, we have to stop illegal immigration. It’s hurting us economically. It’s hurting us from every standpoint. It’s causing tremendous difficulty with respect to drugs and what that does to many of our inner cities in particular.

And it really is — was such an unbelievable moment because the courts have not been ruling in our favor. And it was a 2-1 decision. And it was a terrific thing that happened.

And I will tell you, we are a country of laws. We need borders. We will have a wall. The wall will be built. The wall will be successful. And if you think walls don’t work, all you have to do is ask Israel. The wall works, believe me. Properly done. Believe me. [cheering and applause]

BARTIROMO: Can we just send 5 million people back with no effect on economy?

TRUMP: You are going to have to bring people — you are going to have to send people out. Look, we’re a country…

BARTIROMO: So what will you do?

TRUMP: Maria, we’re a country of laws. We either have a country or we don’t have a country. We are a country of laws. Going to have to go out and they will come back but they are going to have to go out and hopefully they get back.

But we have no choice if we’re going to run our country properly and if we’re going to be a country. [cheering and applause]

BARTIROMO: Thank you, sir.

KASICH: Maria, can we comment on that?

BAKER: Senator Rubio…

KASICH: Can we comment on that?

BAKER: Yes, one quick comment, yes.

KASICH: Well, look, in 1986 Ronald Reagan basically said the people who were here, if they were law-abiding, could stay. But, what didn’t happen is we didn’t build the walls effectively and we didn’t control the border. We need to. We need to control our border just like people have to control who goes in and out of their house.

But if people think that we are going to ship 11 million people who are law-abiding, who are in this country, and somehow pick them up at their house and ship them out of Mexico — to Mexico, think about the families. Think about the children.

So, you know what the answer really is? If they have been law- abiding, they pay a penalty. They get to stay. We protect the wall. Anybody else comes over, they go back.

But for the 11 million people, come on, folks. We all know you can’t pick them up and ship them across, back across the border. It’s a silly argument. It is not an adult argument. It makes no sense. [applause]

TRUMP: All I can say is, you’re lucky in Ohio that you struck oil. That is for one thing. [laughter]

Let me just tell you that Dwight Eisenhower, good president, great president, people liked him. “I like Ike,” right? The expression. “I like Ike.” Moved a 1.5 million illegal immigrants out of this country, moved them just beyond the border. They came back.

Moved them again beyond the border, they came back. Didn’t like it. Moved them way south. They never came back. [laughter]

Dwight Eisenhower. You don’t get nicer. You don’t get friendlier. They moved a 1.5 million out. We have no choice. We have no choice.

[crosstalk]

BAKER: Governor Bush…

KASICH: Jerry, Gerald, it was an attack.

[crosstalk]

UNKNOWN: If you’re not going to have my back, I’m going to have my back.

UNKNOWN: A couple things here. First of all…

BAKER: Governor — Governor, you…You should let Jeb speak.

UNKNOWN: We have grown — we have grown…

TRUMP: No, it’s unfair.

[crosstalk]

KASICH: In the state of Ohio, the state of Ohio, we have grown 347,000 jobs. Our unemployment is half of what it was. Our fracking industry, energy industry may have contributed 20,000, but if Mr. Trump understood that the real jobs come in the downstream, not in the upstream, but in the downstream. And that’s where we’re going to get our jobs.

But Ohio is diversified. And little false little things, sir, they don’t really work when it comes to the truth. So the fact is, all I’m suggesting, we can’t ship 11 million people out of this country. Children would be terrified, and it will not work.

[crosstalk]

TRUMP: … built an unbelievable company worth billions and billions of dollars. I don’t have to hear from this man, believe me. I don’t have to hear from him.

BAKER: Mr. Trump, Mr. Trump, you yourself — you yourself said let Governor Bush speak. Governor Bush?

BUSH: Thank you, Donald, for allowing me to speak at the debate. That’s really nice of you. Really appreciate that. [applause]

What a generous man you are. Twelve million illegal immigrants, to send them back, 500,000 a month, is just not — not possible. And it’s not embracing American values. And it would tear communities apart. And it would send a signal that we’re not the kind of country that I know America is.

And even having this conversation sends a powerful signal — they’re doing high-fives in the Clinton campaign right now when they hear this. That’s the problem with this. We have to win the presidency. And the way you win the presidency is to have practical plans. Lay them out there. What we need to do is allow people to earn legal status where they pay a fine, where they work, where they don’t commit crimes, where they learn English, and over an extended period of time, they earn legal status. That’s the path — a proper path… [applause]

[crosstalk]

BAKER: Senator Rubio? Senator…

TRUMP: We have millions of people right now on line trying to come into this country. Very, very unfair to the people that want to come into our country legally. They’ve gone through the process. They’re on line. They’re waiting. Very, very unfair to them. That I can tell you. [applause]

BAKER: Senator Rubio, Senator Rubio, let me — let me take you to a question that I think gets to the root of a lot of the anxiety that people have in this country. The economy is undergoing a transformation through information technology. Americans are anxious that the new economy isn’t producing higher-paying jobs. Many are concerned that the new wealth seems to be going mainly to innovators and investors.

Meanwhile, with factories run by robots and shopping done increasingly on smartphones, many traditional jobs are just going away. How do you reassure American workers that their jobs are not being steadily replaced by machines?

RUBIO: Well, you know, that’s an excellent question, because what we are going through in this country is not simply an economic downturn. We are living through a massive economic transformation. I mean, this economy is nothing like what it was like five years ago, not to mention 15 or 20 years ago.

And it isn’t just a different economy. It’s changing faster than ever. You know, it took the telephone 75 years to reach 100 million users. It took Candy Crush one year to reach some 100 million users. [laughter]

So the world is changing faster than ever, and it is disruptive. Number one, we are in a global competition now, and several of the candidates have said that. There are now dozens of developed economies on this planet that we have to compete with. And we lose that competition because we have the highest business tax rate in the industrialized world, because we have regulations that continue to grow by the billions every single week, because we have a crazy health care law that discourages companies from hiring people, but because we’re not fully utilizing our energy resources, that if we did, it would bring back all kinds of growth, especially in manufacturing, and because we have an outdated higher education system.

Our higher education system is completely outdated. It is too expensive, too hard to access, and it doesn’t teach 21st century skills. If we do what needs to be done — tax reform, regulatory reform, fully utilize our energy resources, repeal and replace Obamacare, and modernize higher education, then we can grasp the potential and the promise of this new economy. And we won’t just save the American dream. We will expand it to reach more people and change more lives than ever before. And then truly this new century can be a new American century. [applause]

BAKER: Thank you. Senator Cruz — Senator Cruz, entitlements. You’ve argued for raising the retirement age and reducing benefits for future retirees, but reducing any sort of benefits for the elderly has always been notoriously hard to do politically. When Speaker Paul Ryan proposed replacing traditional Medicare with federally funded private plans a few years ago, a liberal group responded with a commercial that featured a granny being pushed off a cliff.

What’s going to be different this time?

CRUZ: Well, my Mom is here, so I don’t think we should be pushing any grannies off cliffs. [laughter]

And, you miss-stated what I’ve said on entitlement reform. What I’ve said is for seniors we should make no changes whatsoever, for younger workers we should gradually raise the retirement age, we should have benefits grow more slowly, and we should allow them to keep a portion of their taxes in a personal account that they control, and can pass on to their kids… [applause]

BAKER: …I said for future retirees was your statement… [applause]

CRUZ: I want to go back to the discussion we had a minute ago because, you know, what was said was right. The democrats are laughing — because if republicans join democrats as the party of amnesty, we will lose. [applause]

And, you know, I understand that when the mainstream media covers immigration, it doesn’t often see it as an economic issue. But, I can tell you for millions — of Americans at home watching this, it is a very personal economic issue. And, I will say the politics of it will be very, very different if a bunch of lawyers or bankers were crossing the Rio Grande.

[audience reaction]

Or if a bunch of people with journalism degrees were coming over and driving down the wages in the press.

[audience reaction] [applause and cheering]

Then, we would see stories about the economic calamity that is befalling our nation. And, I will say for those of us who believe people ‘ought to come to this country legally, and we should enforce the law, we’re tired of being told it’s anti-immigrant. It’s offensive. [applause]

I am the son of an immigrant who came legally from Cuba… [bell ringing]…to seek the American dream. And, we can embrace legal immigration while believing in the rule of law — and I would note, try going illegally to another country. Try going to China, or Japan. Try going to Mexico. See what they do. Every sovereign nation secures its borders, and it is not compassionate to say we’re not going to enforce the laws… [bell ringing]…And we’re going to drive down the wages for millions of hardworking men and women. That is abandoning the working… [applause]

BARTIROMO: We go back to Facebook. Dewayne Wesley Cato asks on Facebook, how do we get rid of regulations choking our businesses? Ms. Fiorina?

Specifically, under the president’s Affordable Care Act, employers with 50 or more employees are required to offer health insurance, or be fined. Many are opting to pay the fine. Others are cutting back employee hours to duck the law altogether. What specific ways will you alleviate the pressure on small business?

FIORINA: Well, first Obamacare has to be repealed because it’s failing… [applause]

…it’s failing the very people it was intended to help, but, also, it is croney-capitalism at its worst. Who helped write this bill? Drug companies, insurance companies, pharmaceutical companies, every single one of those kinds of companies are bulking up to deal with big government. See, that’s what happens. As government gets bigger, and bigger — and it has been for 50 years under republicans and democrats alike — and business have to bulk up to deal with big government.

So, we have to repeal it. It’s tens of thousands of pages long, no one can possible understand it except the big companies, the lawyers, the accountants, the lobbyists that they hire to protect their interests. Then, we have to give back to states the responsibility to manage a high risk pool. We need to try the one thing in health insurance we’ve never tried. Health insurance has always been a cozy, little game between regulators and health insurance companies.

We need to try the free market. The free market. Where people actually have to compete. [applause]

And, we ‘ought to have the government ensure that you must — and I don’t use that term often, that government ‘ought to do something, but every healthcare provider ‘ought to publish its costs, its prices, its outcomes, because as patients we don’t know what we’re buying. [applause] Now, let me just say — let me just say, I know more about innovation and entrepreneurship than anyone on this panel because I have led innovative businesses in the most highly competitive industry in the world for decades. The truth is the secret sauce of America is innovation, and entrepreneurship, it is why we must cut our government down to size, and hold it accountable. It’s why we have to take our government back, because innovation and entrepreneurship is crushed by the crushing load of a 73,000 page tax code. It is crushed… [bell ringing]

…by regulatory thicket that is so vast we don’t even know what’s in it anymore. It is crushed as well by government bureaucrats who don’t do their jobs very well, and who are not held accountable, which is why I’ve said we got to take our government back, and to do that, we have to know where every dollar being spent, and be able to move any dollar. We have to hack through this regulatory thicket, repeal so much, but, also, know what’s in that regulatory thicket — we don’t even know what regulations have been passed.

Third, we need to build a meritocracy — Scott Walker, by the way, is trying now to do in Wisconsin… [bell ringing]…Finally, we need to get to a three page tax code, and, yes, that plan exists.

BARTIROMO: Just to be clear, you want to repeal Obamacare… [applause]..but, what’s the alternative?

FIORINA: Sorry, I can’t hear you.

BARTIROMO: Just to be clear, you say you would repeal Obamacare…

FIORINA: …Absolutely…

BARTIROMO: …But, what is the alternative…

FIORINA: …You need to give…

BARTIROMO: …and how does that help small business…

FIORINA: The alternative is to allow states to manage high risk pools for those who really need help. Look, I’m a cancer survivor, OK? I understand that you cannot have someone who’s battled cancer just become known as a pre-existing condition. I understand that you cannot allow families to go bankrupt if they truly need help. But, I also understand that Obamacare isn’t helping anyone.

We’re throwing more, and more people into Medicaid, and fewer, and fewer doctors are taking those payments.

The point is Obamacare is crushing small businesses, it is not helping the families it was intended to help. So, let us allow states to manage high risk pools. Let us try the one thing in health insurance we’ve never tried, the free market. Let us ensure that as patients, and customers…

BARTIROMO: …Thank you…

FIORINA: …that we have information to shop wisely for our health care.

CAVUTO: Alright, thank you. We’re going to take a break here. Coming up, a big issue many Americans are facing, taxes. The Republican Presidential Debate continues now, live, from Milwaukee.

[commercial break]

CAVUTO: Welcome back to the Republican presidential debate live from Milwaukee. Let’s get back to the questions. And we want to touch on obviously one of the biggest of this issue in this year, taxes. And this will go to several of you.

One of the biggest economic concerns of course in the country are taxes. Facebook data certainly backs that up. Once again the green on this map that we’re going to see here shows how the conversation around taxes is resonating across the nation, especially here in Wisconsin.

First off, Dr. Carson, to you. You say you are in favor of a tax system, I guess akin to tithing, sir, with a flat tax rate of up to 15 percent because you said, if everybody pays this, I think God is a pretty fair guy, so tithing is a pretty fair process.

But Donald Trump says that is not fair. That wealthier taxpayers should pay a higher rate because it’s a fair thing to do. So whose plan would God endorse then, Doctor? [laughter]

Yours or Mr. Trump’s?

CARSON: Well, you know, when I say tithing, I’m talking about the concept of proportionality.

CAVUTO: Right.

CARSON: Everybody should pay the same proportion of what they make. You make $10 billion, you pay a billion. You make $10, you pay one. You get same rights and privileges.

I don’t see how anything gets a whole lot fairer than that. But you also have to get rid of all the deductions and all the loopholes because that is the thing that tilts it in one direction or another. And you have to set the rate at an appropriate level.

Now I will say that, there are a lot of people who say, if you get rid of the deductions, you ruin the American dream because, you know, home mortgage deduction. But the fact of the matter is, people had homes before 1913 when we introduced the federal income tax, and later after that started deductions.

And they say there will be no more charitable giving. We had churches before that and charitable organizations before that. The fact of the matter is, I believe if you put more money in people’s pockets that they will actually be more generous rather than less generous. And it’s… [applause] … the money that they earned.

And, the other thing is, I do care about the poor people. And in the system that we’re putting together, there will be a rebate for people at the poverty level. But I also want to emphasize the fact that as we get the economy moving, and I hope I get a question about how do we get the economy moving, there will be a lot more opportunities for poor people not to be poor people because this is America.

This is the land of dreams. And our policies should be aimed at allowing people to realize that dream. [applause]

CAVUTO: Thank you very much.

Senator Paul, you said you want to blow up the tax code and start over with an across-the-board 14.5 percent fair and flat tax. You happily offered that it is not revenue neutral and that’s the idea. You want to choke off the amount of money coming into Washington.

But don’t you risk, sir, creating a near-term budget crisis just as your presidency would be beginning?

PAUL: Well, it’s a great question, Neil, and thanks for including me in the tax debate.

I think what’s important about the tax debate is, is that we have to ask the question, where is money best spent, in the private sector or in the government sector? I want a government really, really small, so small you can barely see it. So I want lower taxes and much more money in the private sector. [cheering and applause]

My tax plan, however, is the only tax plan among any of the candidates on the stage that is part of a balanced budget plan. I put forward three plans that actually balance the budget over a five-year period.

Each of these plans have details on exactly where we would cut. The question came up earlier, where would you cut? Nobody likes to say where they would cut. I’ve put pencil to paper and done three budgets that actually balance.

I’m also in favor of a plan called the penny plan where we’d just cut 1 percent across the board and the budget actually balances in less than five years. So I think what is extraordinary about my tax plan is it is in the context of balancing the budget.

What is also extraordinary about my tax plan is it gets rid of the payroll tax. Democrats demagogue this issue to death, and when they do they say, oh, a millionaire would get a bigger tax cut than someone making $10,000.

That’s proportionality, as Ben is trying to explain to folks. But the thing is, is if we get rid of the payroll tax, everybody is going to get a tax cut. And this is something that I think the public at large will support and could win an election. [applause]

CAVUTO: There are no deductions on your — under your plan?

PAUL: Ours is 14.5 percent for corporations, 14.5 percent for individuals. No payroll tax for the employee. The business tax pays for social security, and there would be two remaining deductions — home mortgage and charity.

CAVUTO: Thank you, Senator.

PAUL: Thank you. [applause]

BARTIROMO: Senator Cruz, there isn’t anyone in this audience or watching at home tonight who would not like to pay less in taxes. Most people just want a fair shake, and they don’t want their money to be wasted.

But explain how your plan works. How can you cut taxes as much as you propose without running up debt and deficits?

CRUZ: Well, sure, you put your finger on what the problem is. The current system isn’t fair. Washington is fundamentally corrupt. There are more words in the IRS code than there are in the Bible — and — and not a one of them is as good. [laughter]

Every one of them reflects a carve-out or a subsidy, and it’s all about empowering the Washington cartel. My simple Flat Tax says that, for a family of four, for the first $36,000 you earn, you pay no taxes whatsoever. No income taxes, no payroll taxes, no nothing.

Above that, every American pays 10 percent across the board — a flat, fair tax. Which means that no longer do you have hedge-fund billionaires paying a lower tax rate than their secretaries.

On the business side, I’ve got a business flat tax of 16 percent — again, that applies across the board. Right now, with our corporate income tax, giant corporations with armies of accountants regularly are paying little to no taxes while small businesses are getting hammered.

This is fair and across-the-board. Now, you ask, how do the numbers add up? I would encourage folks, if you go to our website, tedcruz.org, we have the specific numbers on the website.

This plan eliminates the payroll tax, eliminates the death tax, eliminates the corporate income tax, and it abolishes the IRS. [applause]

And the effect of that is incredible economic growth. It means every income group will see double-digit increases, from the very poorest to the very weakest, of at least 14 percent.

So if you’re a single mom, if you’re making $40,000 a year, what that means is an extra about $5,000 in your pocket to provide for your kids, to make ends meet. It has a powerful, powerful effect.

And there’s one other really powerful feature of my plan, which is that it’s border-adjustable. Which means, if you’re an exporter — if you’re a farmer, if you’re a rancher, if you’re a manufacturer, you don’t pay the businesses flat tax.

Exports are free of that tax, but all imports pay that 16 percent business flat tax, which means this tax plan would cause jobs to boom, and it would let America compete with China and the world on a level playing field. [applause]

BARTIROMO: But you haven’t told us how to pay for it.

CRUZ: Well, the numbers the Tax Foundation had put out is that the static cost of the plan is $3.6 trillion over 10 years, but the dynamic cost of the plan, which — which is the cost that factors in growth, is about $768 billion.

It is less than a trillion. It costs less than virtually every other plan people have put up here, and yet it produces more growth and it’s one of the very few plans that abolishes the IRS.

But on top of that, today, we rolled out a spending plan. $500 billion in specific cuts — five major agencies that I would eliminate. The IRS, the Department of Commerce, the Department of Energy, the Department of Commerce, and HUD — and then 25 specific programs.

Again, that’s on our website at tedcruz.org. You want to look at specificity? It’s easy for everyone to say, “cut spending”. It’s much harder and riskier to put out, chapter and verse, specifically the programs you would cut to stop bankrupting our kids and grandkids.

BARTIROMO: Thank you, Senator. [applause]

Governor Bush, Republican primary voters say tax reform should be a priority for Congress and the administration. But, Governor Bush, how important is tax reform in your domestic policy agenda? Will you guarantee it in the first year of your presidency?

BUSH: I’m gonna fight as hard as I can to make sure that we shift power away from Washington, simplify the tax code, to spur economic activity in this country. Of course it’s the highest priority.

If we don’t do that, we’re stuck with the “new normal” of 2 percent growth. Hillary Clinton says, basically, we just gotta get used to it. Two percent growth means declining income for the middle class. It means more than 6 million people are stuck in poverty than the day that Barack Obama was inaugurated.

It means — it means more demands on government — growing the economy is the first job, if we’re going to be serious about dealing with the deficit and debt. And more importantly, people are really struggling right now.

In this economy, the disposable income of the great middle is down 2,300 bucks. So yeah, we’ve created jobs, your — argue (ph) — brought that up early, and it was a good question. Jobs are being created, but they’re lower-income jobs than the jobs that were lost.

And the net effect of this is we need to jump-start the economy. I think of Jonathan (ph) and Reagan Love (ph), who are supporters of mine. Jonathan has been deployed by the National Guard, he is — he’s in Oklahoma.

Reagan Love — by the way, pretty great name, I think — is a teacher. When — if they had this tax cut, what they told me was that that $2,300 of money in their pocket — they would go back to South Carolina and start a business.

Imagine what it would be like, instead of having more businesses closed than started, we had it the exact opposite. We would grow our economy, and the government would get the revenue necessary to make things — make things better.

Hillary Clinton’s approach to this is more top-down, more regulation, more taxes, more government, and it will destroy our economy. [applause]

BARTIROMO: Thank you, Governor.

BAKER: Senator Rubio. Can I just come to Senator Rubio? We’re coming to you, Mr. Trump, in one second. I — I promise.

TRUMP: Yes.

BAKER: Senator Rubio, your tax plan includes a large expansion of child tax credits to raise off (ph) the tax incomes for low-income parents. A similar tax credit that you previously proposed in the Senate was estimated to cost as much as $170 billion a year, according to the Tax Foundation.

Isn’t — isn’t there a risk you’re just adding another expensive entitle program to an already overburdened federal budget?

RUBIO: The most important job I’m ever going to have, the most important job anyone in this room will ever have, is the job of being a parent. Not the job of being president, or the job of being a senator, or the job of being a congressman.

The most important job any of us will ever do is the job of being a president (sic), because the most important institution in society is the family. If the family breaks down, society breaks down.

You can’t have a strong nation without strong values, and no one is born with strong values. They have to be taught to you in strong families and reinforced in you in strong communities.

And so when we set out to do tax reform, we endeavor to have a pro-family tax code, and we endeavor to do it because we know how difficult it is for families in the 21st century to afford the cost of living.

It is expensive to raise children in the 21st century, and families that are raising children are raising the future taxpayers of the United States, and everything costs more. In 35 out of 50 states, child care costs more than college.

There are millions of people watching this broadcast tonight that understand exactly what I’m talking about. They don’t know how they’re going to make that payment every month, and if they can’t make it, they can’t work, because someone needs to watch their kids during the day. They don’t know how they’re going to save for their kids’ future, to go to college.

And so, yes, I have a child tax credit increase, and I’m proud of it. I am proud that I have a pro-family tax code, because the pro- family tax plan I have will strengthen the most important institution in the — in the country, the family.

PAUL: Neil, there’s a point I’d like to make here… [applause] ….Neil, a point that I’d like to make about the tax credits.

We have to decide what is conservative and what isn’t conservative. Is it fiscally conservative to have a trillion-dollar expenditure? We’re not talking about giving people back their tax money. He’s talking about giving people money they didn’t pay. It’s a welfare transfer payment.

So here’s what we have. Is it conservative to have $1 trillion in transfer payments — a new welfare program that’s a refundable tax credit? Add that to Marco’s plan for $1 trillion in new military spending, and you get something that looks, to me, not very conservative. Thank you. [applause]

[crosstalk]

BAKER: Governor Kasich? Let me come to Governor Kasich.

TRUMP: No, I’m sorry. No, excuse me. I was there.

BAKER: Governor Kasich.

[crosstalk]

BAKER: Very quickly, Senator.

RUBIO: Now I get my 60 seconds to respond. He’s talking about my tax plan.

BAKER: Please.

RUBIO: So let me begin with this. I actually believe — first of all, this is their money. They do pay. It is refundable, not just against the taxes they pay to the government, but also the — on their federal income tax, it’s refundable against the payroll tax.

Everyone pays payroll tax. This is their money. This is not our money. And here’s what I don’t understand — if you invest that money in a piece of equipment, if you invest that money in a business, you get to write it off your taxes.

But if you invest it in your children, in the future of America and strengthening your family, we’re not going to recognize that in our tax code? The family is the most important institution in society. And, yes…

PAUL: Nevertheless, it’s not very conservative, Marco.

RUBIO: … I do want to rebuild the American military.

PAUL: How is it conservative?

RUBIO: I know that Rand is a committed isolationist. I’m not. I believe the world is a stronger and a better place, when the United States is the strongest military power in the world.

PAUL: Yeah, but, Marco! Marco! How is it conservative, how is it conservative to add a trillion-dollar expenditure for the federal government that you’re not paying for?

RUBIO: Because…

PAUL: How is it conservative?

RUBIO: …are you talking about the military, Rand?

PAUL: How is it conservative to add a trillion dollars in military expenditures? You can not be a conservative if you’re going to keep promoting new programs that you’re not going to pay for. [applause]

RUBIO: We can’t even have an economy if we’re not safe. There are radical jihadist in the Middle East beheading people and crucifying Christians. A radical Shia cleric in Iran trying to get a nuclear weapon, the Chinese taking over the South China Sea… [applause] …Yes, I believe the world is a safer — no, no, I don’t believe, I know that the world is a safer place when America is the strongest military power in the world. [cheering and applause]

PAUL: No. I don’t think we’re any safer — I do not think we are any safer from bankruptcy court. As we go further, and further into debt, we become less, and less safe. This is the most important thing we’re going to talk about tonight. Can you be a conservative, and be liberal on military spending? Can you be for unlimited military spending, and say, Oh, I’m going to make the country safe? No, we need a safe country, but, you know, we spend more on our military than the next ten countries combined?

I want a strong national defense, but I don’t want us to be bankrupt. [bell ringing]

[crosstalk]

CRUZ: …Middle ground that brings both of these together…

FIORINA: …Yes, the middle ground is this…

CRUZ: …Exactly right, that we have to defend this nation. You think defending this nation is expensive, try not defending it. That’s a lot more expensive. [applause and cheering]

But, you can do that, and pay for it. You can do that, and also be fiscally responsible. You know, I mention that the 25 programs that I put today, that I would eliminate them. Among them are corporate welfare, like sugar subsidies. Let’s take that as an example. Sugar subsidies. Sugar farmers farm under… [bell ringing] …under roughly 0.2% of the farmland in America, and yet they give 40% of the lobbying money. That sort of corporate welfare is why we’re bankrupting our kids, and grandkids. I would end those subsidies to pay for defending this nation…

BAKER: …Gentleman, we need to move on…

FIORINA: …This is why — this is why we must combine, actually, zero-based budgeting with tax reform because unless we can examine, and cut, and move, every single dollar of discretionary spending in the federal government, we cannot reform taxes and reduce spending at the same time.

Ask yourself this question, how is it possible that the federal government gets more money each and every year, which the federal government has been doing, receiving more money every year for 50 years under republicans and democrats alike, and yet, never has enough money to do the important things?

The answer? All the money’s always spoken for. All the money’s spoken for. So, we have to go to zero-based budgeting, which is a simple idea — by the way, there’s been a bill for zeros-based (ph) budgeting… [bell ringing] …It exists, it can be voted on. Every dollar must be examined. Any dollar can be cut. Any dollar can be cut, any dollar can be moved. We have to go to a three page tax code. You lower every rate, you close every loophole, why? Because the government uses the tax code to decide winners, and losers. You have to strip the corruption out of the tax code to pay for it. You have to know where every single dollar is being spent…

BAKER: …We need to move…

FIORINA: …Cut where you need to, and invest where you need to…

BAKER: …We need too…

FIORINA: …The two go hand in hand…

BAKER: …We do need to move on. Mr. Trump…

TRUMP: Please, if I could just…

BAKER: …Very quick.

TRUMP: We have to make our military bigger, better, stronger than ever before so that nobody messes with us, and a long run, it’s going to save us. I agree with Marco, I agree with Ted, we have no choice. And, I can tell you this with certainty. We all have a different tax plan. Some I don’t totally agree with.

One thing we understand, each one of those tax plans is better than the mess that we have right now. [applause]

BAKER: Let’s talk about — No, no, Governor, I really must move on. I really want to move on.

Mr. Trump, let’s talk about the international economy…

KASICH: …Mr. Baker, everybody got to talk about taxes…

BAKER: …We really need to move on…

KASICH: …I think you were coming to me and then…

BAKER: …No, governor, I promise I will come to you…

KASICH: …Look, I hate to crash the party to you, Mr. Baker, but, you know, what’s fair…

BAKER: …Listen…

KASICH: …Yes, sir…

BAKER: …Mr. Trump, can I ask you about…

TRUMP: …Yes…

BAKER: …the U.S. just concluded an international trade agreement with 11 countries in the Pacific. You’ve said that you’d rather have no deal…

TRUMP: …Yeah…

BAKER: …than sign the one that’s on the table…

TRUMP: …It’s a horrible deal…

BAKER: …Most economists — most economists say that trade is boosted growth, and every single post war president has supported the expansion of international trade, including the last three republican presidents. Why would you reverse more than 50 years of U.S. trade policy?

TRUMP: The TPP is horrible deal. It is a deal that is going to lead to nothing but trouble. It’s a deal that was designed for China to come in, as they always do, through the back door and totally take advantage of everyone. It’s 5,600 pages long. So complex that nobodies read it. It’s like Obamacare; nobody ever read it. They passed it; nobody read it. And look at mess we have right now. And it will be repealed.

But this is one of the worst trade deals. And I would, yes, rather not have it. With all of these countries, and all of the bad ones getting advantage and taking advantage of what the good ones would normally get, I’d rather make individual deals with individual countries. We will do much better. We lose a fortune on trade. The United States loses with everybody. We’re losing now over $500 billion in terms of imbalance with China, $75 billion a year imbalance with Japan. By the way, Mexico, $50 billion a year imbalance.

So I must say, Gerard, I just think it’s a terrible deal. I love trade. I’m a free trader, 100 percent. But we need smart people making the deals, and we don’t have smart people making the deals.

BAKER: The — the deal, as you say, the terms of the deal were published — were published just last week, the details, 5,000 pages of it, and 80 percent of U.S. trade with countries in the Pacific, these countries, these 11 countries, is actually tariff-free, and these — the trade deal only affects the other 20 percent. Which — are there particular parts of the deal that you think were badly negotiated?

TRUMP: Yes. Well, the currency manipulation they don’t discuss in the agreement, which is a disaster. If you look at the way China and India and almost everybody takes advantage of the United States — China in particular, because they’re so good. It’s the number-one abuser of this country. And if you look at the way they take advantage, it’s through currency manipulation. It’s not even discussed in the almost 6,000-page agreement. It’s not even discussed.

BAKER: There was a separate — separate…

[crosstalk]

TRUMP: And as you understand, I mean, you understand very well from the Wall Street Journal, currency manipulation is the single great weapon people have. They don’t even discuss it in this agreement.

So I say, it’s a very bad deal, should not be approved. If it is approved, it will just be more bad trade deals, more loss of jobs for our country. We are losing jobs like nobody’s ever lost jobs before. I want to bring jobs back into this country.

PAUL: Hey, Gerard, you know, we might want to point out China is not part of this deal.

UNKNOWN: True. It’s true.

BARTIROMO: That’s right. That’s right.

PAUL: Before we get a little bit off-kilter here…

BAKER: But isn’t that — isn’t that part of the problem? When I say, Senator, that if — if this deal is not ratified by — by the U.S. — by the Senate, then it would actually give China an opportunity to grow its economic leadership, which it’s been seeking to do? And if the U.S. is unable to take part in this trade deal with these countries in Asia, China will take the lead?

PAUL: There is an argument that China doesn’t like the deal, because in us doing the deal, we’ll be trading with their competitors. You’re exactly right. But I think we’ve sort of missed the point a little bit here.

There is an important point, though, about how we discuss these trade treaties that I do agree with Mr. Trump on. We should negotiate from a position of strength. And we also should negotiate using the full force and the constitutional power that was given to us. I think it’s a mistake that we give up power to the presidency on these trade deals. We give up the power to filibuster, and I’m kind of fond of that power. [laughter]

We give up the power to amend. And I think, really, one of the big problems we have in our country is, over the last century, really, so much power has gravitated to the executive branch. Really, Congress is kind of a bystander. We don’t write the rules. We don’t make the laws. The executive branch does. So even in trade — and I am for trade — I think we should be careful about giving so much power to the presidency. [applause]

BAKER: Thank you. Thanks, Senator.

BARTIROMO: Coming up, the biggest threats facing the next commander-in-chief. You’re watching the Republican presidential debate, live tonight from Milwaukee. We’ll be right back.

[commercial break]

BARTIROMO: Welcome back. Welcome back to the Republican presidential debate. The candidates taking the questions you want answered. Also tonight, you can see what America is saying about the debate. Go to Facebook and type #gopdebate into the search box.

Now, back to the questions. Americans face security threats at home and abroad. Last year, terrorist attacks rose 61 percent, according to the Institute for Economics and Peace, with the most deaths occurring in just five countries, Iraq, Afghanistan, Pakistan, Nigeria, and Syria.

Dr. Carson, you were against putting troops on the ground in Iraq and against a large military force in Afghanistan. Do you support the president’s decision to now put 50 special ops forces in Syria and leave 10,000 U.S. troops in Afghanistan?

CARSON: Well, putting the special ops people in there is better than not having them there, because they — that’s why they’re called special ops, they’re actually able to guide some of the other things that we’re doing there.

And what we have to recognize is that Putin is trying to really spread his influence throughout the Middle East. This is going to be his base. And we have to oppose him there in an effective way.

We also must recognize that it’s a very complex place. You know, the Chinese are there, as well as the Russians, and you have all kinds of factions there.

What we’ve been doing so far is very ineffective, but we can’t give up ground right there. But we have to look at this on a much more global scale. We’re talking about global jihadists. And their desire is to destroy us and to destroy our way of life. So we have to be saying, how do we make them look like losers? Because that’s the way that they’re able to gather a lot of influence.

And I think in order to make them look like losers, we have to destroy their caliphate. And you look for the easiest place to do that? It would be in Iraq. And if — outside of Anbar in Iraq, there’s a big energy field. Take that from them. Take all of that land from them. We could do that, I believe, fairly easily, I’ve learned from talking to several generals, and then you move on from there.

But you have to continue to face them, because our goal is not to contain them, but to destroy them before they destroy us. [applause]

BARTIROMO: We asked Facebook to take a look at some of the major issues we’re talking about, and tackling in this debate tonight. This word cloud shows what people are focusing on the most. The bigger the word, the more the talk. One of the most discussed issues in the last month, homeland security. Governor Bush, what is the biggest threat facing America today?

BUSH: It is — I’d say it is Islamic terrorism, and, back to the question of what we are dealing with in Iraq, when we pull back voids are filled. That’s the lesson of history, and, sadly, this president does not believe in American leadership. He does not believe it, and the net result is that we have a caliphate the size of Indiana that gains energy each and everyday to recruit Americans in our own country, and the threat to the homeland relates to the fact that we have not dealt with this threat of terror in the Middle East.

We should have a no fly zone in Syria. We should have a support for the remnants of the Syrian Free Army, and create safe zones. If you want to deal with the four million refugees that are leaving Syria because of the devastation there, then we ‘ought to create safe zones for them to stay in the region rather than go to Europe. And, that requires American leadership.

Without American leadership every other country in the neighborhood beings to change their priorities. It is tragic that you see Iraq, and other countries now talking to Russia. It wasn’t that long ago that Russia had no influence in the region at all. And, so, the United States needs to lead across the board.

This president, and Hillary Clinton both do not believe the United States has a leadership role to play, and we’re now paying a price, and it will have a huge impact on the economy of this country if we don’t deal with this. [applause]

BARTIROMO: Thank you, sir.

Mr. Trump, in 2012 debate, President Obama mocked Mitt Romney’s assertion that Russia was the top geopolitical challenge facing the United States, saying he was a Cold War dinosaur. Now, Russia has invaded Ukraine, and has put troops in Syria. You have said you will have a good relationship with Mr. Putin. So, what does President Trump do in response to Russia’s aggression?

TRUMP: Well, first of all, it’s not only Russia. We have problems with North Korea where they actually have nuclear weapons. You know, nobody talks about it, we talk about Iran, and that’s one of the worst deals ever made. One of the worst contracts ever signed, ever, in anything, and it’s a disgrace. But, we have somebody over there, a madman, who already has nuclear weapons we don’t talk about that. That’s a problem.

China is a problem, both economically in what they’re doing in the South China Sea, I mean, they are becoming a very, very major force. So, we have more than just Russia. But, as far as the Ukraine is concerned, and you could Syria — as far as Syria, I like — if Putin wants to go in, and I got to know him very well because we were both on 60 Minutes, we were stablemates, and we did very well that night.

But, you know that.

But, if Putin wants to go and knocked the hell out of ISIS, I am all for it, 100%, and I can’t understand how anybody would be against it…

BUSH: …They’re not doing that…

TRUMP: …They blew up — hold it….

BUSH: [inaudible]

TRUMP: …They blew up, wait a minute… [audience reaction] …They blew up a Russian airplane. He cannot be in love with these people. He’s going in, and we can go in, and everybody should go in. As far as the Ukraine is concerned, we have a group of people, and a group of countries, including Germany — tremendous economic behemoth — why are we always doing the work?

We are — I’m all for protecting Ukraine and working — but, we have countries that are surrounding the Ukraine that aren’t doing anything. They say, “Keep going, keep going, you dummies, keep going. Protect us…” [bell ringing] …And we have to get smart. We can’t continue to be the policeman of the world. We are $19 trillion dollars, we have a country that’s going to hell, we have an infrastructure that’s falling apart. Our roads, our bridges, our schools, our airports, and we have to start investing money in our country. [applause]

BARTIROMO: Thank you, sir.

BUSH: Donald — Donald’s wrong on this. He is absolutely wrong on this. We’re not going to be the world’s policeman, but we sure as heck better be the world’s leader. That’s — there’s a huge difference where, without us leading… [cheering] …voids are filled, and the idea that it’s a good idea for Putin to be in Syria, let ISIS take out Assad, and then Putin will take out ISIS? I mean, that’s like a board game, that’s like playing Monopoly or something. That’s not how the real world works.

We have to lead, we have to be involved. We should have a no fly zone in Syria. There are — they are barrel bombing the innocents in that country. If you’re a Christian, increasingly in Lebanon, or Iraq, or Syria, you’re going to be beheaded. And, if you’re a moderate Islamist, you’re not going to be able to survive either.

We have to play a role in this be able to bring the rest of the world to this issue before it’s too late.

TRUMP: Assad is a bad guy, but we have no idea who the so-called rebels — I read about the rebels, nobody even knows who they are. I spoke to a general two weeks ago, he said — he was very up on exactly what we’re talking about. He said, “You know, Mr. Trump? We’re giving hundreds of millions of dollars of equipment to these people, we have no idea who they are.”

So, I don’t like Assad. Who’s going to like Assad? But, we have no idea who these people, and what they’re going to be, and what they’re going to represent. They may be far worse than Assad. Look at Libya. Look at Iraq. Look at the mess we have after spending $2 trillion dollars, thousands of lives, wounded warriors all over the place — who I love, OK? All over.

We have nothing. And, I said, keep the oil. And we should have kept the oil, believe me. We should have kept the oil. And, you know what? We should have given the oil… [bell ringing] ..We should’ve given big chunks to the people that lost their arms, their legs, and their families, and their sons, and daughters, because right now, you know who has a lot of that oil? Iran, and ISIS.

FIORINA: You know, Mr. Trump fancies himself a very good negotiator. And, I accept that he’s done a lot of good deals, so, Mr. Trump ‘ought to know that we should not speak to people from a position of weakness. Senator Paul should know that as well.

One of the reasons I’ve said that I would not be talking to Vladimir Putin right now, although I have met him as well, not in a green room for a show, but in a private meeting. [laughter, applause, and cheering]

One of the reasons I’ve said I wouldn’t be talking to Vladimir Putin right now is because we are speaking to him from a position of weakness brought on by this administration, so, I wouldn’t talk to him for awhile, but, I would do this. I would start rebuilding the Sixth Fleet right under his nose, rebuilding the military — the missile defense program in Poland right under his nose. I would conduct very aggressive military exercises in the Baltic States so that he understood we would protect our NATO allies… [bell ringing] …and I might also put in a few more thousand troops into Germany, not to start a war, but to make sure that Putin understand that the United States of America will stand with our allies. That is why Governor Bush is correct. We must have a no fly zone in Syria because Russia cannot tell the United States of America where and when to fly our planes. We also have a set of allies… [applause] …We also have a set of allies in the Arab Middle East that know that ISIS is their fight. They have asked us specifically over, and over again to support them. King Abdullah of Jordan, a man I’ve known for a very long time, has asked us for bombs and material, we have not provided it.

The Egyptians are asking us to share intelligence, we are not, I will. The Kurds have asked us to arm them for three years, we are not, I would. The Egyptians, the Saudis, the Kuwaitis, the Bahrain’s, the Emirati, the Kurds… [bell ringing] …all of these, I know, by the way, understand ISIS is their fight, but they must see leadership support and resolve from the United States of America…

UNKNOWN: …let me follow up that…

FIORINA: …we have the strongest military on the face of the planet, and everyone has to know it.

CAVUTO: Senator Paul… [applause and cheering] Senator Paul, you have already said, sir, that that would be a mistake in not talking to Vladimir Putin, or to rule it out. You’ve argued that it’s never a good idea to close down communication. With that in mind, do you think the same applies to administration efforts right now to include the Iranians in talks on Syria?

PAUL: I’d like first to respond to the acquisition, we should — I think it’s particularly naive, particularly foolish to think that we’re not going to talk to Russia. The idea of a no fly zone, realize that this is also something that Hillary Clinton agrees with several on our side with, you’re asking for a no fly zone in an area in which Russia already flies.

Russia flies in that zone at the invitation of Iraq. I’m not saying it’s a good thing, but you better know at least what we’re getting into. So, when you think it’s going to be a good idea to have a no fly zone over Iraq, realize that means you are saying we are going to shoot down Russian planes. If you’re ready for that, be ready to send your sons and daughters to another war in Iraq.

I don’t want to see that happen. I think the first war in Iraq was a mistake… [cheering and applause] You can be strong without being involved in every civil war around the war…

UNKNOWN: [inaudible]

CAVUTO: …Well, then how would you respond?

PAUL: Ronald Reagan was strong, but Ronald Reagan didn’t…

FIORINA: …Ronald Reagan walked away at Reykjavik.

PAUL: …send troops into the Middle East…

FIORINA: …he walked away, he quit talks…

PAUL: …Can I finish…

FIORINA: …when it was time to quit talking…

PAUL: …Can I finish my time?

Could I finish with my time?

TRUMP: Why does she keep interrupting everybody? [laughter]

Terrible. [booing]

PAUL: Yes, I would like to finish my response, basically.

RUBIO: You know, if I may respond…

PAUL: This is an important question. This is an incredibly important question. And the question goes to be, who do we want to be our commander-in-chief? Do you want a commander-in-chief who says something that we never did throughout the entire Cold War, to discontinue having conversations with the Russians?

I am not happy about them flying over there. But I’m not naive enough to say, well, Iraq has them flying over their airspace, we’re just going to announce that we’re shooting them down?

That is naive to the point of being something you might hear in junior high. But it’s scary…

[crosstalk]

CAVUTO: But if you’re not going to respond in a no-fly zone strategy, what would yours be?

PAUL: The first thing I would do is I wouldn’t arm our enemies. I wouldn’t arm ISIS. [cheering and applause]

Most of the people who want to the no-fly zone also favored arming the allies of al Qaeda, which became ISIS. That was the dumbest, most foolhardy notion. And most of the people up here supported it. They wanted to arm the allies of al Qaeda. Some of them still do.

That’s how ISIS grew. We pushed back Assad, and ISIS was allowed to grow in the vacuum. So the first thing you do is don’t arm your enemies.

[crosstalk]

RUBIO: I need to add a couple of points to this. The first is, I’ve never met Vladimir Putin, but I know enough about him to know he is a gangster. He is basically an organized crime figure that runs a country, controls a $2 trillion economy. And is using to build up his military in a rapid way despite the fact his economy is a disaster.

He understands only geopolitical strength. And every time he has acted anywhere in the world, whether it’s in Ukraine or Georgia before that, or now in the Middle East, it’s because he is trusting in weakness.

His calculation in the Middle East is that he has seen what this president has done, which is nothing, the president has no strategy, our allies in the region do not trust us. For goodness sake, there is only one pro-American free enterprise democracy in the Middle East, it is the state of Israel.

And we have a president that treats the prime minister of Israel with less respect than what he gives the ayatollah in Iran. And so our allies in the region don’t trust us. [cheering and applause]

Vladimir Putin is exploiting that weakness, for purposes of edging the Americans out as the most important geopolitical power broker in the region. And we do have a vested interest. And here’s why.

Because all those radical terrorist groups that, by the way, are not just in Syria and in Iraq, ISIS is now in Libya. They are a significant presence in Libya, and in Afghanistan, and a growing presence in Pakistan.

Soon they will be in Turkey. They will try Jordan. They will try Saudi Arabia. They are coming to us. They recruit Americans using social media. And they don’t hate us simply because we support Israel. They hate us because of our values. They hate us because our girls go to school. They hate us because women drive in the United States.

Either they win or we win, and we had better take this risk seriously, it is not going away on its own. [cheering and applause]

BAKER: Thank you, Senator.

Governor Kasich, I want to ask you about China, in particular hundreds of American companies have been subjected to cyber attacks from the Chinese military, yet state-backed Chinese companies, growing their presence in the United States, Chinese investments in U.S., which were nearly nonexistent a few years ago, are now over $50 billion. And as my newspaper recently reported, Chinese companies are planning to bid for one of the largest hotel chains in the United States, what would be the largest ever Chinese takeover of a U.S. company. Would you stop them?

KASICH: Let me tell you this, Mr. Baker, in terms of the cyber attacks, we have the capability to not only have a defensive posture, but it also to make it clear to people that if you attack us with cyber attacks, we will destroy the mechanisms that you are using to attack us.

I want to give you a little trip around the world. I served on the Defense Committee for 18 years. In the Ukraine, arm the people there so they can fight for themselves. In the eastern part of Europe, make sure that Finland and the Baltics know that if the Russians move, we move.

In Syria, yes, a no-fly zone in the north on the Turkish border, a no-fly zone on the south on the Jordanian border. Anybody flies in the first time, maybe they can fly out. They fly in there a second time, they will not fly out.

And it also becomes a sanctuary for the people to be. And it also sends many messages in the Middle East that we’re still involved.

Saudi Arabia, cut off the funding for the radical clerics, the ones that preach against us. But they’re fundamentally our friends. Jordan, we want the king to reign for 1,000 years. Egypt, they have been our ally and a moderating force in the Middle East throughout their history.

In the groups — in the countries of the Gulf states of Bahrain, the Cleveland Clinic is opening an operation. Clearly we see the same with them. And in Israel, we have no better ally in the world, and no more criticizing them in public, we should support them.

And finally China, China doesn’t own the South China Sea, and I give the president some credit for being able to move a naval force in there to let the Chinese know that we’re not going to put up with it any more.

And in the trade agreement, the TPP, it’s critical to us, not only for economic reasons and for jobs, because there are so many people who are connected to getting jobs because of trade, but it allows us to create not only economy alliances, but also potentially strategic alliances against the Chinese. They are not our enemy, but they are certainly not our friend.

And finally, I will say to everyone in this room, we have been talking about taxes and economics. When the fall comes, and we run against Hillary, which will be a disaster if she got elected. I have two 16-year-old girls, and I want this country to be strong.

We make promises we can’t keep under the bright light of the fall, we will have trouble. We must make sure that economic programs and our military programs are solid. I served in Washington as the chairman of the Budget Committee, and we got the budget balanced.

And in Ohio, as the CEO, and guess what, we have got to have a CEO mentality and a way to beat Hillary Clinton and the Democracies in the fall. And our ideas have to add up. They have to be solid. And people have to know we have the confidence to lead America.

And as president, I will lead this country, as I have before in Washington and in Ohio, and will return both on domestic and international affairs. And I appreciate the opportunity to speak this time, Gerry. [applause]

BAKER: Thank you, Governor. Plenty of opportunities. Thank you.

Neil?

CAVUTO: All right. And look at the time, look at the time. You are watching FOX Business, we’ll take a break. Stick around.

[commercial break]

BAKER: Welcome back to the Republican presidential debate, live from Milwaukee.

Now let’s get straight back to the questions, and Governor Bush.

Governor, Hillary Clinton recently said that if we had another financial crisis like the one in 2008, she wouldn’t bail out the banks. Would you?

BUSH: We’re not — we shouldn’t have another financial crisis. What we ought to do is raise the capital requirements so banks aren’t too big to fail. Dodd-Frank has actually done the opposite, totally the opposite, where banks now have higher concentration of risk in assets and the capital requirements aren’t high enough. If we were serious about it, we would raise the capital requirements and lessen the load on the community banks and other financial institutions. This vast overreach has created a huge problem for our country, and Hillary Clinton wants to double down on that.

I was in Washington, Iowa, about three months ago talking about how bad Washington, D.C., is. It was — get the — kind of the — anyway. We had… [laughter]

It — and I talked to a banker there. This is a bank that had $125 million of assets, four branches. Their compliance costs because of Dodd-Frank went from $100,000 to $600,000 in a two-year period. The net effect of that is — and they had — they had not one loan that went bad during the financial crisis. They knew — they knew their borrowers. They gave back to the community. They were engaged in the community. And imagine America without its community banks. Well, that’s what’s happening because of Dodd-Frank. That’s — that’s my worry. My worry is that the real economy has been hurt by the vast overreach of the Obama administration.

And Hillary Clinton, she wants to double down on that. She wants to create even more so. She is a captive of the left of her party to the point now where she is — she was for the trade agreement in — the Pacific agreement. Now she’s against it. She was — hinted she was for the XL pipeline. Now she’s opposed to it. All the things that would create sustained economic growth she’s now doubling down against it.

BAKER: But, Governor, but can I just quickly — did — you can’t seriously guarantee that there won’t be another financial crisis, can you?

BUSH: You could, if you were serious about…

BAKER: Ever? There will never be another financial crisis?

BUSH: No, I can’t say that. But I can say, if you created higher capital requirements, that’s the solution to this, not having concentration of assets. The bigger banks now have more and more control over — over the financial assets of this country. And that is the wrong approach to take.

BAKER: Dr. Carson, if I may, just on that point, despite measures taken, as the governor says, since the crisis to make the financial system safer, the major banks in the U.S., many of them are actually bigger than ever. Asset held by JPMorgan Chase, for example, the very largest bank, have increased by nearly 40 percent to over $2.6 trillion. Do you think JPMorgan and the other big banks should be broken up?

CARSON: Well, I think we should have policies that don’t allow them to just enlarge themselves at the expense of smaller entities. And certainly some of the policies, some of the monetary and Fed policies that we’re using makes it very easy for them, makes it very easy for the big corporations, quite frankly, at these very low interest rates to buy back their stock and to drive the price of that up artificially. Those are the kinds of things that led to the problem in the first place.

And I think this all really gets back to this whole regulation issue which is creating a very abnormal situation. This country was — declared its independence in 1776. In less than 100 years, it was the number-one economic power in the world. And the reason was because we had an atmosphere that encouraged entrepreneurial risk- taking and capital investment. Those are the fuels that drive it.

And what we’ve done now is let the creep of regulation turn into a stampede of regulations, which is involved in every aspect of our lives. If we can get that out, it makes a big difference. And even for the average person, every single regulation costs money. And it’s shifted to the individual.

So — and it hurts the poor and the middle class much more than it does the rich. They go into the store and they buy a bar of soap, it costs 10 cents more, they notice it. And the middle class, when they come to the cash register, have a whole cart full of things that cost 5, 10 or 15 cents more, they notice it. It is hurting the poor.

Bernie Sanders and Hillary Clinton won’t tell you that that’s the thing that’s really hurting middle class in the core. They’ll say it’s the rich, take their money, but that won’t help. You can take all of the rich’s money and it won’t make a dent in the problem that we’re having. We have to come back to the fundamental principles that made America great. [applause]

BAKER: But just to be clear, just — just to be clear, then, you wouldn’t — you wouldn’t favor breaking up the big banks? You think they’re big enough — they’re OK as they are, as big as they are?

CARSON: I would have policies that wouldn’t allow that to occur. I don’t want to go in and tear anybody down. I mean, that doesn’t help us. But what does help us is stop tinkering around the edges and fix the actual problems that exist that are creating the problem in the first place.

BAKER: Thank you, Dr. Carson.

RUBIO: Can I just add what — he’s right on point there. Do you know why these banks are so big? The government made them big. The government made them big by adding thousands and thousands of pages of regulations. So the big banks, they have an army of lawyers, they have an army of compliance officers. They can deal with all these things. The small banks, like Governor Bush was saying, they can’t deal with all these regulations. They can’t deal with all — they cannot hire the fanciest law firm in Washington or the best lobbying firm to deal with all these regulations. And so the result is, the big banks get bigger, the small banks struggle to lend or even exist, and the result is what you have today.

And in Dodd-Frank, you have actually codified too big to fail. We have actually created a category of systemically important institutions, and these banks go around bragging about it. You know what they say to people with a wink and a nod? We are so big, we are so important that if we get in trouble, the government has to bail us out. This is an outrage. We need to repeal Dodd-Frank as soon as possible. [applause]

KASICH: Let me — let me also say, Gary — Gary, let me also say, Jeb is — what Jeb is talking about with the big banks is to force them to reserve their capital, people who invest it and they hold their capital, so that if the bank goes down, the people who are invested in the bank are the ones that pay. That’s what he’s trying to say.

Secondly, I’ll tell you about Wall Street: There’s too much greed. And the fact is, a free enterprise system is a system that’s produced the greatest wealth for the world. But you know Michael Novak, the great Catholic theologian, says that a free enterprise system that is not underlaid with values — and we should all think about the way we conduct our lives — yes, free enterprise is great, profits are great, but there have to be some values that underlay it, and they need a good ethics lesson on Wall Street on a regular basis to keep them in check so we, the people, do not lose.

BAKER: Thank you.

PAUL: Gerard, can I comment…

[crosstalk]

CAVUTO: Senator Cruz — and I will get to you — but, Senator Cruz, on that theme, Facebook data shows that over the last month alone, nearly 1 million people — nearly 1 million — have been concerned about reining in Wall Street, apparently believing that some have not been punished enough.

So, as an accomplished litigator yourself and a former solicitor general, would you go after the very people who believe and fear that Wall Street has ignored, in other words, the crooks that Bernie Sanders say have gotten away with a financial murder?

CRUZ: Absolutely yes. You know, I have spent much of my adult life enforcing the law and defending the Constitution. And the problem that underlies all of this is the cronyism and corruption of Washington.

You know, the opening question Jerry asked, would you bail out the big banks again? Nobody gave you an answer to that. I’ll give you an answer. Absolutely not. [applause]

And what we have right now is we have Washington — as government gets bigger and bigger, you know, the biggest lie in all of Washington and in all of politics is that Republicans are the party of the rich. The truth is, the rich do great with big government. They get in bed with big government. The big banks get bigger and bigger and bigger under Dodd-Frank and community banks are going out of business. And, by the way, the consequence of that is small businesses can’t get business loans, and it is that fundamental corruption that is why six of the 10 wealthiest counties in America are in and around Washington, D.C.

And let me give you a contrast to Washington cronyism. Some weeks ago, a woman named Sabina Loving testified at a hearing that I chaired in the Senate. Sabina Loving is an African-American single mom who started a tax preparation business in the south side of Chicago. She found a store front, she wanted to have her own business. She started a business.

But then the IRS promulgated new regulations targeting tax preparers. They did it under a more than 100-year-old statute called the Dead Horse Act. Now, this statute and the IRS in classic Washington crony fashion had exemptions for lawyers and big fancy accountants, but Sabina had to pay $1,000 an employee. It would have driven her out of business, and Ms. Loving sued the IRS. She took the Obama IRS to court, and she won, and they struck down the rule for picking the big guys over the little guys.

CAVUTO: Senator…[crosstalk]…Senator, I really want to be clear here. Are you saying, sir, that if Bank of America were on the brink, you would let it fail?

CRUZ: Yes. Now, let’s be clear, there is a role for the Federal Reserve — what the Fed is doing now is it is a series of philosopher- kings trying to guess what’s happening with the economy. You look at the Fed, one of the reasons we had the financial crash is throughout the 2000s, we had loose money, we had an asset bubble, it drove up the price of real estate, drove up the price of commodities, and then in the third quarter of 2008, the Fed tightened the money and crashed those asset prices, which caused a cascading collapse. That’s why I am supporting getting back to rules-based monetary system not with a bunch of philosopher-kings deciding, but tied…

[crosstalk]

CAVUTO: Sir, I understand that. I just want to be clear, if you don’t mind, that millions of depositors would be on the line with that decision. And I just want to be clear. If it were to happen again, for whatever the reason, you would let it go, you would let a Bank of America go?

CRUZ: So let me be clear. I would not bail them out, but instead of adjusting monetary policy according to whims and getting it wrong over and over again and causing booms and busts, what the Fed should be doing is, number one, keeping our money tied to a stable level of gold, and, number two, serving as a lender of last resort.

That’s what central banks do. So if you have a run on the bank, the Fed can serve as a lender of last resort, but it’s not a bailout. It is a loan at higher interest rates. That’s how central banks have worked.

And I’ll point out — look, we had a gold standard under Bretton Woods, we had it for about 170 years of our nation’s history, and enjoyed booming economic growth and lower inflation than we have had with the Fed now.

We need to get back to sound money, which helps, in particular, working men and women. What Washington does — the people who are doing well in the Obama economy are those with power and influence in the Obama government. The people who [inaudible] working men and women…

[crosstalk]

KASICH: Neil, that’s the difference of being an executive. And let me just explain: when a bank is ready to go under and depositors are getting ready to lose their life savings, you just don’t say we believe in philosophical concerns. You know what an executive has to decide? When there’s a water crisis, how do we get water to the city? When there’s a school shooting, how do you get there and help heal a community? When there are financial crisis, or a crisis with ebola, you got to go there and try to fix it.

Philosophy doesn’t work when you run something. And I gotta tell you, on-the-job training for president of the United States doesn’t work. We’ve done it for 8 years, — and almost 8 years now. It does not work. [applause]

We need an executive who’s been tried, has been tested, and judge the decisions that that executive makes. I don’t like what the Fed is doing, but I’ll tell you what worries me more than anything else: turning the Fed over to the Congress of the United States…

BARTIROMO: Thank you, governor.

CRUZ: So, Governor Kasich…

KASICH: …so they can print the money. That would be a very bad approach.

BARTIROMO: Senator Rubio.

CRUZ: …why would you then bail out rich Wall Street banks, but not Main street, not Mom and Pop, not Sabina Loving?

KASICH: I wouldn’t. I wouldn’t.

CRUZ: But you just said an executive…

KASICH: No. No, I didn’t say that.

CRUZ: …knows to step in and bail out a bank.

KASICH: They were — they were talking about what you would do with depositors. Would you let these banks shut down?

My argument is, going forward, the banks have to reserve the capital, so that the — so that the people who own the capital start pressuring the banks to not take these risky approaches, Ted.

But at the end of the day…

CRUZ: So you said you’d abandon philosophy and abandon principle…

KASICH: … I’m gonna tell you this. Let me tell you this. If during — if during…

CRUZ: …but what would you do if the bank was failing?

KASICH: …because if during — well, I’ll tell you what (ph). CRUZ: What would you do if the bank was failing?

I would not let the people who put their money in there all go down.

CRUZ: So you — you would bail them out.

KASICH: As an executive — no. As an executive, I would figure out how to separate those people who can afford it versus those people, or the hard-working folks who put those money in those institutions…[booing]… let me — no, no. Let me say another thing. Here’s what I mean by that. Here’s what I mean by that.

UNKNOWN: Oh, great.

KASICH: When you are faced — when you are faced, in the last financial crisis, with banks going under — with banks going under, and people, people who put their — their life savings in there, you got to deal with it. You can’t turn a blind eye to it.

Now, going forward, that’s one thing. If you had another financial crisis, perhaps there would be an effort to make sure that we do (ph).

BARTIROMO: Thank you, Governor Kasich.

FIORINA: Can I just — could I just say, as a chief executive who’s had to make tough calls to save jobs and to grow jobs, I think what’s interesting about Dodd-Frank is it’s a great example of how socialism starts.

Socialism starts when government creates a problem, and then government steps in to solve the problem. Government created the problem. [applause]

Government created the problem of a real estate boom. How did we create it? Under Republican and Democrats alike, Fannie Mae and Freddie Mac, everybody gathered together, Republicans and Democrats, and said, “home ownership is part of the American dream. Let’s create a bubble,” and then government stepped in — by the way, under president George W. Bush, banks were told — encouraged — told, really — to buy other banks, to take money.

And now what do we have with Dodd-Frank? The classic of crony capitalism. The big have gotten bigger, 1,590 community banks have gone out of business, and on top of all that, we’ve created something called the Consumer Financial Production Bureau, a vast bureaucracy with no congressional oversight that’s digging through hundreds of millions of your credit records to detect fraud.

This is how socialism starts, ladies and gentlemen. We must take our government back. [applause]

BARTIROMO: More questions — more questions coming up, when the Republican presidential debate comes right back, live from Milwaukee. Stay with us.

[commercial break]

BARTIROMO: Welcome back to the fourth Republican presidential debate.

Senator Rubio, Hillary Clinton is the clear front runner for the Democratic nomination. If she is indeed the nominee, you will be facing a candidate with an impressive resume.

She was the first lady of the United States, a U.S. senator from New York, and secretary of state under Barack Obama. She has arguably more experience, certainly more time in government than almost all of you on stage tonight.

Why should the American people trust you to lead this country, even though she has been so much closer to the office?

RUBIO: Well, that’s a great question, and let me begin by answering it. [laughter]

This election is about the future, about what kind of country this nation is gonna be in the 21st century. This next (ph) election is actually a generational choice. A choice about what kind of nation we will be in the 21st century.

For over 2.5 centuries, America’s been a special country, the one place on earth where anyone from anywhere can achieve anything, a nation that’s been a force for good on this planet.

But now, a growing number of Americans feel out of place in their own country. We have a society that stigmatizes those that hold cultural values that are traditional.

We have a society where people — millions of people — are living paycheck to paycheck. They’re working as hard as they ever have, but they’re living paycheck to paycheck because the economy has changed underneath their feet.

We have young Americans who owe thousands of dollars in student loans for a degree that doesn’t lead to a job. For the first time in 35 years, we have more businesses dying than starting, and around the world, every day brings news of a new humiliation for America — many the direct response — direct consequence of decisions made when Hillary Clinton was the secretary of the — of state.

And so here’s the truth: this election is about the future, and the Democratic Party, and the political left has no ideas about the future. All their ideas are the same, tired ideas of the past. More government, more spending. For every issue for America, their answer is a new tax on someone, and a new government program. This nation is going to turn the page, and that’s what this election should be about, and, as I said at the first debate… [bell ringing] …If I am our nominee, they will be the party of the past, we will be the party of the 21st century. [cheering]

CRUZ: And, Maria, I will note, she’s got a lot of experience, but her policies have proven disastrous. If you look at foreign policy, every region in the world has gotten worse. Under her leadership, we abandon the nation of Israel. Under her leadership, radical Islamic terrorism has been on to the rise. Under her leadership, and Obama’s leadership, Iran is getting $100 billion dollars, and on the verge of getting a nuclear weapon.

Everything she’s put her hand to, or has touched — and when we talk about the cronyism of Washington, Hillary Clinton embodies the cronyism… [bell ringing] …of Washington. And, I’ll give you an example of that, which is the Congressional exemption from Obamacare, which is fundamentally wrong, and I’ll tell you this, if I’m elected president, I will veto any statute that exempts members of congress. The law should apply evenly to every American. [applause]

CAVUTO: OK, I think it’s fair to say you’re not fans of Hillary Clinton’s resume. Alright, Mr. Trump….

TRUMP: We are not.

CAVUTO: I had a feeling. Perhaps the most successful capitalist on this stage tonight, you’ve acknowledged that some give capitalism a bad name. You’ve been particularly critical of businesses that find all sorts of ways of paying their taxes by keeping money abroad, but your own plan includes an incentive to bring — that more the $2 trillion dollars home.

Isn’t that, like, a one-time bounty…

TRUMP: …No, no, no…

CAVUTO: …Some of the guys you all but call pirates, so they still keep the loot, and pay only a price to bring it back.

TRUMP: Well, what’s happening right now, Neil, is something that not been a subject of conversation by politicians. As primarily the only politician, I guess other than Carly on the stage, they haven’t talked about a corporate inversion. A corporate inversion — companies are leaving. You know, we used to leave New York to go to Florida. We got better taxes, we got, maybe, something else.

Now, they’re the United States to go to other countries. They have trillions of dollars in those other countries. They’re going for two reasons, they can’t get their money back in. It’s something where the democrats and the republicans both agree, it’s the only thing I can think of. They both agree, let the money come back in.

Three and a half years, they still can’t make a deal. They can’t get the money in. It’s probably two and a half trillion, but, I think it’s much more than that. All of that money could become — could come right in and be used to rebuild our country, and investments in our country. They can’t do it. What we have to do, and what I’ve done, is made the tax rate — and one of the reasons they don’t [inaudible] the taxes so obnoxious, they can’t do it.

Where, I made it a 10% number, as you know. I’ve been very highly praised for it. A lot of money’s going to come back in, we’re going to get rid of the bureaucratic problems, and roadblocks, because that’s also a problem. And, we’re going to have all of this money pour back into the United States. It’s going to be used to build businesses, for jobs, and everything else.

And, as I say, my expression is, let’s make America great again. [applause]

BARTIROMO: Senator Paul, you were one of 15 republicans to vote for an amendment which states that human activity contributed to climate change. President Obama has announced an aggressive plan to cut carbon emissions. At the same time, energy production in America has boomed. Is it possible to continue this boom, and move toward energy self-sufficiency, while at the same time pursuing a meaningful climate change program?

PAUL: The first thing I would do as president is repeal the regulations that are hampering our energy that the President has put in place. [applause]

Including the Clean Power Act. While I do think that man may have a role in our climate, I think nature also has a role. The planet’s 4.5 billion years old, we’ve been through geologic age after geologic age. We’ve had times when the temperatures been warmer, we’ve had times when the temperatures been colder. We’ve had times when the carbon in the atmosphere’s been higher. So, I think before we — we need to look before we leap.

President’s often fond of saying he wants a balance solution, but, really we do need to balance both keeping the environment clean, and we will have some rules for that. We got to balance that with the economy.

He’s devastated my state. I say the President’s not only destroying Kentucky, he’s destroying the democrat party down there because nobody wants to associate with him. So, what we really need is somebody that understands that we do need energy of all forms, and that means we will have solar, and wind, and hydro, but we will still have coal, and we still will have natural gas. And, we’ve got to have an all of the above policy.

But, it would be a mistake to shut down all of our industries in the coal fields, and shut down the coal power plants. If we did so we’re going to have a day where we wake up and some of our big cities are either very cold, or very hot. So, I think it’s a big danger, and we shouldn’t do it. And, what we should do is say we want all of the above… [bell ringing] …We want to free up the energy sector, and let people produce, let them drill, let them explore.

BUSH: Maria? [applause]

CRUZ: Maria, critically, when it comes to climate change…

BUSH: …We’ve had a 10% reduction in carbon emissions, and it isn’t because of Solyndra. It isn’t because of the central planners in Washington D.C. It’s because we’ve had a great American success story, the explosion of natural gas.

Taking two existing technologies, and applying it through innovation has created lower carbon emissions, lower energy costs — 40% of all the economic activity in the age of Obama has come from the energy sector, and Hillary Clinton wants to suppress that. We — I think we ought to be expanding this. High growth is the path to lower carbon, and more jobs.

I know for a fact, as Governor of the State of Florida, we created the largest land purchasing programs, and environment clean-up programs because we had a growing economy. Our revenues were growing at 4.4%. It allowed for resources to be able to protect the natural system.

We got to get to a conservation… [bell ringing] …in environmental policy that goes beyond just carbon…

CRUZ: …Our — our…

CAVUTO: …Alright, gentlemen, I know you want to — and I want to, be we also promised to get people home tonight, and we are going to take a quick break here. I think it is fair to say at this juncture that you can discuss these issues, and only business issues, but still keep it interesting. Stick around for these candidates closing statements. [applause]

[commercial break]

BAKER: Welcome back to the Republican presidential debate. And now, candidates, it’s time for your closing statements. You get 30 seconds each, and, Senator Paul, we will begin with you.

PAUL: We’re the richest, freest, most humanitarian nation in the history of mankind. But we also borrow a million dollars a minute. And the question I have for all Americans is, think about it, can you be a fiscal conservative if you don’t conserve all of the money? If you’re a profligate spender, you spend money in an unlimited fashion for the military, is that a conservative notion? We have to be conservative with all spending, domestic spending and welfare spending. I’m the only fiscal conservative on the stage. [applause]

BAKER: Thank you, Senator. Governor Kasich?

KASICH: Well, ladies and gentlemen, if Hillary Clinton or Bernie Sanders were to win this election, my 16-year-olds, I — I worry about what their life is going to be like.

You know, the conservative movement is all about opportunity. It is about lower taxes. It’s about balanced budgets. It’s about less regulation. And it’s about sending power, money and influence back to where we live so we can run America from the bottom up.

In addition to that, once we have the power and the money and the influence with programs we shift out, that each of us have a responsibility to reach out and to rebuild our families, make them stronger, and connect our neighborhoods. All that together — wealth, connection, family — America’s greatest days are ahead. We must win this election. [applause]

BARTIROMO: Carly Fiorina?

FIORINA: Imagine a Clinton presidency. Our military will continue to deteriorate. Our veterans will not be cared for. And, no, Mrs. Clinton, that situation is not exaggerated. The rich will get richer. The poor will get poorer. The middle class will continue to get crushed.

And as bad as that picture is, what’s even worse is that a Clinton presidency will corrode the character of this nation. Why? Because of the Clinton way: Say whatever you have to, lie as long as you can get away with it.

We must beat Hillary Clinton. Carly Fiorina can beat Hillary Clinton. I will beat Hillary Clinton. And under a President Fiorina, we will restore the character of this nation, the security of this nation, the prosperity of this nation, because as citizens, we will take our government back. [applause]

BARTIROMO: Former Governor Jeb Bush?

BUSH: Jane Horton is sitting with my wife here today. Her husband, Chris, was killed in action in Afghanistan. And Jane spends her time now defending and fighting for military families. They’re both heroes.

I don’t think we need an agitator-in-chief or a divider-in-chief. We need a commander-in-chief that will rebuild our military and restore respect to our veterans by revamping and fixing a broken Veterans Administration, That’s my pledge to you. I ask for your support. Thank you. [applause]

BARTIROMO: Senator Ted Cruz?

CRUZ: Fifty-eight years ago, my father fled Cuba. As he stood on the deck of that ferryboat with the wind and salt air blowing, he looked back at the oppression and torture he was escaping. And yet he looked forward to the promise of America. His story is our story. What ties Americans together is we are all the children of those who risked everything for freedom.

America is in crisis now. I believe in America. And if we get back to the free market principles and constitutional liberties that built this country, we can turn this country around. I believe that 2016 will be an election like 1980, that we will win by following Reagan’s admonition to paint in bold colors, not pale pastels. We’re building a grassroots army. I ask you to join us at tedcruz.org. And we, the people, can turn this nation around. [applause]

CAVUTO: Senator Marco Rubio?

RUBIO: Ours — the story of America is an extraordinary story. It is the story of a nation that for over two centuries each generation has left the next better off than themselves. But now, because Washington is out of touch, for the fault of both political parties, for the first time in our history, that is in doubt.

And that is what this election must be about, because if the next four years are anything like the last eight years, our children will be the first Americans ever left worse off by their parents. This election is about making a different choice, about applying our principles of limited government and free enterprise to the unique issues of our time. And if we do, we will not just save the American dream. We will expand it to reach more people and change more lives than ever before. And the 21st century can be a new American century.

So tonight, I ask you for your vote and I ask you to join us at my website, marcorubio.com. [laughter and applause]

BARTIROMO: He’s funny.

CAVUTO: Dr. Ben Carson?

CARSON: In the two hours of this — of this debate, five people have died from drug-related deaths, $100 million has been added to our national debt, 200 babies have been killed by abortionists, and two veterans have taken their lives out of despair. This is a narrative that we can change, not we the Democrats, not we the Republicans, but we the people of America, because there is something special about this nation, and we must embrace it and be proud of it and never give it away for the sake of political correctness. [applause]

CAVUTO: Donald Trump?

TRUMP: Thank you. Over the years, I’ve created tens of thousands of jobs and a great company. It’s a company I’m very proud of. Some of the most iconic assets anywhere in the world. And I will tell you, I don’t have to give you a website because I’m self-funding my campaign. I’m putting up my own money.

I want to do something really special. I want to make our country greater than it’s ever been. I think we have that potential. We cannot lose this election. We cannot let Hillary Clinton, who is the worst secretary of state in the history of our country, win this election.

We will fight. We will win. And we truly will make this even more special. We have to make it better than ever before. And I will tell you, the United States can actually be better than ever before. Thank you.

CAVUTO: Candidates, we want to thank you all. We also appreciate your helping save time by talking over one another at times. That was welcomed. But by all means, it was a very riveting debate. Business issues can be — can be riveting, because it wasn’t about us, it’s about them.

BARTIROMO: Thank you.

CAVUTO: That’ll do it. Thank you for joining us.

 

Full Text Campaign Buzz 2016 October 28, 2015: Third Republican Candidates Debate in Boulder, Colorado Transcript

ELECTION 2016

CAMPAIGN BUZZ 2016

Republican Candidates Debate in Boulder, Colorado
October 28, 2015

Source: UCSB, The American Presidency Project

PARTICIPANTS:
Former Governor Jeb Bush (FL);
Ben Carson;
Governor Chris Christie (NJ);
Senator Ted Cruz (TX);
Carly Fiorina;
Former Governor Mike Huckabee (AR);
Governor John Kasich (OH);
Senator Rand Paul (KY);
Senator Marco Rubio (FL);
Donald Trump;

MODERATORS:
John Harwood (CNBC);
Becky Quick (CNBC); and
Carl Quintanilla (CNBC)

QUINTANILLA: Good evening, I’m Carl Quintanilla, with my colleagues Becky Quick and John Harwood. We’ll be joined tonight by some of CNBC’s top experts on the markets and personal finance.

Let’s get through the rules of the road. Candidates get 30 seconds to answer the opening question, 60 seconds to answer a formal question, 30 seconds for follow-ups and rebuttals, all at the discretion of the moderators.

We want you to weigh in from home. You’ll see your tweets at the bottom of the screen. Use the hashtag, #cNBCgopdebate. You can also go to cNBC.com/vote to tell us where you stand throughout the night.

So let’s introduce the candidates for tonight’s Republican presidential debate. On the stage from left to right, Governor John Kasich. [applause]

Governor Mike Huckabee. [applause]

Governor Jeb Bush. [applause]

Senator Marco Rubio. [applause]

Mr. Donald Trump. [applause]

Dr. Ben Carson. [applause]

Mrs. Carly Fiorina. [applause]

Senator Ted Cruz. [applause]

Governor Chris Christie. [applause] And Senator Rand Paul. [applause]

A lot to get to tonight. So let’s get started. This first is an open question.

This series of debates is essentially a job interview with the American people. And in any job interview, you know this: you get asked, “what’s your biggest weakness?” So in 30 seconds, without telling us that you try too hard or that you’re a perfectionist… [laughter] …what is your biggest weakness and what are you doing to address it? We’ll go left to right. Governor Kasich, 30 seconds.

KASICH: Good question, but I want to tell you, my great concern is that we are on the verge, perhaps, of picking someone who cannot do this job.

I’ve watched to see people say that we should dismantle Medicare and Medicaid and leave the senior citizens out — out in the — in the cold. I’ve heard them talk about deporting 10 or 11 — people here from this country out of this country, splitting families. I’ve heard about tax schemes that don’t add up, that put our kids in — in a deeper hole than they are today.

We need somebody who can lead. We need somebody who can balance budgets, cut taxes…

QUINTANILLA: Governor?

KASICH: You know, frankly, I did it in Washington, in Ohio, and I will do it again in Washington, if I’m president, to get this country moving again.

KASICH: country moving again.

QUINTANILLA: Governor Huckabee.

HUCKABEE: Well, John, I don’t really have any weaknesses that I can think of. [laughter]

But my wife is down here in the front, and I’m sure, if you’d like to talk to her later, she can give you more than you’ll ever be able to take care of.

If I have a weakness, it’s that I try to live by the rules. I try to live by the rules, no matter what they are, and I was brought up that way as a kid. Play by the rules.

And I’ll tell you what a weakness is of this country: there are a lot of people who are sick and tired because Washington does not play by the same rules that the American people have to play by.

QUINTANILLA: Thank you, Governor. Governor Bush.

BUSH: You know, I am by my nature impatient. And this is not an endeavor that rewards that. You gotta be patient. You gotta be — stick with it, and all that.

But also, I can’t fake anger. I believe this is still the most extraordinary country on the face of the Earth. And it troubles me that people are rewarded for tearing down our country. It’s never been that way in American politics before.

I can’t do it. I just don’t believe that this country’s days are going to be deeply — you know, going down. I think we’re on the verge of the greatest time, and I want to fix the things to let people rise up.

QUINTANILLA: Senator Rubio.

RUBIO: Thank you for that question. I would begin by saying that I’m not sure it’s a weakness, but I do believe that I share a sense of optimism for America’s future that, today, is eroding from too many of our people.

I think there’s a sense in this country today that somehow our best days are behind us. And that doesn’t have to be true.

Our greatest days lie ahead if we are willing to do what it takes now. If we’re willing to do what it takes now, the 21st century is going to be the new American century, greater than any other era we’ve had in the history of this great nation.

QUINTANILLA: Mr. Trump?

TRUMP: I think maybe my greatest weakness is that I trust people too much. I’m too trusting. And when they let me down, if they let me down, I never forgive. I find it very, very hard to forgive people that deceived me. So I don’t know if you would call that a weakness, but my wife said “let up.” [laughter]

QUINTANILLA: Dr. Carson?

CARSON: Probably in terms of the applying for the job of president, a weakness would be not really seeing myself in that position until hundreds of thousands of people began to tell me that I needed to do it. I do, however, believe in Reagan’s 11th commandment, and will not be engaging in awful things about my compatriots here.

And recognizing that it’s so important, this election, because we’re talking about America for the people versus America for the government.

QUINTANILLA: Mrs. Fiorina?

FIORINA: Well, gee, after the last debate, I was told that I didn’t smile enough. [laughter]

QUINTANILLA: Fixed it.

FIORINA: But I also think that these are very serious times; 75 percent of the American people think the federal government is corrupt. I agree with them. And this big powerful, corrupt bureaucracy works now only for the big, the powerful, the wealthy and the well-connected. Meantime, wages have stagnated for 40 years. We have more Americans out of work or just Americans who quit looking for work for 40 years.

Ours was intended to be a citizen government. This is about more than replacing a D with an R. We need a leader who will help us take our government back.

QUINTANILLA: Senator Cruz?

CRUZ: I’m too agreeable, easy going. [laughter]

You know, I think my biggest weakness is exactly the opposite. I’m a fighter. I am passionate about what I believe. I’ve been passionate my whole life about the Constitution. And, you know, for six-and-a-half years, we’ve had a gigantic party. If you want someone to grab a beer with, I may not be that guy. But if you want someone to drive you home, I will get the job done and I will get you home.

QUINTANILLA: Governor Christie?

CHRISTIE: I don’t see a lot of weakness on this stage, quite frankly. Where I see the weakness is in those three people that are left on the Democratic stage. You know, I see a socialist, an isolationist and a pessimist. And for the sake of me, I can’t figure out which one is which. [laughter]

But I will — but I will tell you this, the socialist says they’re going to pay for everything and give you everything for free, except they don’t say they’re going to raise it through taxes to 90 percent to do it. The isolationist is the one who wants to continue to follow a foreign policy that has fewer democracies today than when Barack Obama came into office around the world.

But I know who the pessimist is. It’s Hillary Clinton. And you put me on that stage against her next September, she won’t get within 10 miles of the White House. Take it to the bank.

QUINTANILLA: Senator Paul?

PAUL: You know, I left my medical practice and ran for office because I was concerned about an $18 trillion debt. We borrow a million dollars a minute. Now, on the floor of the Congress, the Washington establishment from both parties puts forward a bill that will explode the deficit. It allows President Obama to borrow unlimited amounts of money.

I will stand firm. I will spend every ounce of energy to stop it. I will begin tomorrow to filibuster it. And I ask everyone in America to call Congress tomorrow and say enough is enough; no more debt.

QUINTANILLA: Thanks to all the candidates.

John?

HARWOOD: Mr. Trump, you’ve done very well in this campaign so far by promising to build a wall and make another country pay for it.

TRUMP: Right.

HARWOOD: Send 11 million people out of the country. Cut taxes $10 trillion without increasing the deficit.

TRUMP: Right.

HARWOOD: And make Americans better off because your greatness would replace the stupidity and incompetence of others.

TRUMP: That’s right.

HARWOOD: Let’s be honest. [laughter]

Is this a comic book version of a presidential campaign?

TRUMP: No, not a comic book, and it’s not a very nicely asked question the way you say that.

Larry Kudlow is an example, who I have a lot of respect for, who loves my tax plan. We’re reducing taxes to 15 percent. We’re bringing corporate taxes down, bringing money back in, corporate inversions. We have $2.5 trillion outside of the United States which we want to bring back in.

As far as the wall is concerned, we’re going to build a wall. We’re going to create a border. We’re going to let people in, but they’re going to come in legally. They’re going to come in legally. And it’s something that can be done, and I get questioned about that. They built the great wall of China. That’s 13,000 miles. Here, we actually need 1,000 because we have natural barriers. So we need 1,000.

We can do a wall. We’re going to have a big, fat beautiful door right in the middle of the wall. We’re going to have people come in, but they’re coming in legally. And Mexico’s going to pay for the wall because Mexico — I love the Mexican people; I respect the Mexican leaders — but the leaders are much sharper, smarter and more cunning than our leaders.

And just to finish, people say, how will you get Mexico to pay? A politician other than the people in the states — I don’t want to — a politician cannot get them to pay. I can. We lose, we have a trade imbalance…

Excuse me, John.

… of $50 billion…

HARWOOD: We’re at the 60 seconds.

TRUMP: … believe me the world is peanuts by comparison.

HARWOOD: We’re at 60 seconds, but I gotta ask you, you talked about your tax plan. You say that it would not increase the deficit because you cut taxes $10 trillion in the economy would take off like…

[crosstalk]

HARWOOD: Hold on, hold on. The economy would take off like a rocket ship.

TRUMP: Right. Dynamically.

HARWOOD: I talked to economic advisers who have served presidents of both parties. They said that you have as chance of cutting taxes that much without increasing the deficit as you would of flying away from that podium by flapping your arms.

TRUMP: Then you have to get rid of Larry Kudlow, who sits on your panel, who’s a great guy, who came out the other day and said, I love Trump’s tax plan.

[crosstalk]

HARWOOD: The Tax Foundation says — has looked at all of our plans and — and his creates, even with the dynamic effect, $8 trillion dollar deficit…

QUICK: Gentlemen — we’ll — we’ll get back to this — just a minute — just a minute we’re gonna continue this.

I wanna talk taxes…

QUINTANILLA: Hold it. We’ll cut it back to you in just a minute. Becky’s moving on.

QUICK: Dr. Carson, let’s talk about taxes.

You have a flat tax plan of 10 percent flat taxes, and — I’ve looked at it — and this is something that is very appealing to a lot of voters, but I’ve had a really tough time trying to make the math work on this.

If you were to took a 10 percent tax, with the numbers right now in total personal income, you’re gonna come in with bring in $1.5 trillion. That is less than half of what we bring in right now. And by the way, it’s gonna leave us in a $2 trillion hole.

So what analysis got you to the point where you think this will work?

CARSON: Well, first of all, I didn’t say that the rate would be 10 percent. I used the tithing analogy.

QUICK: I — I understand that, but if you — if you look at the numbers you probably have to get to 28.

CARSON: The rate — the rate — the rate is gonna be much closer to 15 percent.

QUICK: 15 percent still leaves you with a $1.1 trillion hole.

CARSON: You also have to get rid of all the deductions and all the loopholes. You also have to some strategically cutting in several places.

Remember, we have 645 federal agencies and sub-agencies. Anybody who tells me that we need every penny and every one of those is in a fantasy world.

So, also, we can stimulate the economy. That’s gonna be the real growth engine. Stimulating the economy — because it’s tethered down right now with so many regulations…

QUICK: You’d have to cut — you’d have to cut government about 40 percent to make it work with a $1.1 trillion hole.

CARSON: That’s not true.

QUICK: That is true, I looked at the numbers.

CARSON: When — when we put all the facts down, you’ll be able to see that it’s not true, it works out very well.

QUICK: Dr. Carson, thank you.

KASICH: Listen, I want to just comment.

HARWOOD: Governor Kasich, hold it, I’m coming to you right now. The…

KASICH: Well I want to comment on this. This is the fantasy…

HARWOOD: Well, I’m asking you about this.

KASICH: This is the fantasy that I talked about in the beginning.

HARWOOD: I’m about to ask you about this.

That is, you had some very strong words to say yesterday about what’s happening in your party and what you’re hearing from the two gentlemen we’ve just heard from. Would you repeat it?

KASICH: I’m the only person on this stage that actually was involved in the chief architect of balancing the Federal Budget.

You can’t do it with empty promised. You know, these plans would put us trillions and trillions of dollars in debt.

I actually have a plan. I’m the only one on this stage that has a plan that would create jobs, cut taxes, balance the budget and can get it done because I’m realistic. You just don’t make promises like this.

Why don’t we just give a chicken in every pot, while we’re, you know, coming up — coming up with these fantasy tax schemes. We’ll just clean it up. Where are you gonna clean it up?

You have to deal with entitlements, you have to be in a position to control discretionary spending. You gotta be creative and imaginative.

Now, let me just be clear, John. I went into Ohio where we had an $8 billion hole and now we have a $2 billion surplus. We’re up 347,000 jobs.

When I was in Washington, I fought to get the budget balanced. I was the architect. It was the first time we did it since man walked on the moon. We cut taxes and we had a $5 trillion projected surplus when I left.

That’s was hard work. Fiscal discipline, know what you’re doing. Creativity.

This stuff is fantasy. Just like getting rid of Medicare and Medicaid. Come on, that’s just not — you scare senior citizens with that. It’s not responsible.

HARWOOD: Well, let’s just get more pointed about it. You said yesterday that you were hearing proposals that were just crazy from your colleagues.

Who were you talking about?

KASICH: Well, I mean right here. To talk about we’re just gonna have a 10 percent tithe and that’s how we’re gonna fund the government? And we’re going to just fix everything with waste, fraud, and abuse? Or that we’re just going to be great? Or we’re going to ship 10 million Americans — or 10 million people out of this country, leaving their children here in this country and dividing families?

Folks, we’ve got to wake up. We cannot elect somebody that doesn’t know how to do the job. You have got to pick somebody who has experience, somebody that has the know-how, the discipline.

And I spent my entire lifetime balancing federal budgets, growing jobs, the same in Ohio. And I will go back to Washington with my plan.

QUINTANILLA: Governor — Governor. thank you, Governor.

KASICH: And I will have done it within 100 days, and it will pass. And we will be strong again. Thank you.

QUINTANILLA: Mr. Trump, 30 seconds.

TRUMP: First of all, John got lucky with a thing called fracking, OK? He hit oil. He got lucky with fracking. Believe me, that is why Ohio is doing well. Number — and that is important for you to know.

Number two, this was the man that was a managing general partner at Lehman Brothers when it went down the tubes and almost took every one of us with it, including Ben and myself, because I was there and I watched what happened.

And Lehman Brothers started it all. He was on the board. And he was a managing general partner.

And just thirdly, he was so nice. He was such a nice guy. And he said, oh, I’m never going to attack. But then his poll numbers tanked. He has got — that is why he is on the end. [laughter] And he got nasty. And he got nasty. So you know what? You can have him.

[crosstalk]

KASICH: Let me just — let me respond. First of all, Ohio does have an energy industry, but we’re diversified. We’re one of the fastest growing states in the country. We came back from the dead. And you know what? It works very, very well.

And secondly, when you talk about me being on the board of Lehman Brothers, I wasn’t on the board of Lehman Brothers. I was a banker and I was proud of it. And I traveled the country and learned how people made jobs.

We ought to have politicians who not only have government experience but know how the CEOs and the job creators work. My state is doing great across the board. And guess what, in 2011, I got a deal…

QUICK: Governor…

KASICH: … an agreement with the…

[crosstalk]

KASICH: … that he tried to take credit for four years later. It’s a joke.

QUINTANILLA: Thank you, Governor.

QUICK: Dr. Carson, let me get 30 seconds with Dr. Carson…

[crosstalk]

CARSON: Since I was attacked too.

QUICK: Thank you.

CARSON: Let me just say, if you’re talking about an $18 trillion economy, you’re talking about a 15 percent tax on your gross domestic product. You’re talking about $2.7 trillion. We have a budget closer to $3.5 trillion.

But if you also apply that same 15 percent to several other things, including corporate taxes, and including the capital gains taxes, you make that amount up pretty quickly. So that is not by any stretch a pie in the sky.

CRUZ: Becky, if you want a 10 percent flat tax where the numbers add up, I rolled out my tax plan today, you can find it on line at tedcruz.org. It is a simple flat tax where for individuals, a family of four pays nothing on the first $36,000.

After that you pay 10 percent as a flat tax going up. The billionaire and the working man, no hedge fund manager pays less than his secretary.

On top of that, there is a business flat tax of 16 percent. Now that applies universally to giant corporations that with lobbyists right now are not paying taxes, and as small business.

And you wanted to know the numbers, the Tax Foundation, which has scored every one of our plans, shows that this plan will allow the economy to generate 4.9 million jobs, to raise wages over 12 percent, and to generate 14 percent growth.

And it costs, with dynamic scoring, less than a trillion dollars. Those are the hard numbers. And every single income decile sees a double-digit increase in after-tax income.

QUICK: Senator — Senator, thank you.

CRUZ: Growth is the answer. And as Reagan demonstrated, if we cut taxes, we can bring back growth.

QUICK: Gentlemen, I’m sorry, we need to…

[crosstalk]

QUINTANILLA: We’re going to try to move on.

[crosstalk]

FIORINA: Let me just say on taxes, how long have we been talking about tax reform in Washington, D.C.? We have been talking about it for decades. We now have a 73,000-page tax code.

There have been more than 4,000 changes to the tax plan since 2001 alone. There are loads of great ideas, great conservative ideas from wonderful think tanks about how to reform the tax code.

The problem is we never get it done. We have talked about tax reform in every single election for decades. It never happens. And the politicians always say it is so complicated, nobody but a politician can figure it out.

The truth is this, the big problem, we need a leader in Washington who understands how to get something done, not to talk about it, not to propose it, to get it done.

QUINTANILLA: You want to bring 70,000 pages to three?

FIORINA: That’s right, three pages.

QUINTANILLA: Is that using really small type?

FIORINA: You know why three?

QUINTANILLA: Is that using really small type?

FIORINA: No. You know why three? Because only if it’s about three pages are you leveling the playing field between the big, the powerful, the wealthy and the well-connected who can hire the armies of lawyers and accountants and, yes, lobbyists to help them navigate their way through 73,000 pages.

Three pages is about the maximum that a single business owner or a farmer or just a couple can understand without hiring somebody. Almost 60 percent of American people now need to hire an expert to understand their taxes.

So yes, you’re going to hear a lot of talk about tax reform —

QUINTANILLA: Mrs. Fiorina —

FIORINA: — the issue is who is going to get it done.

[crosstalk]

QUINTANILLA: We’re going to —

QUICK: We’re going to move on.

QUINTANILLA: We will come around the bend, i promise. This one is for Senator Rubio. You’ve been a young man in a hurry ever since you won your first election in your 20s. You’ve had a big accomplishment in the Senate, an immigration bill providing a path to citizenship the conservatives in your party hate, and even you don’t support anymore. Now, you’re skipping more votes than any senator to run for president. Why not slow down, get a few more things done first or least finish what you start?

RUBIO: That’s an interesting question. That’s exactly what the Republican establishment says too. Why don’t you wait in line? Wait for what? This country is running out of time. We can’t afford to have another four years like the last eight years.

Watching this broadcast tonight are millions of people that are living paycheck to paycheck. They’re working as hard as they ever have, everything costs more, and they haven’t had a raise in decades.

You have small businesses in America that are struggling. For the first time in 35 years, we have more businesses closing than starting. We have a world that’s out of control and has grown dangerous and a president that is weakening our military and making our foreign policy unstable and unreliable in the eyes of our allies. And our adversaries continue to grow stronger.

We have a — they say there’s no bipartisanship in Washington? We have a $19 trillion bipartisan debt and it continues to grow as we borrow money from countries that do not like us to pay for government we cannot afford.

The time to act is now. The time to turn the page is now. If we — if we don’t act now, we are going to be the first generation in American history that leaves our children worse off than ourselves.

QUINTANILLA: So when the Sun-Sentinel says Rubio should resign, not rip us off, when they say Floridians sent you to Washington to do a job, when they say you act like you hate your job, do you?

RUBIO: Let me say, I read that editorial today with a great amusement. It’s actually evidence of the bias that exists in the American media today.

QUINTANILLA: Well, do you hate your job?

RUBIO: Let me — let me answer your question on the Sun-Sentinel editorial today. Back in 2004, one of my predecessors to the Senate by the name of Bob Graham, a Democrat, ran for president missing over 30 percent of his votes. I don’t recall them calling for his resignation —

QUINTANILLA: Is that the standard?

RUBIO: Later that year, in 2004, John Kerry ran for president missing close to 60 to 70 percent of his votes. I don’t recall the Sun — in fact, the Sun-Sentinel endorsed him. In 2008, Barack Obama missed 60 or 70 percent of his votes, and the same newspaper endorsed him again. So this is another example of the double standard that exists in this country between the mainstream media and the conservative movement. [applause]

QUINTANILLA: Senator, thank you. John.

BUSH: Could I — could I bring something up here, because I’m a constituent of the senator and I helped him and I expected that he would do constituent service, which means that he shows up to work. He got endorsed by the Sun-Sentinel because he was the most talented guy in the field. He’s a gifted politician.

But Marco, when you signed up for this, this was a six-year term, and you should be showing up to work. I mean, literally, the Senate — what is it, like a French work week? You get, like, three days where you have to show up? You can campaign, or just resign and let someone else take the job. There are a lot of people living paycheck to paycheck in Florida as well, they’re looking for a senator that will fight for them each and every day.

RUBIO: I get to respond, right?

QUICK: Thirty seconds.

RUBIO: Well, it’s interesting. Over the last few weeks, I’ve listened to Jeb as he walked around the country and said that you’re modeling your campaign after John McCain, that you’re going to launch a furious comeback the way he did, by fighting hard in New Hampshire and places like that, carrying your own bag at the airport. You know how many votes John McCain missed when he was carrying out that furious comeback that you’re now modeling after?

BUSH: He wasn’t my senator.

RUBIO: No Jeb, I don’t remember — well, let me tell you. I don’t remember you ever complaining about John McCain’s vote record. The only reason why you’re doing it now is because we’re running for the same position, and someone has convinced you that attacking me is going to help you.

BUSH: Well, I’ve been —

RUBIO: Here’s the bottom line. [applause]

I’m not — my campaign is going to be about the future of America, it’s not going to be about attacking anyone else on this stage. I will continue to have tremendous admiration and respect for Governor Bush. I’m not running against Governor Bush, I’m not running against anyone on this stage. I’m running for president because there is no way we can elect Hillary Clinton to continue the policies of Barack Obama.

QUINTANILLA: Thank you, Senator.

TRUMP: I think you’re — [applause]

[crosstalk]

HARWOOD: Hold on. I think there’s a — I’ve got question for —

[crosstalk]

KASICH: John Harwood, there’s a bigger issue here.

HARWOOD: Hold on, Governor. I’ve got a question for Governor Bush.

[crosstalk]

HARWOOD: No, we’re moving to Governor Bush. Governor, the fact that you’re at the fifth lectern tonight shows how far your stock has fallen in this race, despite the big investment your donors have made.

You noted recently, after slashing your payroll, that you had better things to do than sit around and be demonized by other people. I wanted to ask you —

BUSH: No, no. What I said was I don’t believe that I would be president of the United States and have the same dysfunction that exists in Washington, D.C. now.

HARWOOD: OK.

BUSH: Don’t vote for me if you want to keep the gridlock in Washington, D.C.

HARWOOD: Got it.

BUSH: But if you want someone who has a proven, effective leadership, that was a governor of a state, that transformed the culture there, elect me so I can fight for the American people and change the culture in Washington, D.C.

HARWOOD: But it’s a — OK. It’s a — it’s a question about why you’re having difficulty. I want to ask you in this context.

Ben Bernanke, who was appointed Fed chairman by your brother, recently wrote a book in which he said he no longer considers himself a Republican because the Republican Party has given in to know- nothingism. Is that why you’re having a difficult time in this race?

BUSH: [inaudible], the great majority of Republicans and Americans believe in a hopeful future. They don’t believe in building walls and a pessimistic view of the future.

They’re concerned that Washington is so dysfunctional it is holding them back. There are lids on people’s aspirations. Think about it: six and a half million people working part-time. Workforce participation rates lower than they were in 1977.

Six million more people living in poverty than the day that Barack Obama got elected president, and the left just wants more of the same. We have to offer a compelling alternative that is based on hope and optimism and grounded in serious policy, which I’ve laid out.

And you can go get it at jeb2016.com.

HARWOOD: Thank you, Governor.

[crosstalk]

HARWOOD: We’re gonna get down the line. Becky’s got a question.

QUICK: We’ll get to everyone.

Ms. Fiorina, I — I’d like to ask you a question. You are running for president of the United States because of your record running Hewlett-Packard. But the stock market is usually a fair indicator of the performance of a CEO, and the market was not kind to you.

Someone who invested a dollar in your company the day you took office had lost half of the dollar by the day you left. Obviously, you’ve talked in the past about what a difficult time it was for technology companies, but anybody who was following the market knows that your stock was a much worse performer, if you looked at your competitors, if you looked at the overall market.

I just wonder, in terms of all of that — you know, we look back, your board fired you. I just wondered why you think we should hire you now.

FIORINA: You know, the NASDAQ dropped 80 percent — 80 percent — and it took 15 years for the NASDAQ to recover. I was recruited to H.P. to save a company.

It was a company that had grown into a bloated, inept bureaucracy that cost too much and delivered too little to customers and shareholders. It had missed, before I had arrived, expectations for nine quarters in a row.

As an outsider, I tackled H.P.’s entrenched problems head-on. I cut the bureaucracy down to size, re-introduced accountability, focused on service, on innovation, on leading in every market, in every product segment.

And yes, it was a very difficult time. However, we saved 80,000 jobs and we went on to grow to 160,000 jobs, and scores of technology companies literally went out of business — like Gateway — taking all their jobs with them.

The truth is I had to make some tough calls in some tough times. I think, actually, people are looking for that in Washington now. And yes, I was fired over a disagreement in the boardroom. There are politics in the boardroom as well.

And yet the man who led my firing, Tom Perkins, an icon of Silicon Valley, has come out publicly and said, “you know what? We were wrong. She was right. She was a great CEO. She’d be a great president of the United States because the leadership she brought to H.P. is exactly the leadership we need in Washington, D.C.

QUICK: Mrs. Fiorina, it’s interesting that you bring up Mr. Perkins, because… [applause] …he said a lot of very questionable things. Last year, in an interview, he said that he thinks wealthy people should get more votes than poor people.

I think his quote was that, “if you pay zero dollars in taxes, you should get zero votes. If you pay a million dollars, you should get a million votes.” Is this the type of person you want defending you?

FIORINA: Well, this is one of the reasons why Tom Perkins and I had disagreements in the boardroom, Becky. [laughter]

Nevertheless, one of the things that I think people don’t always understand is how accountable a CEO actually is.

So you know, I had to report results every 90 days in excruciating detail. I had to answer every single question about every single result and every single projection in public until there were no more questions.

And if I misrepresented those results or those projections in any way, I was held criminally liable. Imagine — imagine — if a politician were held to that standard of account.

I will run on my record all day long. [applause]

And I believe people need a leader who is prepared to make tough calls in tough times and stand up…

QUICK: Mrs. Fiorina.

FIORINA: …and be held accountable.

QUICK: Thank you, we’re out of time. Thank you, Mrs. Fiorina.

Carl.

QUINTANILLA: Senator Cruz. Congressional Republicans, Democrats and the White House are about to strike a compromise that would raise the debt limit, prevent a government shutdown and calm financial markets that fear of — another Washington-created crisis is on the way.

Does your opposition to it show that you’re not the kind of problem-solver American voters want?

CRUZ: You know, let me say something at the outset. The questions that have been asked so far in this debate illustrate why the American people don’t trust the media. [applause] This is not a cage match. And, you look at the questions — “Donald Trump, are you a comic-book villain?” “Ben Carson, can you do math?” “John Kasich, will you insult two people over here?” “Marco Rubio, why don’t you resign?” “Jeb Bush, why have your numbers fallen?”

How about talking about the substantive issues the people care about? [applause]

QUINTANILLA: [inaudible] do we get credit [inaudible]?

CRUZ: And Carl — Carl, I’m not finished yet.

The contrast with the Democratic debate, where every fawning question from the media was, “Which of you is more handsome and why?” [laughter]

And let me be clear.

[crosstalk]

QUINTANILLA: So, this is a question about [inaudible], which you have 30 seconds left to answer, should you choose to do so.

CRUZ: Let me be clear. The men and women on this stage have more ideas, more experience, more common sense than every participant in the Democratic debate. That debate reflected a debate between the Bolsheviks and the Mensheviks. [laughter]

And nobody watching at home believed that any of the moderators had any intention of voting in a Republican primary. The questions that are being asked shouldn’t be trying to get people to tear into each other. It should be what are your substantive positions…

[crosstalk]

QUINTANILLA: OK. [inaudible] I asked you about the debt limit and I got no answer.

[crosstalk]

CRUZ: You want me to answer that question? I’m happy to answer the question…

[crosstalk]

CRUZ: Let me tell you how that question…

[crosstalk]

CRUZ: Let me tell you how that question…

[crosstalk]

HARWOOD: Senator Paul, I’ve got a question for you on the same subject.

CRUZ: … so you don’t actually want to hear the answer, John?

HARWOOD: Senator Paul?

CRUZ: You don’t want to hear the answer. You just want to…

[crosstalk]

HARWOOD: You used your time on something else.

Senator Paul?

CRUZ: You’re not interested in an answer.

[crosstalk]

HARWOOD: Senator Paul, the budget deal crafted by Speaker Boehner and passed by the House today makes cuts in entitlement programs, Medicare and Social Security disability, which are the very programs conservatives say need cutting to shrink government and solve our country’s long-term budget deficit. Do you oppose that budget deal because it doesn’t cut those programs enough?

PAUL: No, I oppose it because you’re taking money from the entitlement and then spending it immediately on other items. That’s what they’re doing. They’re taking money from Social Security and they’re going to spend it on the military and they’re going to spend it on domestic spending.

Here’s the thing. When you look at raising the debt limit, it should be leverage to try to reform government. In 2011, the sequester was passed as a reform to slow down the rate of government. Instead, the Washington establishment raised both. We raised the military spending, took from entitlements, and raised domestic spending and the deficit will explode under this. This is the unholy alliance that people need to know about between right and left. Right and left are spending us into oblivion. We should use the debt ceiling, as precisely to Don, to force upon them budgetary reforms.

HARWOOD: Senator, if what you just said is true, why did Speaker Boehner craft this deal and why did Paul Ryan, who has a strong reputation for fiscal discipline, vote for it?

PAUL: Well, that’s a real question. Is there going to be any change in the House with new leadership? I frankly don’t think there will be much change because I think what’s going to happen is you’re going to get more of the same. People in Washington think they were sent there to be adults and govern and do all this. Well, you know what I’m worried about? Not keeping the government open. I’m worried about bankrupting the American people.

We’re borrowing a million dollars a minute. That is important. And that’s what we have to contrast. Keeping the government open and continuing to borrow a million dollars a minute.

[crosstalk]

HARWOOD: Thank you, Senator [inaudible].

QUICK: Governor Christie, I’d like to [inaudible] a question next. Actually, I have a question for you [inaudible].

In your tell it like it is campaign, you’ve said a lot of tough things. You’ve said that we need to raise the retirement age for Social Security. You think that we need to cut benefits for people who make over $80,000 and eliminate them entirely for seniors who are making over $200,000.

Governor Huckabee, who is here on the stage, has said that you and others who think this way are trying to rob seniors of the benefits that they’ve earned. It raises the question: When it is acceptable to break a social compact?

CHRISTIE: Well, I wish you would have asked that question years ago when they broke it. I mean, let me be honest with the people who are watching at home. The government has lied to you and they have stolen from you. They told you that your Social Security money is in a trust fund. All that’s in that trust fund is a pile of IOUs for money they spent on something else a long time ago.

And they’ve stolen from you because now they know they cannot pay these benefits and Social Security is going to be insolvent in seven to eight years. We’re sitting up here talking about all these other things; 71 percent of federal spending today is on entitlements, and debt service. And, that’s with zero percent interest rates.

Now, I’m the only person that’s put out a detailed plan on how to deal with entitlements. And we’ll save a trillion dollars over the next 10 years. And, here’s the difference between me and Hillary Clinton. What Hillary Clinton’s going to say, and has said before is, she wants to raise Social Security taxes.

Now, let me ask you a question everybody, and, this is for the guy, you know, who owns a landscaping business out there. If somebody’s already stolen money from you, are you going to give them more? Or, are you going to deal with the problem by saying, I’m going to give people who’ve done well in this country less benefit on the backend. We need to get realistic about this. We’re not — the American people — forget about anything else, they’ve already been lied to and stolen from. And…

QUICK: …Governor…

CHRISTIE: …I’m going to go to Washington to stop it…

QUICK: …Thank you.

QUINTANILLA: We promised we would get to everyone this block. Governor Huckabee, I’m going to give you 60 seconds on this.

HUCKABEE: Well, I would really appreciate that. First of all, yes, we’ve stolen. Yes, we’ve lied to the American people about Social Security, and Medicare.

But, you know what we’re not telling them? It’s their money. This isn’t the governments money. This is not entitlement, it’s not welfare. This is money that people have confiscated out of their paychecks. Everytime they got a paycheck, the government reached in and took something out of it before they ever saw it. Now, we’re going to blame the people.

Today congress decided to take another $150 billion dollars away from Social Security so they can borrow more money. That makes no sense to everybody. And, they’re always going to say, “Well, we’re going to fix this one day.”

No their not. It’s like a 400 pound man saying, “I’m going to go on a diet, but I’m eating a sack of Krispy Kremes before I do.”

And, people are sick of believing that the government is never going to really address this. But, let me tell you who not to blame. Let’s quit blaming the people on Social Security. Let’s quit making it a problem for them. It’s like them getting mugged, and then us saying, well, we’re going to mug you some more. You ought to just be able to get over it, get used to it…

QUINTANILLA: …Governor…

HUCKABEE: …No, sir…

QUINTANILLA: …Thank you, Governor…

HUCKABEE: …we need to honor our promises…

[crosstalk]

QUINTANILLA: …Senator Cruz…

HUCKABEE: …before I go. This is the only time I’ve had a chance, let me finish.

QUINTANILLA: OK, alright.

HUCKABEE: …This is a matter not of math, this is a matter of morality. If this country that does not keep its promise to seniors then what promise can this country hope to be trusted to keep? And, the fact is, none of them.

[crosstalk]

[UNKNOWN]: And, by the way, Carl… [applause]

HUCKABEE: And, the only way — no…

[crosstalk]

CHRISTIE: …The only way we’re going to be morale, the only way we’re going to keep our promise to seniors is start by following the first rule we should all follow, which is to look at them, treat them like adults, and tell them the truth.

It isn’t there anymore, Mike. They stole it. It got stolen from them. It’s not theirs anymore. The government stole it, and spent it a long time ago…

HUCKABEE: …Chris…

CHRISTIE: So, let’s stop fooling around about this, let’s tell people the truth. For once, let’s do that, and stop trying to give them some kind of fantasy that’s never going to come true.

QUINTANILLA: Senator Cruz…

HUCKABEE: …Chris…

QUINTANILLA: …Before we go to break, we’re clearly not having that beer you mentioned, but I’ll give you 30 more seconds…

CRUZ: …Then I’ll buy you a tequila…

QUINTANILLA: OK.

CRUZ: …Or, even some famous Colorado brownies.

QUINTANILLA: I’ll give you 30 seconds to respond…[cheering] [inaudible]

HUCKABEE: Since he brought me up, do I not get to respond?

QUINTANILLA: Respond on the debt limit, or an answer to the governor, which ever you choose.

CRUZ: Well, sure. This deal in Washington is an example of why Washington’s broken. Republican leadership joined with every single Democrat, add $80 trillion to our debt to do nothing to fix the problems.

And, let me now on Social Security because we were getting into a good substantive exchange, and I want to say I think both Chris, and Mike are right. Governor Huckabee’s exactly right, we need to honor the promises made to our seniors, but for younger workers — look. I’m 44 years old.

It is hard to find someone in my generation that thinks Social Security will be there for us. We can save and preserve and strengthen Social Security by making no changes for seniors, but for younger workers gradually increasing the retirement age, changing the rate of growth so that it matches inflation, and critically allowing younger workers to keep a portion of our tax payments in a personal account that we own, we control them, we can pass on to our kids.

QUINTANILLA: 30 seconds, Governor Huckabee.

HUCKABEE: John, listen, let’s keep in mind that for one-third of the 60 million Americans on Social Security it represents 90 percent of their income. And, when I hear people talking about means testing, let’s just remember what that means. If we means test Social Security, it means that the government decides whether or not I deserve it. If a person lives in a seven room house, does the government get to say you don’t need seven rooms, we’re going to take two of them away?

Folks, the government has no business stealing even more from the people who have paid this in. I just want to remind you, people paid their money. They expect to have it. And, if this government doesn’t pay it, than tell me what’s different between the government and Bernie Madolf, who sits in prison today for doing less than what the government has done to the people on social security and Medicare in this country. [applause]

QUINTANILLA: Governor, thank you. We will take a break. The Republican Presidential debate, live from Boulder, Colorado, coming back after a break on CNBC. [applause]

[commercial break]

QUICK: Welcome back to the presidential debate for the Republicans. We are live in Boulder, Colorado, right here on CNBC.

Folks, we’ll get right back into this.

Mr. Trump, let’s talk a little bit about bankruptcies. Your Atlantic City casinos filed for bankruptcy four times. In fact, Fitch, the ratings agency, even said that they were serial filers for all of this. You said that you did great with Atlantic City, and you did. But some of the individuals — the bondholders, some of the contractors who worked for you, didn’t fare so well.

Bankruptcy is a broken promise. Why should the voters believe the promises that you’re telling them right now?

TRUMP: Well, first of all, like many other very big businessmen, I could name them here, but I’m not going to do that for a lot of obvious reasons, but the biggest, and almost all of them, they’ve all used the chapter laws, the bankruptcy laws to their own benefit.

Before this, I was a very successful person as a developer and as a businessman. Atlantic City has gone bad. I mean, Chris will know about that. I’m not blaming Chris, by the way, but he will know about that. Caesar’s — excuse me — Caesar’s, the Rolls-Royce, as you know, is in bankruptcy. Almost every hotel in Atlantic City has either been in bankruptcy or will be in bankruptcy — the biggest.

But also the biggest people (ph) — now I’ve used that to my advantage as a business man, for my family, for myself. I never filed for bankruptcy. But many, many people did. What happened with Atlantic City is very, very disgraceful.

Now hundreds of companies I’ve opened. I’ve used it three times, maybe four times. Came out great. But I guess I’m supposed to come out great. That is what I could do for the country. We owe $19 trillion, boy am I good at solving debt problems. Nobody can solve it like me.

But I will tell you this, Atlantic City, you’re using that, hundreds of companies that I have opened have thrived. I built a net worth of way over $10 billion, and I have done it four times out of hundreds. And I’m glad I did it.

I used the laws of the country to my benefit, I’m sorry.

QUICK: Mr. Trump, thank you.

TRUMP: Thank you.

CRAMER: Dr. Carson, in recent weeks, a number of pharmaceutical companies has been accused of profiteering, for dramatically raising the prices of life-saving drugs. You have spent a lifetime in medicine.

Have these companies gone too far? Should the government be involved in controlling some of these price increases?

CARSON: Well, there is no question that some people go overboard when it comes to trying to make profits, and they don’t take into consideration the American people. What we have to start thinking about, as leaders, particularly in government, is what can we do for the average American? And you think about the reasons that we’re having such difficulty right now with our job market.

Well, the average small manufacturer, whatever they’re manufacturing, drugs or anything, if they have less than 50 employees, the average cost in terms of regulations is $34,000 per employee. Makes it a whole lot easier for them to want to go somewhere else.

So what we’re going to have to start doing instead of, you know, picking on this group or this group, is we’re going to have to have a major reduction in the regulatory influence that is going on.

The government is not supposed to be in every part of our lives, and that is what is causing the problem.

CRAMER: Thank you, Dr. Carson.

Governor Christie, there has been a lot of political rhetoric that some bank executives should have gone to jail for the 2008 financial crisis.

But General Motors paid more than $1 billion in fines and settlements for its ignition switch defect. One hundred and twenty- four people died as a result of these faulty switches. No one went to jail.

As a former prosecutor, do you believe the people responsible for the switch and the cover-up belong behind bars?

CHRISTIE: You bet they do. And if I were the prosecutor, that is exactly where they would be. The fact is that this Justice Department under this president has been a political Justice Department.

It has been a Justice Department that decided that they want to pick who the winners and losers are. They like General Motors, so they give them a pass. They don’t like somebody else like David Petraeus, they prosecute them and send a decorated general on to disgrace. It’s a political Justice Department.

And, Jim, you know full well that in the seven years I was U.S. attorney we went after pharmaceutical companies. We went after companies that were ripping off shareholders. We went after companies that were doing things that were against the law.

And to expand on Mr. Carson’s — or Dr. Carson’s question, let’s face it, we have laws already. We don’t need newer (ph) laws. We don’t need Hillary Clinton’s price controls for — again, does anybody out there think that giving Washington, D.C., the opportunity to run the pharmaceutical industry is a good idea, given how well they have done running the government?

So what we do, though, is, if there is somebody who is price- gouging, we have laws for prosecutors to take that on. Let’s let a Justice Department — and I will make an attorney general who will enforce the law and make justice more than just a word. It will be a way of life.

CRAMER: Thank you, Governor Christie.

HARWOOD: Jim, thanks.

Governor Bush, in a debate like this four years ago, every Republican running for president pledged to oppose a budget deal containing any tax increase even if it had spending cuts ten times as large.

A few months later, you told Congress, put me in, coach, you said you would take that deal. Still feel that way?

BUSH: Well, the deal was done. Barack Obama got his massive tax increase, and there was no spending cuts. You just see the recent deal announced today or yesterday, more spending, more tax increasing, more regulation. And now we have to accept 2 percent, the new normal for economic growth.

And the net result is the middle class has $2,300 less in their pockets than the day that Barack Obama got elected president. And now they see Hillary Clinton proposing a third term of economic policy for our country.

We need to reverse that. And my record was one of cutting taxes each and every year. You don’t have to guess about it, because I actually have a record. $19 billion of tax cuts, 1.3 million jobs created. We were one of two states to go to AAA bond rating, and our government spending was far less than the spending in people’s income.

HARWOOD: But to — to the point that you made to Congress, if you were president and you were offered a bipartisan deal that had one dollar…

BUSH: You find me…

HARWOOD: …one dollar of tax increases per ten dollars of spending cuts, would you take it?

BUSH: You find me a Democrat — you find me a Democrat that will cut spending ten dollars? Heck, find me a Republican in Congress that would cut spending ten dollars. I’ll talk to them.

HARWOOD: So you don’t want the coach to put you in any more?

BUSH: Look, the — the deal is already done. The biggest tax increase happened under the watch of Barack Obama, and spending’s gone up. You find a Democrat that’s for cutting taxes — cutting spending ten dollars, I’ll give them a warm kiss. [laughter]

HARWOOD: Thank you, governor.

Carl?

QUINTANILLA: Mrs. Fiorina, in 2010, while running for Senate in Tech Ridge (ph), California, you called an Internet sales tax a bad idea. Traditional brick and mortar stores obviously disagree. Now that the Internet shopping playing field has matured, what would be a fair plan to even that playing field?

FIORINA: You know, I want to go back for a moment to what we were just talking about. Crony capitalism is alive and well, and has been so in Washington, D.C. for decades.

What’s crony capitalism? Crony capitalism is what happens when government gets so big and so powerful that only the big and the powerful can handle it.

So why are the pharmaceutical companies consolidating? Why are there five even bigger Wall Street banks now, instead of the ten we used to have on Wall Street? Because when government gets big and powerful, the big feel like they need to get even bigger to deal with all that power, and meanwhile, the small and the powerless — in this case, 1,590 community banks — go out of business.

You see, folks, this is how socialism starts. Government causes a problem, and then government steps in to solve the problem. This is why, fundamentally, we have to take our government back.

The student loan problem has been created by government. Government trying to level the playing field between Internet and brick-and-mortar creates a problem. The FCC jumping in now and saying, “we’re going to put 400 pages of regulation over the Internet,” is going to create massive problems.

But guess who pushed for that regulation? The big Internet companies. This is what’s going on. Big and powerful use big and powerful government to their advantage.

It’s why you see Walgreens buying Rite Aid. It’s why you see the pharmaceuticals getting together. It’s you see the health insurance companies getting together. It’s why you see the banks consolidating.

And meanwhile, small businesses are getting crushed. Community- based businesses and farms are getting crushed. Community banks are going out of business. Big government favors the big, the powerful, the wealthy and the well-connected, and crushes the small and the powerless.

QUINTANILLA: Mrs. Fiorina.

FIORINA: It is why we have to simplify. It is why we have to reduce the size and power of government.

QUINTANILLA: OK.

FIORINA: It’s the only way to level the playing field between big and powerful and small and powerless.

QUINTANILLA: Thank you very much. [applause]

QUICK: Senator Rubio, you yourself have said that you’ve had issues. You have a lack of bookkeeping skills. You accidentally inter-mingled campaign money with your personal money. You faced (ph) foreclosure on a second home that you bought. And just last year, you liquidated a $68,000 retirement fund. That’s something that cost you thousands of dollars in taxes and penalties.

In terms of all of that, it raises the question whether you have the maturity and wisdom to lead this $17 trillion economy. What do you say?

RUBIO: Well, you just — you just listed a litany of discredited attacks from Democrats and my political opponents, and I’m not gonna waste 60 seconds detailing them all. But I’m going to tell you the truth.

Here’s the truth. I didn’t inherit any money. My dad was a bartender, my mother was a maid. They worked hard to provide us the chance at a better life.

They didn’t save enough money for us to go to school. I had to work my way through school. I had to borrow money to go to school. I tried (ph), early in my marriage, explaining to my wife why someone named Sallie Mae was taking $1,000 out of our bank account every month. [laughter]

I know what it’s like to owe that money, and we’ve worked hard. We’ve worked hard our whole life to provide a better family — a better life for our family.

We own a home four blocks away from the place that I grew up in. My four children have been able to receive a good Christian education, and I’ve been able to save for them to go to college so they never have to have the loans that I did.

But I’m not worried about my finances, I’m worried about the finances of everyday Americans who today are struggling in an economy that is not producing good paying jobs while everything else costs more. And that’s what this economy needs to — that’s what this debate needs to be about.

This debate needs to be about the men and women across this country that are struggling on a daily basis to provide for their families the better future that we’ve always said this country is all about.

QUICK: Senator, I understand all of that. I had a lot of student loans when I got out, too. But you’ve had a windfall that a lot of Americans haven’t. You made over a million dollars on a book deal, and some of these problems came after that.

RUBIO: And I used it to pay off my loans. And it’s available on paperback, if you’re interested in buying my book. [applause]

QUICK: But you — but you liquidated that retirement account after the fact, and that cost you about $24,000 out of that in taxes and feed. That — that was after you’d already come into that windfall. That’s why I raised the question.

RUBIO: Yeah, again, as I said, we’re raising a family in the 21st century and it’s one of the reasons why my tax plan is a pro- family tax plan.

It increases the per child tax credit, because I didn’t read about this in a book. I know for a fact how difficult it is to raise children, how expensive it’s become for working families. And I make a lot more than the average American. Imagine how hard it is for these people out there that are making 40, 50, $60,000 a year, and they’re trying to provide for their families at a time when this economy is not growing.

We can’t afford another four years of that. Which is what we’re gonna get if we elect a big government liberal like Hillary Clinton to the White House.

Thank you, senator.

HARWOOD: Governor John Kasich, you’ve called for abolishing the Export Import Bank, which provides subsidies to help American companies compete with overseas competitors. You call that corporate welfare.

One of the largest newspapers in your state wrote an editorial, said they found that strange, writing, that if that’s corporate welfare, what does Kasich call the millions of dollars in financial incentives doled out to attract or retain jobs by his development effort — jobs Ohio.

If subsidies are good enough for Ohio companies, why aren’t they good enough for companies trying to compete overseas?

KASICH: Well, first of all, when we talk about the Import Export Bank, it’s time to clean up corporate welfare. If we’re gonna reform welfare for poor people, we ought to reform it for rich people, as well. Secondly, in our state, we went from a loss of 350,000 jobs to, now, a gain of 347,000 jobs to the positive. Our wages are growing faster than the national average, and I’ve cut taxes more than any sitting governor in this state — $5 billion, including no taxes on small business and killing the death tax.

I want to go back to what we were talking about earlier, this budget deal in Washington.

This is the same old stuff since I left.

You spend the money today and then you hope you’re going to save money tomorrow.

I don’t know if people understand, but I spent a lifetime with my colleagues getting us to a federal balanced budget. We actually did it. And I have a road map and a plan right now to get us to balance.

Reforming entitlements, cutting taxes. You see, because if you really want to get to a balanced budget, you need to reduce your expenses and you need to grow your economy. So what I will tell you about our incentives — our incentives are tight, and at the end of the day we make sure that we gain more from the creation of jobs than what we lose.

And you know what? Ohio, one of the best growing places in the country — I not only did it in Washington, I did it in Ohio, and I’ll go back to Washington, and there will be no more silly deals…

HARWOOD: Thank you, Governor.

KASICH: … If I become President because we’ll have a Constitutional Amendment to require a federally balanced budget so they will do their job.

HARWOOD: Thank you, Governor. Thank you.

QUICK: Yes, thank you John.

Senator Cruz, working women in this country still earn just 77 percent of what men earn. And I know that you’ve said you’ve been very sympathetic to our cause. But you’ve also you said that the Democrats’ moves to try and change this are the political show votes.

I just wonder what you would do as President to try and help in this cause?

CRUZ: Well, we’ve gotta turn the economy around for people who are struggling.

The Democrats’ answer to everything is more government control over wages, and more empowering trial lawyers to file lawsuits.

You know, you look at women working. I’ll tell you, in my family there are a lot of single moms in my family. My sister was a single mom, both of my aunts who were a single moms. My mom who’s here today, was a single mom when my father left us when I was 3 years old.

Now, thank God, my father was invited to a Bible study and became born again and he came back to my mom and me and we were raised together. But I — the struggle of single moms is extraordinary. And you know, when you see Hillary Clinton and Bernie Sanders and all the Democrats talking about wanting to address the plight of working women, not a one of them mentioned the fact that under Barack Obama, 3.7 million women have entered poverty.

Not a one of them mentioned the fact that under Barack Obama and the big government economy, the median wage for women has dropped $733. The the truth of the matter is, big government benefits the wealthy, it benefits the lobbyists, it benefits the giant corporations. And the people who are getting hammered are small businesses, it’s single moms, it’s Hispanics. That is who I’m fighting for. The people that Washington leaves behind.

[crosstalk]

FIORINA: Becky, it is the height of hypocrisy for Mrs. Clinton to talk about being the first woman President, when every single policy she espouses, and every single policy of President Obama has been demonstrably bad for women.

92 percent — 92 percent of the jobs lost during Barack Obama’s first term belonged to women. Senator Cruz is precisely right. Three million women have fallen into poverty under this administration. The number of women —

QUICK: Mrs. Fiorina —

FIORINA: — living in extreme poverty is the highest level on record. I am a conservative because I know our values, our principles and our policies —

QUICK: Mrs. Fiorina, we will come back to you.

FIORINA: — work better to lift everyone up, men and women.

QUICK: Thank you, Mrs. Fiorina. Carl? [applause]

QUINTANILLA: Dr. Carson, we know you as a physician, but we wanted to ask you about your involvement on some corporate boards, including Costco’s. Last year, a marketing study called the warehouse retailer the number one gay-friendly brand in America, partly because of its domestic partner benefits.

Why would you serve on a company whose policies seem to run counter to your views on homosexuality?

CARSON: Well, obviously, you don’t understand my views on homosexuality. I believe that our Constitution protects everybody, regardless of their sexual orientation or any other aspect. I also believe that marriage is between one man and one woman. And there is no reason that you can’t be perfectly fair to the gay community.

They shouldn’t automatically assume that because you believe that marriage is between one man and one woman that you are a homophobe. And this is one of the myths that the left perpetrates on our society, and this is how they frighten people and get people to shut up. You know, that’s what the PC culture is all about, and it’s destroying this nation.

The fact of the matter is we the American people are not each other’s enemies, it’s those people who are trying to divide us who are the enemies. And we need to make that very clear to everybody. [applause]

QUINTANILLA: One more question. This is a company called Mannatech, a maker of nutritional supplements, with which you had a 10-year relationship. They offered claims that they could cure autism, cancer, they paid $7 million to settle a deceptive marketing lawsuit in Texas, and yet you’re involvement continued. Why?

CARSON: Well, that’s easy to answer. I didn’t have an involvement with them. That is total propaganda, and this is what happens in our society. Total propaganda.

I did a couple of speeches for them, I do speeches for other people. They were paid speeches. It is absolutely absurd to say that I had any kind of a relationship with them.

Do I take the product? Yes. I think it’s a good product.

QUINTANILLA: To be fair, you were on the homepage of their website with the logo over your shoulder —

CARSON: If somebody put me on their homepage, they did it without my permission.

QUINTANILLA: Does that not speak to your vetting process or judgment in any way.

CARSON: No, it speaks to the fact that I don’t know those —

[audience boos]

See? They know. [applause]

QUINTANILLA: Apparently. We will take a break. We’ll be back in Boulder in just a minute.

[commercial break]

HARWOOD: Welcome back to the Republican presidential debate on CNBC, live from Boulder, Colorado at the University of Colorado.

Senator Huckabee, I mean — excuse me — Senator Rubio, Wired magazine recently carried the headline, “Marco Rubio wants to be the tech industry’s savior.” It noted your support for dramatically increasing immigration visas called H1B, which are designed for workers with the special skills that Silicon Valley wants.

But your Senate colleague, Jeff Sessions of Alabama, says in reality, the tech industry uses this program to undercut hiring and wages for highly qualified Americans. Why is he wrong?

RUBIO: Well, first of all, if a company gets caught doing that, they should never be able to use the program again. If you get caught abusing this program, you should never be able to use it again.

The second thing I said is we need to add reforms, not just increase the numbers, but add reforms. For example, before you hire anyone from abroad, you should have to advertise that job for 180 days. You also have to prove that you’re going to pay these people more than you would pay someone else, so that you’re not undercutting it by bringing in cheap labor.

But here’s the best solution of all. We need to get back to training people in this country to do the jobs of the 21st century. Why, for the life of me, I do not understand why did we stop doing vocational education in America, people that can work with their hands; people you can train to do this work while they’re still in high school so they can graduate ready to go work. But the best way to close this gap is to modernize higher education so Americans have the skills for those jobs. But in the interim, in the absence of that, what’s happening is some of these tech companies are taking those — those centers (ph) to Canada because they can get people to go over there instead of here.

But the ideal scenario is to train Americans to do the work so we don’t have to rely on people from abroad.

HARWOOD: It sounds like you think Senator Sessions is wrong to believe there is enough abuse in that program that we shouldn’t…

[crosstalk]

RUBIO: Well, I believe that there are abuses, those companies should be permanently barred from ever using the program again and we should put strict standards in place to ensure that they’re not being abused, like the prevailing wage requirement and like the advertising requirement.

HARWOOD: Thank you, Senator.

Becky?

QUICK: Mr. Trump, let’s stay on this issue of immigration. You have been very critical of Mark Zuckerberg of Facebook who has wanted to increase the number of these H1Bs.

TRUMP: I was not at all critical of him. I was not at all. In fact, frankly, he’s complaining about the fact that we’re losing some of the most talented people. They go to Harvard. They go to Yale. They go to Princeton. They come from another country and they’re immediately sent out.

I am all in favor of keeping these talented people here so they can go to work in Silicon Valley.

QUICK: So you’re in favor of…

[crosstalk]

TRUMP: So I have nothing at all critical of him.

QUICK: Where did I read this and come up with this that you were…

[crosstalk]

TRUMP: Probably, I don’t know — you people write the stuff. I don’t know where you… [laughter] [applause]

And if I could say just one thing. I am the only person in either campaign that’s self-funding. I’m putting up 100 percent of my own money. And right now, I will be putting up a tremendous — so far, I’ve put up less than anybody and I have the best results. Wouldn’t that be nice if the country could do that?

But I will be putting — I will be putting up, you know, tremendous amounts of money. SuperPacs are a disaster. They’re a scam. They cause dishonesty. And you better get rid of them because they are causing a lot of bad decisions to be made by some very good people. And I’m not blaming these folks — well, I guess I could. [laughter]

Very good people are making very bad decisions right now. And if anything comes out of this whole thing with some of these nasty and ridiculous questions, I will tell you, you better get rid of the SuperPacs because they causing a big problem with this country, not only in dishonesty and what’s going on, but also in a lot of bad decisions that have been made for the benefit of lobbyists and special interests.

QUICK: You know, Mr. — you know, Mr. Trump, if I may [inaudible]. You’ve been — you have been — you had talked a little bit about Marco Rubio. I think you called him Mark Zuckerberg’s personal senator because he was in favor of the H1B.

TRUMP: I never said that. I never said that.

QUICK: So this was an erroneous article the whole way around?

TRUMP: You’ve got another gentleman in Florida, who happens to be a very nice guy, but not…

QUICK: My apologies. I’m sorry.

[crosstalk]

TRUMP: … he’s really doing some bad…

[crosstalk]

RUBIO: Since I’ve been mentioned, can I respond?

[crosstalk]

QUICK: Yes, you can.

RUBIO: OK. I know the Democrats have the ultimate SuperPac. It’s called the mainstream media who every single day… [applause] … and I’ll tell you why. Last week, Hillary Clinton went before a committee. She admitted she had sent e-mails to her family saying, “Hey, this attack at Benghazi was caused by Al Qaida-like elements.” She spent over a week telling the families of those victims and the American people that it was because of a video. And yet the mainstream media is going around saying it was the greatest week in Hillary Clinton’s campaign.

It was the week she got exposed as a liar. It was the week that she got exposed as a liar… [applause]

But she has her super PAC helping her out, the American mainstream media.

QUICK: Senator Rubio, thank you very much.

I would like to introduce my colleague, Rick Santelli, he has some comments as well, sir.

SANTELLI: Senator Cruz, let’s focus on our central bank, the Federal Reserve. You’ve been a fierce critic of the Fed, arguing for more transparency. Where do you want to take that?

Do you want to get Congress involved in monetary policy, or is it time to slap the Fed back and downsize them completely? What are your thoughts? What do you believe?

CRUZ: Well, Rick, it’s a very important question. I have got deep concerns about the Fed. The first thing I think we need to do is audit the Fed. And I am an original co-sponsor of Rand Paul’s audit the Fed legislation.

The second thing we need to do is I think we need to bring together a bipartisan commission to look at getting back to rules- based monetary policy, end this star chamber that has been engaging in this incredible experiment of quantitative easing, QE1, QE2, QE3, QE- infinity.

And the people who are being impacted, you know, a question that was asked earlier, Becky asked, was about working women. You know, it’s interesting, you look at on Wall Street, the Fed is doing great. It’s driving up stock prices. Wall Street is doing great.

You know, today, the top 1 percent earn a higher share of our income than any year since 1928. But if you look at working men and women. If you look at a single mom buying groceries, she sees hamburger prices have gone up nearly 40 percent.

She sees her cost of electricity going up. She sees her health insurance going up. And loose money is one of the major problems. We need sound money. And I think the Fed should get out of the business of trying to juice our economy and simply be focused on sound money and monetary stability, ideally tied to gold.

SANTELLI: Senator Paul, the same question to you.

PAUL: Well, thank you very much. I would like to thank Ted for co-sponsoring my bill, audit the Fed. And I think it’s precisely because of the arrogance of someone like Ben Bernanke, who now calls us all know-nothings, that is precisely why we need audit the Fed.

I think it is really very much a huge problem that an organization as powerful as the Fed comes in, lobbies against them being audited on the Hill. I would prevent them lobbying Congress. I don’t think the Fed should be involved with lobbying us.

I think we should examine how the Fed has really been part of the problem. You want to study income inequality, let’s bring the Fed forward and talk about Fed policy and how it causes income inequality.

Let’s also bring the Fed forward and have them explain how they caused the housing boom and the crisis, and what they’ve done to make us better or worse. I think the Fed has been a great problem in our society.

What you need to do is free up interest rates. Interest rates are the price of money, and we shouldn’t have price controls on the price of money.

SANTELLI: Thank you, Senator. [applause]

Dr. Carson, you told The Des Moines Register that you don’t like government subsidies, it interferes with the free market. But you’ve also said that you’re in favor of taking oil subsidies and putting them towards ethanol processing.

Isn’t that just swapping one subsidy for another, Doctor?

CARSON: Well, first of all, I was wrong about taking the oil subsidy. I have studied that issue in great detail. And what I have concluded is that the best policy is to get rid of all government subsidies, and get the government out of our lives, and let people rise and fall based on how good they are.

And — you know, all of this too big to fail stuff and picking and choosing winners and losers — this is a bunch of crap, and it is really causing a great deal of — great deal of problems for our society right now.

And — and — you know, it goes back to the whole concept of regulations, which are in everything. The reason that I — I hate them so much is because every single regulation costs in terms of goods and services.

That cost gets passed on to the people. Now, who are the people who are hurt by that? It’s poor people and middle class. Doesn’t hurt rich people if their bar of soap goes up ten cents, but it hurts the poor and the middle class.

And Bernie Sanders will tell them that it’s because of the rich. Well, I’ll tell you something: you can take everything from the top 1 percent, and you apply it to our fiscal gap, and you won’t even make a dent in it.

SANTELLI: Thank you, Doctor.

Becky?

QUICK: Rick, thank you very much.

Governor Huckabee, you have railed against income inequality. You’ve said that some Wall Street executives should have gone to jail over the roles that they played during the financial crisis.

Apart from your tax plan, are there specific steps you would require from corporate America to try and reduce the income inequality.

HUCKABEE: I don’t think it’s so much about when the government orders a corporation to do something. In fact, that’s part of the problem. If you saw that blimp that got cut loose from Maryland today, it’s a perfect example of government.

I mean, what we had was something the government made — basically a bag of gas — that cut loose, destroyed everything in its path, left thousands of people powerless, but they couldn’t get rid of it because we had too much money invested in it, so we had to keep it.

That is our government today. We saw it in the blimp. [applause]

That’s exactly what we saw. So look, corporations ought to exercise some responsibility. When CEO income has risen 90 percent above the average worker, when the bottom 90 percent of this country’s economy has had stagnant wages for the past 40 years, somebody is taking it in the teeth.

And it’s not the folks on Wall Street. I’m not anti-Wall Street, but I don’t believe the government ought to wear a team jersey, pick winners and losers.

QUICK: Governor?

HUCKABEE: The government ought to wear a striped shirt and just make sure the game…

QUICK: Governor?

HUCKABEE: …is paid — played fairly.

QUICK: Thank you.

HUCKABEE: Now, everybody else has fudged their time and gone over, so please, don’t cut me off too quick, Becky.

QUICK: All right, Governor Huckabee.

HUCKABEE: Let me just close it out this way.

QUICK: How about 15 more seconds?

HUCKABEE: We need to be focusing on what fixes this country. And I’ll tell you one thing that we never talk about — we haven’t talked about it tonight.

Why aren’t we talking about — instead of cutting benefits for old people, cutting benefits for sick people — why don’t we say, “let’s cure the four big cost-driving diseases…

QUICK: Governor?

HUCKABEE: …”diabetes, heart disease, cancer and Alzheimer’s?”

QUICK: Governor, I’m sorry…

HUCKABEE: If you do that, you don’t just change the economy, you transform the lives of millions of hurting Americans.

QUICK: Governor, thank you.

HUCKABEE: Gosh, I’d love for us to talk about something like that. Thank you.

QUICK: Governor, thank you. Appreciate it.

John?

HARWOOD: Governor Bush, the tax reform bill that Ronald Reagan signed in 1986 cut the top personal income tax rate to 28 percent — just like your plan does. But President Reagan taxed capital gains at the same rate, while you would tax them at just 20 percent.

Given the problems we’ve been discussing, growing gap between rich and poor, why would you tax labor at a higher rate than income from investments?

BUSH: Look, the — the simple fact is that my plan actually gives the middle class the greatest break: $2,000 per family. And if you make $40,000 a year, a family of four, you don’t pay any income tax at all.

Simplifying the code and lowering rates, both for corporations and — and personal rates, is exactly what we need to do. You think about the regulatory cost and the tax cost — that’s why small businesses are closing, rather than being formed in our country right now.

The big corporations have the scale to deal with all of this. And what I think all of us are saying is, our monetary policy, our tax policy, regulatory policy needs to be radically changed so we can create high sustained growth for income to rise.

The government has tried it their way. Under — under Barack Obama and the proposals of Hillary Clinton and Bernie Sanders and others, they’ve tried it their way, and it has failed miserably.

We need to take a new approach of taxing — reforming how we tax, and reforming the regulations in our — in our country before it’s too late.

HARWOOD: Senator Rubio, 30 seconds to you.

The Tax Foundation, which was alluded to earlier, scored your tax plan and concluded that you give nearly twice as much of a gain in after-tax income to the top 1 percent as to people in the middle of the income scale.

Since you’re the champion of Americans living paycheck-to- paycheck, don’t you have that backward?

RUBIO: No, that’s — you’re wrong. In fact, the largest after- tax gains is for the people at the lower end of the tax spectrum under my plan. And there’s a bunch of things my tax plan does to help them.

Number one, you have people in this country that…

HARWOOD: The Tax Foundation — just to be clear, they said the…

[crosstalk]

RUBIO: …you wrote a story on it, and you had to go back and correct it.

HARWOOD: No, I did not.

RUBIO: You did. No, you did. [applause]

[crosstalk]

HARWOOD: Senator, the Tax Foundation said after-tax income for the top 1 percent under your plan would go up 27.9 percent.

RUBIO: Well, you’re talking about — yeah.

HARWOOD: And people in the middle of the income spectrum, about 15 percent.

RUBIO: Yeah, but that — because the math is, if you — 5 percent of a million is a lot more than 5 percent of a thousand. So yeah, someone who makes more money…

HARWOOD: [inaudible]

RUBIO: …numerically, it’s gonna be higher. But the greatest gains, percentage-wise, for people, are gonna be at the lower end of our plan, and here’s why: because in addition to a general personal exemption, we are increasing the per-child tax credit for working families.

We are lowering taxes on small business. You know, a lot of business activity in America is conducted like the guy that does my dry cleaning. He’s an S corporation. He pays on his personal rate, and he is paying higher than the big dry-cleaning chain down the street, because he’s paying at his personal rate.

Under my plan, no business, big or small, will pay more than 25 percent flat rate on their business income. That is a dramatic tax decrease for hard-working people who run their own businesses.

[crosstalk]

RUBIO: …The other thing I’d like to make about our plan, one more point, it is the most pro growth tax plan that I can imagine because it doesn’t tax investments at all. You know why? Because the more you tax something, the less of it you get.

I want to be in — I want America to be the best…

PAUL: …John…

RUBIO: …in the world for people…

HARWOOD: Senator, thank you.

PAUL: John, I’d like to address this? John, could I follow up on this?

QUINTANILLA: …We’ll come back around. I want to get to governor Kasich.

PAUL: What are the rules on who gets to follow up. How do we decide on who gets to follow up? I’ve seen plenty of other people follow up?

QUICK: It’s at the moderator discretion.

QUINTANILLA: Governor Kasich, let’s talk …

[crosstalk]

QUINTANILLA: …about Marijuana, Governor Kasich…

PAUL: I’d like to just mention something about my tax plan, and how it relates to the discussion…

QUINTANILLA: Alright, but 30 seconds, you made a case. Sure, 30 seconds.

PAUL: Alright. Much of the discussion is centered over whether or not the different tax plans help, or affect the middle class. In fact, it’s the chief argument by democrats against many of the different flat tax proposals. Mine is unique in the sense that my tax plan actually gets rid of the payroll tax as well. It shifts it to the business, and it would allow middle class people to get a tax cut.

If you just cut their income tax, there isn’t much income tax to cut. Mine actually cuts the payroll tax, and I think it would spread the tax cut across all socioeconomic levels, and would allow then it to be something that would be broadly supported by the public in an election.

QUINTANILLA: Senator, thank you.

CRUZ: Let me say on that…

QUINTANILLA: Oh, no, no, no…

CRUZ: …Rand is exactly right. His plan is a good plan, and I will note that my 10% plan also eliminates the payroll tax, eliminates the death tax,

QUINTANILLA: …Ok…

CRUZ: …eliminates the business…

[UNKNOWN]: [inaudible]

CRUZ: …income tax…

[UNKNOWN]: What are you doing?

CRUZ: …10% flat rate…

QUINTANILLA: …We’re going to go to…

CRUZ: …is the lowest personal rate any candidate up here has, and what it would also enable us to do is for every citizen to fill out their taxes on a postcard so we can eliminate the IRS. [cheering and pplause]

QUINTANILLA: OK. Thank you, Senator. Governor Kasich, let’s talk about marijuana. We’re broadcasting from Colorado which has seen $150 million in new revenue for the state since legalizing last year. Governor Hickenlooper is not a big fan of legalization, but he’s said the people who used to be smoking it are still smoking it, they’re just now paying taxes.

Given the budget pressures in Ohio, and other states, is this a revenue stream you’d like to have?

KASICH: Well, first of all, we’re running a $2 billion dollar surplus, we’re not having a revenue problem right now. And, sending mixed signals to kids about drugs is a disaster. Drugs is one of the greatest scourge in this country, and I spent five years of my administration working with my team to do a whole sort of things to try to reign in the problem of overdoses, and it goes on and on. We could do a whole show on that.

I want to go back for a second thought on this issue of income inequality. My program would move the 104 programs of the federal Department of Education into four block grants, and send them back to the states because income inequality is driven by a lack of skills when kids don’t get what they need to be able to compete and win in this country.

The fact is, in order to get this economy moving again, I call for freezing regulations for a year except for the problem of public safety. I believe that we need to cut these taxes down, we need to be on a roadmap to balancing the budget, and we need to send power, money, and influence, the welfare department, the education department, job training, infrastructure, Medicaid, all of that out of Washington back to the states so we can run these programs from where we live to the top, not a one size fits all mentality that they have in Washington.

And, that will get to the nub of opportunity for our children, and an ability to see wages rise. Again…

[crosstalk]

KASICH: …One more time, in Ohio, our wages are growing faster than the national average. We’ve cut taxes, balanced budgets, changed the regulatory environment. Folks, you want to —

QUINTANILLA: Thank you, Governor.

KASICH: — fix America, this is the formula. It worked for Reagan and it works for our team in Ohio. Thank you.

QUINTANILLA: Thank you. We’ll be back from Boulder, Colorado in just a moment. [applause]

[commercial break]

QUICK: Welcome back to the University of Colorado and the Republican presidential debate right here on CNBC.

Mr. Trump, I want to go back to an issue that we were talking about before, the H-1B visas. I found where I read that before. It was from the donaldjtrump.com website and it says — it says that again, Mark Zuckerburg’s personal senator, Marco Rubio has a bill to triple H-1Bs that would decimate women and minorities. Are you in favor of H-1Bs or are you opposed to them?

TRUMP: I’m in favor of people coming into this country legally. And you know what? They can have it anyway you want. You can call it visas, you can call it work permits, you can call it anything you want. I’ve created tens of thousands of jobs, and in all due respect — and actually some of these folks I really like a lot — but I’m the only one that can say that. I have created tens of thousands of jobs, and I’ll be creating many millions of jobs if I’m given — if I’m given the opportunity to be president.

As far as Mark is concerned, as far as the visas are concerned, if we need people, they have — it’s fine. They have to come into this country legally. We have a country of borders. We have a country of laws. We have to obey the laws. It’s fine if they come in, but they have to come in legally.

QUICK: Thank you, sir.

RUBIO: I was mentioned in the question.

QUICK: You were. You get 30 seconds.

RUBIO: Thank you.

Well, I’ve learned the rules on this. [laughter]

Look, in addition to what Donald was saying is we also need to talk about the legal immigration system for permanent residents. Today, we have a legal immigration system for permanent residency that is largely based on whether or not you have a relative living here. And that’s the way my parents came legally in 1956.

But in 2015, we have a very different economy. Our legal immigration system from now on has to be merit-based. It has to be based on what skills you have, what you can contribute economically, and most important of all, on whether or not you’re coming here to become an American, not just live in America, but be an American.

QUICK: Thank you, Senator. Thank you, Senator.

Carl?

QUINTANILLA: Mr. Trump, you’ve said you have a special permit to carry a gun in New York.

TRUMP: Yes.

QUINTANILLA: After the Oregon mass shooting on October 1st, you said, “By the way, it was a gun-free zone. If you had a couple of teachers with guns, you would have been a hell of a lot better off.”

TRUMP: Or somebody else. Right.

QUINTANILLA: Would you feel more comfortable if your employees brought guns to work?

TRUMP: Yes, I might feel more comfortable. I would say that I would and I have a permit, which is very unusual in New York — a permit to carry. And I do carry on occasion, sometimes a lot. But I like to be unpredictable so that people don’t know exactly… [laughter]

QUINTANILLA: Are you carrying one now? [laughter]

[crosstalk]

TRUMP: By the way, unlike our country where we’re totally predictable and the enemy, whether it’s ISIS or anybody else, they know exactly what we’re doing because we have the wrong leadership. [applause]

But I feel that the gun-free zones and, you know, when you say that, that’s target practice for the sickos and for the mentally ill. That’s target. They look around for gun-free zones. You know, we could give you another example — the Marines, the Army, these wonderful six soldiers that were killed. Two of them were among the most highly decorated — they weren’t allowed on a military base to have guns. And somebody walked in and shot them, killed them. If they had guns, he wouldn’t be around very long. I can tell you, there wouldn’t have been much damage.

So, I think gun-free zones are a catastrophe. They’re a feeding frenzy for sick people.

QUINTANILLA: We called a few Trump resorts, a few Trump properties that — that do not allow guns with or without a permit. Would you change those policies?

TRUMP: I would change them. I would change them.

QUINTANILLA: OK. All right. Thank you.

John?

HARWOOD: Governor Huckabee, you’ve written about the huge divide in values between middle America and the big coastal cities like New York and Los Angeles. As a preacher as well as a politician, you know that presidents need the moral authority to bring the entire country together.

The leading Republican candidate, when you look at the average of national polls right now, is Donald Trump. When you look at him, do you see someone with the moral authority to unite the country?

HUCKABEE: You know, of the few questions I’ve got, the last one I need is to give him some more time. I love Donald Trump. He is a good man. I’m wearing a Trump tie tonight. Get over that one, OK? [applause]

[crosstalk]

[UNKNOWN:]: Is it made in Mexico?

HUCKABEE: I don’t know.

[UNKNOWN:]: Where’s it made? Is it made in China?

[UNKNOWN:]: Is it made in China or Mexico?

HUCKABEE: I have no idea.

[crosstalk]

TRUMP: Such a nasty — such a nasty question, but thank you, Governor.

HUCKABEE: You’re welcome. [laughter]

Let me tell you, Donald Trump would be a president every day of the week and twice on Sunday, rather than Hillary. I’ve spent a lifetime in politics fighting the Clinton machine. [applause]

You want to talk about what we’re going to be up against next year? I’m the only guy on this stage — you know, everybody has an “only guy” — “I’m the only guy this; I’m the only guy that.” Well, let me tell you one thing that I am the only guy: The only guy that has consistently fought the Clinton machine every election I was ever in over the past 26 years. And not only did I fight them, but I beat them.

Somebody says “I’m a fighter.” Well, I want to know, did you win? Well, I did. And not only did I fight them and win, I lived to tell about it and I’m standing on this stage tonight as evidence of that. And I think that ought to be worth something.

HARWOOD: Thank you, Governor.

CHRISTIE: John, I’ll tell you something. You want to talk about moral authority. Let’s talk about something that happened this week in the news. You know, the FBI director, the president’s appointed FBI director has said this week that because of a lack of support from politicians like the president of the United States, that police officers are afraid to get out of their cars; that they’re afraid to enforce the law. And he says, the president’s appointee, that crime is going up because of this.

And when the president of the United States gets out to speak about it, does he support police officers? Does he stand up for law enforcement? No, he doesn’t. I’ll tell you this, the number one job of the president of the United States is to protect the safety and security of the American people. This president has failed, and when I’m in the Oval Office, police officers will know that they will have the support of the president of the Untied States. That’s real moral authority that we need in the Oval Office.

HARWOOD: Thank you, Governor.

Don’t forget my colleague, Sharon Epperson.

EPPERSON: Thank you, John.

Mrs. Fiorina, you were the CEO of a large corporation that offers a 401(k) to its employees. But more than half of American have no access to an employer sponsored retirement plan.

That includes the workers at small businesses, and the growing ranks of Uber drivers and other part-timers in the freelance economy.

Should the Federal Government play a larger role in helping to set up retirement plans for these workers?

FIORINA: No, the Federal Government should not play a larger role.

Look, every time the Federal Government gets engaged in something it gets worse. And then the Government steps in to try and solve the problem and we get a little further down to that progressive vision that Hillary Clinton is talking about.

Companies should, if they want to attract the best workers, provide a good set of benefits. But honestly, if you’re a small business owner today you are being crushed. We have 400,000 small businesses forming every year in this country. How great is that? They are employing themselves, they are potentially employing others.

The bad news is, we have 470,000 going out of business every year. And why? They cite Obamacare.

They are refusing to…

EPPERSON: So you wouldn’t agree — you wouldn’t agree with a start for 401(k) for businesses or anything like that?

FIORINA: I think it’s a wonderful that that businesses start a 401(k). The point I’m making is this, the Federal Government should not be in a lot of things.

There is no Constitutional role for the Federal Government in setting up — retirement plans. There is no Constitutional role for the Federal Government to be setting minimum wages…

EPPERSON: Thank you very much.

FIORINA: … The more the Government gets engaged in the economy, the slower the economy becomes. The more the Government gets engaged in the economy, it is demonstrably true…

EPPERSON: Thank you, the rules say one minute.

FIORINA: … The more the big, the powerful, the wealthy and the well-connected are advantaged.

EPPERSON: Thank you, Ms. Fiorina. We appreciate it. Thank you, thank you.

I want to turn my attention now, to you now, Governor Kasich.

Most people can’t get a college degree without going into debt. Over 40 million Americans have student loans and many of them cannot pay them back.

This country has over $100 billion in student loan defaults. That’s billion with a b.

What will you do to make sure that students, their families, taxpayers, won’t feel the economic impact of this burden for generations?

Well, first of all, in Ohio we’re changing the whole system. Universities will not get paid one dime unless the student graduates or — graduates or completes a course.

Secondly, you can be in high school and complete almost an entire first year before you go to college and get credit to do that. And, of course, in addition to that, we are working now to go after the cost drivers in our universities. And let me give you an example. Universities today have so many non-academic assets. At Ohio State they sold the parking garage and the parking lot, and they got $500 million because they shouldn’t be in the parking lot business. They shouldn’t be in the ding business, they shouldn’t be in the dorm business.

And, of course, we need to take advantage of on-line education to reduce these costs and begin to dis-intermediate the cost of four years.

Now, for those who that have these big high costs, I think we can seriously look at an idea of where you can do public service. I mean legitimate, public service and begin to pay off some of that debt through the public service that you do. And in the meantime, it may inspire us to care more about our country, more about ourselves.

This is a big moral issue in America. Living a life bigger than yourself, and being a center of healing and justice. And people can learn it through public service.

EPPERSON: Thank you, thank you.

BUSH: We don’t need the federal government to be involved in this at all.

QUICK: Higher education is the example…

BUSH: We don’t need the Federal Government to be involved in this, because when they do we create a $1.2 trillion debt.

In Florida, we have the lowest in-state tuition of any state, because there’s accountability, just as John said. Let the states do this. You’ll create a much better graduation rate at a lower cost, and you won’t in debt the next generation with recourse debt on their backs.

It’s always a solution of the left to create more Government from the Federal Government. It is broke, it is not working.

[crosstalk]

QUINTANILLA: Governor Bush, daily fantasy sports has become a phenomenon in this country, will award billions of dollars in prize money this year. But to play you have to assess your odds, put money at risk, wait for an outcome that’s out of your control. Isn’t that the definition of gambling, and should the Federal Government treat it as such?

BUSH: Well, first of all, I’m 7 and 0 in my fantasy league.

QUINTANILLA: I had a feeling you were going to brag about that.

BUSH: Gronkowski is still going strong. I have Ryan Tannehill, Marco, as my quarterback, he was 18 for 19 last week. So I’m doing great. But we’re not gambling.

And I think this has become something that needs to be looked at in terms of regulation. Effectively it is day trading without any regulation at all. And when you have insider information, which apparently has been the case, where people use that information and use big data to try to take advantage of it, there has to be some regulation.

If they can’t regulate themselves, then the NFL needs to look at just, you know, moving away from them a little bit. And there should be some regulation. I have no clue whether the federal government is the proper place, my instinct is to say, hell no, just about everything about the federal government.

[crosstalk]

CHRISTIE: Carl, are we really talking about getting government involved in fantasy football? [laughter]

We have — wait a second, we have $19 trillion in debt. We have people out of work. We have ISIS and al Qaeda attacking us. And we’re talking about fantasy football? Can we stop? [applause]

How about this? How about we get the government to do what they’re supposed to be doing, secure our borders, protect our people, and support American values and American families. Enough on fantasy football. Let people play, who cares?

[crosstalk]

QUICK: I want to go back, if I can, to the issue of…

[crosstalk]

QUICK: I want to go back, if I may, to the…

HARWOOD: Governor Christie, you’ve said something that many in your party do not believe, which is that climate change is undeniable, that human activity contributes to it, and you said, quote: “The question is, what do we do to deal with it?”.

So what do we do?

CHRISTIE: Well, first off, what we don’t do is do what Hillary Clinton and John Kerry and Barack Obama want us to do, which is their solution for everything, put more taxes on it, give more money to Washington, D.C., and then they will fix it.

Well, there is no evidence that they can fix anything in Washington, D.C.

HARWOOD: What should we do?

CHRISTIE: What we should do is to be investing in all types of energy, John, all types of energy. I’ve laid out…

HARWOOD: You mean government?

CHRISTIE: No, John. John, do you want me to answer or do you want to answer? [laughter]

How are we going to do this? [applause]

Because, I’ve got to tell you the truth, even in New Jersey what you’re doing is called rude. So… [laughter]

We’ve laid out a national energy plan that says that we should invest in all types of energy. I will tell you, you could win a bet at a bar tonight, since we’re talking about fantasy football, if you ask who the top three states in America are that produce solar energy: California and Arizona are easy, but number three is New Jersey.

Why? Because we work with the private sector to make solar energy affordable and available to businesses and individuals in our state.

We need to make sure that we do everything across all kinds of energy: natural gas, oil, absolutely. But also where it’s affordable, solar, wind in Iowa has become very affordable and it makes sense.

That is the way we deal with global warming, climate change, or any of those problems, not through government intervention, not through government taxes, and for God’s sake, don’t send Washington another dime until they stop wasting the money they’re already sending there.

HARWOOD: Thank you, Governor. [applause]

Becky.

QUICK: Senator Paul, among the leading conservative opponents to the creation of Medicare back in the 1960s was Ronald Reagan. He warned that it would lead to socialism. Considering the mounting cost of Medicare, was he right to oppose it?

PAUL: The question always is, what works better, the private marketplace or government? And what distributes goods better? It always seems to be the private marketplace does a better job.

Is there an area for a safety net? Can you have Medicare or Social Security? Yes. But you ought to acknowledge the government doesn’t do a very good job at it.

The main problem with Medicare right now is that the average person pays in taxes over their whole lifetime about $100,000. But the average person takes out about $350,000. We have this enormous mismatch because we have smaller and smaller families.

When people ask me, whose fault is it? Whose fault is it that Medicare is broken, out of money, that Social Security is broken, out of money? And I say, look, it’s not Republicans’ fault, it’s not Democrats’ fault, it’s your grandparents’ fault for having too many damn kids. [laughter]

After the war we had all of these kids, Baby Boomers. Now we’re having smaller families. We used to have 16 workers for one retiree, now you have three workers for one retiree.

It’s not working. I have a bill to fix Medicare. I’ve a bill to fix Social Security. For both of them you have to gradually raise the age. If you’re not willing to do that, nobody wants to do it, but if you’re not willing to gradually raise the age, you’re not serious about fixing either one of them.

QUICK: Senator, thank you.

[UNIDENTIFIED]: Becky, may I…

QUINTANILLA: This is the— well, we’re going to take a break. We want to save time for closing statements after the break.

So this is the Republican presidential debate in Boulder, and we’ll be right back.

[commercial break] [applause]

QUICK: Welcome back to Boulder, Colorado and the Republican presidential debate right here on CNBC.

Governor Huckabee, you wanted to respond to the points that Senator Rand Paul was just making when it comes to Social Security. Your time, sir.

HUCKABEE: Well, and specifically to Medicare, Becky, because 85 percent of the cost of Medicare is chronic disease. The fact is if we don’t address what’s costing so much, we can’t throw enough money at this. And it’s why I’ve continued to focus on the fact that we need to declare war on the four big cost drivers because 80 percent of all medical costs in this country are chronic disease. We don’t have a health care crisis in America, we have a health crisis.

And until we deal with the health of Americans and do what we did with polio — when I was a little kid, we eradicated it. You know how much money we spent on polio last year in America? We didn’t spend any. We’ve saved billions of dollars.

You want to fix Medicare? Focus on the diseases that are costing us the trillions of dollars. Alzheimers, diabetes, heart disease and cancer. Eradicate those and you fix Medicare and you’ve fixed America, its economy and you’ve made people’s lives a heck of a lot better.

BUSH: Becky —

QUICK: Thank you, Governor. [applause]

BUSH: — the governor’s absolutely right. But we also need to reform Medicare and Social Security. We can’t just allow it to continue on its current path the way that Hillary Clinton wants to do because there’ll be major reductions in benefits in the next decade if we do nothing.

I have a concrete plan to do just that, which allows people to keep HSAs to encourage savings, it allows for people that are retiring with Social Security to be able to get a minimum of 125 percent of the poverty level so that there is a baseline that in this generous country of ours no one goes below.

HARWOOD: Governor Bush, Mr. Trump says that he is capable of growing the economy so much that Social Security and Medicare don’t have to be touched. Do you want to explain how that is going to happen, Mr. Trump?

TRUMP: Yes, it’s very simple. We’re going to make a really dynamic economy from what we have right now, which is not at all dynamic. We’re going to bring jobs back from Japan, we’re going to bring jobs back from China, we’re going to bring, frankly, jobs back from Mexico where, as you probably saw, Nabisco is leaving Chicago with one of their biggest plants, and they’re moving it to Mexico.

We’re going to bring jobs and manufacturing back. We’re going to cut costs. We’re going to save Social Security, and we’re going to save Medicare.

[UNKNOWN:]: Governor, you just heard him.

BUSH: You have to reform Social Security, and the simple way to do it is to make sure that the wealthiest don’t receive the same benefits as people that are lower-income.

And make sure you enhance savings in the private market. The idea of 401(k)s. I have a small business that I set up. It took — it took an arm and a leg to be able to set up a 401(k). Because of all the federal mandates and federal laws, it was too expensive.

We need to incent private savings and make sure that Social Security is protected for those that have it.

KASICH: John.

BUSH: But the idea that you can’t — that you’re just gonna grow your way out of this — I have a plan to grow the economy at 4 percent, but you’re gonna have to make adjustments for both Medicare and Social Security.

[UNKNOWN:]: Governor Kasich, do you want 30 seconds?

KASICH: I wanna tell you, in my state, we took Medicaid, the hardest program to control, and we took it from a 10 percent growth rate to 2.5 percent without taking one person off the rolls or cutting one single benefit.

And so much of what we did — to force competition, to use technology, to stand down the special interest groups — can you imagine taking Medicaid from 10 to 2.5 percent?

We can take many of those same procedures, we can apply it to Medicare. We can make a stronger program. But I agree with Jeb, you can’t just do this by growing the economy. You can’t grow your way out of demographics.

But we can give people better health care. And finally, on health care, why don’t we start treating — keep giving…

QUICK: Governor.

KASICH: …incentives for people to keep people healthy, rather than giving the incentives to treat them when they’re sick?

QUICK: Governor, thank you.

Senator Paul, let’s go back to you. Do these solutions sound like they work?

PAUL: Say again?

QUICK: Do these solutions sound like they would work?

PAUL: You can’t do nothing. And that’s what I hear from some people, “we’ll do nothing and it will just be fixed.” That’s absurd, and I think people who don’t want to fix it, really, or unwilling to take the chance to say, “something has to change,” are missing the boat here.

The age will have to gradually rise, there is no question. It’s the only way you fix Medicare, the only way you fix Social Security. You will also have to means-test the benefits and declare there’s not enough money.

It isn’t “I put money in, I’m getting it back.” There is no money, it’s a stack of paper. There is no money in the Social Security account. There is no money in the Medicare account. There’s only a promise to pay by the next generation, and the next generation’s not big enough to pay it.

[crosstalk]

[UNKNOWN:]: …to deal with this. We did it 200 days ago.

HARWOOD: Hold on, Governor. I’ve got a question for — for Dr. Carson.

CARSON: About Medicare?

HARWOOD: Yes. You’ve said that you would like to replace Medicare with a system of individual family savings accounts, so that families could cover their own expenses.

Obviously, that would be a very controversial idea. Explain how that would work, exactly.

CARSON: Well, first of all the — the plan gives people the option of — of opting out. But I think they will see a very good option here. You know, the annual Medicare budget is over $600 billion. And there are 48 million people involved — 40 million, 65 and over, and 8 million other.

Divide that out. That comes out to $12,500 for each one. Now, I can tell you there are a lot of private-sector things that you could do with $12,500, which will get you a lot more than you get from this government program.

And that’s really a theme of a lot of the things that I’m talking about. How do we utilize our intellect rather than allowing the government to use its, quote, “intellect,” in order to help us to be able to live healthier and better lives?

It was never intended that the government should be in every aspect of our lives. This is a country that is of, for and by the people.

QUICK: Thank you, Dr. Carson.

Governor?

CHRISTIE: And — and — and I — you know, Ben is absolutely right in saying that what we don’t need to do is to send more money to Washington, D.C. to fix this problem.

And that’s what you’ll hear from Hillary Clinton — and I’ve already heard from her — is that, send more money in Social Security, send more money in Medicare taxes, send more money for Medicaid, and that’s gonna solve the problem.

What we know is we’re living longer. That’s a blessing. It’s a blessing that we’re living longer, so we have to increase the retirement age to reflect that blessing.

We need to make sure that people understand, as Jeb said before, that if you’ve done extraordinarily well in this country, do you want them to take more out of your taxes now and think they’re gonna give it back to you later? Or would you rather take less later on?

QUINTANILLA: Senator Rubio…

HARWOOD: Governor, do you also think that…

QUINTANILLA: …yeah, I just wanted [inaudible].

HARWOOD: …that Dr. Carson’s right, that we can replace Medicare with individual savings accounts?

RUBIO: No. No. What I said was that I think that Dr. Carson’s ideas are good ideas. They’re not my ideas, and I don’t necessarily agree with all of them.

But this is what you’re seeing in the Republican debate that you didn’t see in that Democrat debate.

You didn’t see it for a minute. You didn’t see these kind of ideas being batted around, and being batted around in a way that’s civil and smart and that’s trying to help to inform the voter out there.

What you saw was a parade of, “I’ll give you this for free; I’ll give you that for free.”

Let me tell you, everybody, when they say they want to give it to you for free, keep your hands on your wallets because they’re coming to you to pay for it. And that’s why I think these ideas up here are great, and that’s what we should have is have more discussions like this and less gotcha.

[crosstalk]

QUINTANILLA: I want to give you 30 seconds here.

RUBIO: I want to take off from that point and argue the same thing. And that is that one of the things you’re watching tonight are 11 quality candidates debating an important issue. The Republican Party is blessed to have 11 good candidates, [inaudible] 10 good candidates. The Democrats can’t even come up with one.

And on this issue of the Medicare in particular, it’s important because they’re going to demagogue what we’re saying here tonight. Everyone up here tonight that’s talking about reforms, I think and I know for myself I speak to this, we’re all talking about reforms for future generations. Nothing has to change for current beneficiaries. My mother is on Medicare and Social Security. I’m against anything that’s bad for my mother. [laughter]

So, we’re talking about — we’re talking about reform for people like me and people like Senator Cruz, as he talked about earlier, who are years away from retirement that have a way to plan for these changes, and way that’s very reasonable. And it’s not too much to ask of our generation after everything our parents and our grandparents did for us.

FIORINA: John, I — if I — a lot of people have jumped in here. I’d like to jump in. A lot of people have jumped in here.

HARWOOD: Mrs. Fiorina, we’re right at the end of our time.

FIORINA: I understand.

HARWOOD: You all wanted us to limit [inaudible].

All right. Go ahead.

FIORINA: I would just say that… [laughter] … I would just say this, we’ve heard a lot of great ideas up here, and I agree with what Senator Rubio said. Every election we talk about this. Every election we talk about Medicare and Social Security reform. It never happens.

I would like to start with a basic. Let us actually go to zero- based budgeting so we know where the money is being spent. It’s kind of basic. There is a bill sitting in the House that would actually pass and have us go to zero-based budgeting so we know where every dime of your money is being spent instead of only talking about how much more we’re going to spend year after year after year.

My point is this. While there are lots of good ideas for reform, we have never tackled the basics. And we finally need to tackle the basics to cut this government down to size and hold it accountable. So let’s start by knowing where your money is being spent by the federal government.

HARWOOD: We have now reached the point in the program where candidates are going to give their closing statements, 30 seconds apiece. We’re going to go right to left and start with you, Senator Paul.

PAUL: Liberty thrives when government is small. I want a government so small I can barely see it. I want a government so small that the individual has a chance to thrive and prosper. I think, though, government is too big now. And what you’re going to see in Washington this week is establishment Republicans have made an agreement with the president to raise the debt ceiling in an unlimited fashion; no limit to the debt ceiling raise.

This is extraordinary. It’s extraordinarily wrong. You’ll see me on the floor of the Senate tomorrow filibustering this and saying enough is enough, no more debt.

HARWOOD: Governor Christie?

CHRISTIE: I want to talk to the folks at home. I want to ask you: Are you fed up with how Washington taxes you? Are you fed up with how Washington wastes your money? Are you concerned like I am that the debt and deficits of Washington, D.C. are endangering America’s future?

I’ve got one more question for you then. Are you serious about this election? Because if you are, you need to elect someone who’s deadly serious about changing this culture. I am deadly serious about changing this culture. I changed it in New Jersey. I’m deadly serious about doing this job the right way.

I’m prepared. I’m tested. I’m ready. And I want to make this our government. For the people who say we can’t do it, I say hell no, we can do it together.

HARWOOD: Thank you, Governor.

Senator Cruz?

CRUZ: You know, everyone here talks about the need to take on Washington. The natural next question is who actually has done so. Who actually has stood up not just to Democrats, but to leaders in our own party? When millions of Americans rose up against Obamacare, I was proud to lead that fight. When millions of Americans rose up against amnesty, I was proud to lead that fight. When millions of Americans rose up against Planned Parenthood, I was proud to lead that fight.

If people are promising they’re going to take on Washington and cronyism, you need to look to who has been doing it. In my family, my dad fled oppression in Cuba to come to America. Freedom is personal for me, and I will always keep my word and fight for freedom.

HARWOOD: Thank you, Senator.

Mrs. Fiorina?

FIORINA: You know, every election we hear a lot of talk. We hear a lot of good plans. We hear actually a lot of good intentions. But somehow for decades, nothing really has changed. What we need now is a proven leader who has produced results. That’s how you go from secretary to CEO. You lead and you produce results. I will cut this government down to size and hold it accountable, simplify the tax code, roll back the regulations that have been spewing out of Washington, D.C. for 50 years.

I may not be your dream candidate just yet, but I can assure you I am Hillary Clinton’s worst nightmare. And in your heart of hearts, you cannot wait to see a debate between Hillary Clinton and Carly Fiorina. I will tell you this, I will beat Hillary Clinton. And with your vote and your support and your prayers, I will lead with the citizens of this great nation the resurgence of this great nation.

HARWOOD: Thank you, Mrs. Fiorina.

Dr. Carson?

CARSON: I just want to thank all my colleagues here for being civil, and not falling for the traps. And, I also just want to thank the audience for being attentive, and noticing the questions, and the noticing the answers. And, this is what I am finding throughout America.

People are waking up because it is going to be us who will determine the direction of our country. And, it was made for we the people, we are the ones who decide who we are, and we should never give away the values and principles that made America into a great nation for the sake of political correctness. [applause]

HARWOOD: Mr. Trump?

TRUMP: Our country doesn’t win anymore. We used to win, we don’t win anymore. We lose on trade. We lose with ISIS. We lose with one of the worst deals I’ve ever seen negotiated of any kind, that’s our recent catastrophe with Iran. We don’t win.

Let me give you one quick example. These folks, CNBC, they had it down at three, three and a half hours. I just read today in the New York Times, $250,000 for a 30 second ad. I went out and said, it’s ridiculous. Nobody — I could stand up here all night. Nobody wants to watch three and a half, or three hours. It was a back sacrifice, and I have to hand it to Ben.

We called Ben, he was with me 100%. We called in, we said, that’s it. We’re not doing it. They lost a lot of money, everybody said it couldn’t be done. Everybody said it was going to be three hours, three and a half, including them, and in about two minutes I renegotiated it so we can get the hell out of here. Not bad. [applause]

TRUMP: And, I’ll do that with the country. We will make America great again. And, thank you everybody. Just for the record.

HARWOOD: Just for the record, the debate was always going to be two hours. Senator Rubio?

TRUMP: That’s not right. That is absolutely not right. You know that. That is not right.

[UNIDENTIFIED:] Thank you.

HARWOOD: Senator Rubio.

RUBIO: You know, America doesn’t owe me anything. I have a debt to America I’ll never repay. This isn’t just the country I was born in, this is the nation that literally changed the history of my family. My parents in this country were able to give me the chance to do all the things they never did. We call that the American Dream, although, it’s built on the universal dream of a better life.

The fact that it’s happened for so many people here throughout our history, that’s what makes us special. But, now for millions of Americans, it’s slipping away. And, we have a government and leaders in government that are completely out of touch, and that’s why I’m running for president. Because we can’t just save the American Dream, we can expand it to reach more people, and change more lives than ever before.

And, that’s why tonight I’m asking you for your vote.

HARWOOD: Thank you, Senator. Governor Bush?

BUSH: America’s at a crossroads. The D.C. politicians continue to make things worse. I have a proven record of success, 32 years in business, and 8 years as Governor of the state of Florida.

I will change the culture in Washington, just as I changed the culture in Tallahassee. I will do so in a way that will bring people together. We need a unifier, not a cynical divider in chief, and that’s exactly what I will do.

Imagine a country where people are lifted out of poverty again. Imagine a country where the middle class can get rising income again. I know we can do this because we’re still the most extraordinary country on the face of the Earth.

HARWOOD: Thank you, Governor. Governor Huckabee.

HUCKABEE: You know, I know to a lot of people in the media, this is just a great big game, and we’re the players. And, we come out here, and we do our thing. And, sometimes we’re held up in contempt by people who write columns, but, I guarantee you to every person on this stage there’s something deep inside of us that would cause us to give up our livelihoods and step out on this stage and fight for the people of America.

I’ve got five grandkids. I do not want to walk my five grandkids through the charred remains of a once great country called America, and say, “Here you go, $20 trillion dollars of debt. Good luck making something out of this mess.”

And, for those of us who are serious enough to run for president, think long and hard why we’re here, and hopefully you’ll know we’re not here for ourselves. We honest to god are here to get this country back on track. I know this, I certainly am.

HARWOOD: Thank you…

HUCKABEE: …Thank you.

HARWOOD: Governor Kasich?

KASICH: I was on morning Joe at a town hall and a young student stood up and said, “Can I still be idealistic?”

I said, absolutely, you can still change the world. And, you know the old inscription, if you save one life, you’ve changed the world. Folks, we have a problem here with the leadership in Washington, but I’ll tell you another problem. We need to rebuild our families. We need to have stronger families. We need to know who our neighbors are. We need to come together as a country because we have to realize that America is great, not from the top-down. Oh yeah, we want to elect a good president, but America is great from the bottom-up, and the bottom-up is us in our families, in our communities, in our neighborhoods. We will renew America if we work together, and I am totally confident that we will. And God bless America. [applause]

HARWOOD: Thank you, Governor.

QUINTANILLA: That concludes tonight’s debate. On behalf of my colleagues Becky Quick, John Harwood, Sharon Epperson, Rick Santelli and Jim Cramer, we’d like to our host, the University of Colorado at Boulder, the Republican National Committee, the candidates and, of course, tonight’s audience.

 

 

Full Text Campaign Buzz 2016 September 16, 2015: CNN Republican Top Tier Debate Transcript Carly Fiorina Declared Winner

ELECTION 2016

CampaignBuzz2016

CAMPAIGN BUZZ 2016

CNN Republican Top Tier Debate Transcript

Source: CNN, 9-16-15

GOP Presidential Debate. Aired 8:10-11:15p ET.

Aired September 16, 2015 – 20:10   ET

THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.

JAKE TAPPER, CNN MODERATOR: I’m Jake Tapper. We’re live at the Ronald Reagan Library in Simi Valley, California for the main event. Round 2 of CNN’s presidential debate starts now.

The eleven leading Republican candidates for president are at their podiums. They are ready to face off, and if you’ve been watching this race, you know anything could happen over the next few hours.

To viewers who are just joining us, welcome to the Air Force One Pavilion of the Ronald Reagan Presidential Library. Our thanks to the staff here and especially to former first lady Nancy Reagan for this impressive setting with Ronald Reagan’s presidential plane as our backdrop.

(APPLAUSE)

TAPPER: This debate is airing on CNN networks in the United States and around the world. It’s also being broadcast on the Salem Radio Network. I know everyone is very eager to get started.

But first, I want to explain the ground rules tonight. My name is Jake Tapper. I’ll be the moderator. I will be joined in the questioning by Salem Radio Network talk show host Hugh Hewitt. He worked in the Reagan administration for six years. And by CNN’s chief political correspondent Dana Bash.

I will ask follow-up questions, I will attempt to guide the discussion. Candidates, I will try to make sure each of you gets your fair share of questions. You’ll have one minute to answer and 30 seconds for follow-ups and rebuttals. I’ll give you time to respond if you’ve been singled out for criticism.

Our viewers should know we have timing lights that are visible to the candidates to warn them when their time is up. These 11 Republicans are positioned on the stage based on their ranking in recent national polls.

Our goal for this evening is a debate. A true debate, with candidates addressing each other in areas where they differ. Where they disagree — on policy, on politics, on leadership. Now, let’s begin.

I’d like to invite each candidate to take 30 seconds to introduce him or herself to our audience. First to you, Senator Paul.

SEN. RAND PAUL, R-KY.: Good evening, everyone. I’m an eye surgeon from Bowling Green, Kentucky. My wife, Kelly, and I have been married for nearly 25 years, and I spend my days defending the Constitution and the Bill of Rights.

I think there’s nothing more important than understanding that the Constitution restrains government, not the people.

Thank you.

(APPLAUSE)

FORMER GOV. MIKE HUCKABEE, R-ARK.: I’m Mike Huckabee. I’m delighted to be on this stage with some remarkable fellow Republicans.

None of us are a self-professed socialist. None of us on this state are under investigation by the FBI because we destroyed government records, or because we leaked secrets.

I know that there are some in the Wall-Street-to-Washington axis of power who speak of all of us contemptuously. But I’m here to say that I think we are, in fact, the A team.

We have some remarkable people, and, in fact, not only are we the A team; we even have our own Mr. T, who doesn’t mind saying about others, “you’re a fool.”

And I’m delighted to be here with all of these guys, and would put any of them in an administration that I led. Thank you very much.

(APPLAUSE)

SEN. MARCIO RUBIO, R-FL.: Thank you. My name is Marco Rubio. I’m from Florida. My wife Jeanette and I are the proud — we’ve been married 17 years, and we’re the proud parents of four children, two of whom were able to join us here this evening.

I’m honored to be here at the Reagan Library, at a place that honors the legacy of a man who inspired not just my interest in public service, but also our love for country.

And I’m also aware that California has a drought, and so that’s why I made sure I brought my own water.

(LAUGHTER)

TAPPER: Senator Cruz?

SEN. TED CRUZ, R-TEXAS: I’m Ted Cruz. I am the son of an Irish-Italian mom and a Cuban immigrant dad who fled oppression and came to America seeking freedom. I’m a husband to my best friend, Heidi, who’s here tonight. I’m a dad to two little girls who are the loves of my life, Caroline and Catherine.

If you’re fed up with Washington, if you’re looking for someone to stand up to career politicians in both parties, I’m the only one on this stage who has done that over and over again, and if we stand together, we can bring America back. DR. BEN CARSON: Hi, I’m Ben Carson, and I’m a retired pediatric

neurosurgeon. I’m here with my wife, Candy, of 40 years, and two of my sons, and their wives.

I stress the pediatric part of my career because the reason that I’ve gotten involved in this race is because I’m very concerned about the future of our children, and the direction of our country is one that does not portend well, unless we, the people, intervene and retake our rightful place at the pinnacle.

And I just want to be — make it clear that I’m grateful to be here with all of you again, and welcome the addition of Carly Fiorina, as well.

(APPLAUSE)

DONALD TRUMP: I’m Donald Trump. I wrote “The Art of the Deal”. I say not in a braggadocious way, I’ve made billions and billions of dollars dealing with people all over the world, and I want to put whatever that talent is to work for this country so we have great trade deals, we make our country rich again, we make it great again. We build our military, we take care of our vets, we get rid of Obamacare, and we have a great life altogether.

Thank you. Thank you.

(APPLAUSE)

FORMER GOV. JEB BUSH, R-FLA.: I’m Jeb Bush, and I believe America’s on the verge of its greatest century, and I’m ready to lead. I’m a committed, conservative reformer that cut taxes, that balanced budgets, that took on the special interest in Florida, and we won.

I look forward to talking tonight about how we can fix a broken Washington D.C., and create an environment where people can rise up again in this great country.

Thank you.

(APPLAUSE)

GOV. SCOTT WALKER, R-WIS.: Good evening, I’m Scott Walker, and tonight, I want to thank Mrs. Reagan, and the Reagan Library for hosting us. You see, in my lifetime, the greatest president was a governor from California. Ronald Reagan knew how to go big, and go bold. He understood the essence of moving this country forward, and that’s what I did when I took on the status quo in my state, and the Washington based special interest.

Now, more than ever, America needs a leader who will go big and bold again. Someone who’s been tested. I’m ready to be that leader. Thank you.

(APPLAUSE)

CARLY FIORINA: Good evening. My story, from secretary to CEO, is only possible in this nation, and proves that everyone of us has potential. My husband, Frank, of 30 years, started out driving a tow truck for a family owned auto body shop. We have come to a pivotal point in our nation’s history where this nation’s possibilities and potential are being crushed by a government grown so big, so powerful, so inept, so corrupt, and a political class that refuses to do anything about it.

I am prepared to lead the resurgence of this great nation.

(APPLAUSE)

GOV. JOHN R. KASICH, R-OHIO: Hello, I’m John Kasich, the Governor of Ohio. Emma, and Reese, my children, and Karen, love ‘ya girls. Thanks for watching tonight.

By the way, I think I actually flew on this plane with Ronald Reagan when I was a congressman, and his goals, and mine, really much — are pretty much the same. Lift Americans, unify, give hope, grow America, and restore it is to that great, shining city on a hill.

Yes, he was a great one, and I learned much from watching him. The most important thing, hope to Americans, unify, lift everyone in America.

(APPLAUSE)

GOV. CHRIS CHRISTIE, R-N.J.: Hi, my name is Chris Christie, and I’d like to you take the camera off me and put it on the audience because I’d like to ask all of you, how many of you, raise your hand, believe that in today’s Barak Obama America your children will have a better life than you’ve had?

You see? That’s why I’m running for President. Because leadership is not about me, it’s about our country. And, what we talk about tonight, it’s not about us, it’s about the people in the audience tonight, because in seven short years this president has stripped away their trust, and their faith, and their belief that the next generation will have a better life. He’s stolen that from us, and when I’m president, I’m going to take it back.

(APPLAUSE)

TAPPER: Thank you one and all for being here. There are many important policy issues facing our nation. We’re going to get to many of them tonight, but I do want to start off with some current events in the news, and also some of the comments the candidates have recently made on the campaign trail.

TAPPER: Mrs. Fiorina, I want to start with you. Fellow Republican candidate, and Louisiana Governor Bobby Jindal, has suggested that your party’s frontrunner, Mr. Donald Trump, would be dangerous as President. He said he wouldn’t want, quote, “such a hot head with his finger on the nuclear codes.”

You, as well, have raised concerns about Mr. Trump’s temperament.

You’ve dismissed him as an entertainer. Would you feel comfortable with Donald Trump’s finger on the nuclear codes?

FIORINA: You know, I think Mr. Trump is a wonderful entertainer. He’s been terrific at that business.

I also think that one of the benefits of a presidential campaign is the character and capability, judgment and temperament of every single one of us is revealed over time and under pressure. All of us will be revealed over time and under pressure. I look forward to a long race.

TAPPER: You didn’t answer my question. Would you feel comfortable with Donald Trump’s finger on the nuclear codes? It’s an issue that one of your fellow candidates has raised.

FIORINA: That’s not for me to answer; it is for the voters of this country to answer, and I have a lot of faith in the common sense and good judgment of the voters of the United States of America.

TAPPER: Mr. Trump?

(APPLAUSE)

TRUMP: Well, first of all, Rand Paul shouldn’t even be on this stage. He’s number 11, he’s got 1 percent in the polls, and how he got up here, there’s far too many people anyway.

As far as temperament — and we all know that — as far as temperament, I think I have a great temperament. I built a phenomenal business with incredible, iconic assets, one of the really truly great real-estate businesses.

And I may be an entertainer, because I’ve had tremendous success with number-one bestsellers all over the place, with “The Apprentice” and everything else I’ve done.

But I will tell you this: What I am far and away greater than an entertainer is a businessman, and that’s the kind of mindset this country needs to bring it back, because we owe $19 trillion right now, $19 trillion, and you need this kind of thinking to bring our country back.

And believe me, my temperament is very good, very calm. But we will be respected outside of this country. We are not respected now.

(APPLAUSE)

TAPPER: Mr. — Senator Paul, your name has been invoked.

PAUL: I kind of have to laugh when I think of, “Mmm, sounds like a non sequitur.” He was asked whether or not he would be capable and it would be in good hands to be in charge of the nuclear weapons, and all of a sudden, there’s a sideways attack at me.

I think that really goes to really the judgment. Do we want someone with that kind of character, that kind of careless language to be negotiating with Putin? Do we want someone like that to be negotiating with Iran? I think really there’s a sophomoric quality that is entertaining about Mr. Trump, but I am worried. I’m very concerned about him — having him in charge of the nuclear weapons, because I think his response, his — his visceral response to attack people on their appearance — short, tall, fat, ugly — my goodness, that happened in junior high. Are we not way above that? Would we not all be worried to have someone like that in charge of the nuclear arsenal?

TAPPER: Mr. Trump?

(APPLAUSE)

TRUMP: I never attacked him on his look, and believe me, there’s plenty of subject matter right there.

(LAUGHTER)

That I can tell you.

WALKER: But Jake, Jake, Jake, Jake…

TAPPER: I want to — I want to give Mr. Trump…

WALKER: But Jake, this — this is — this…

TAPPER: … Mr. Trump, I want to give you another chance — Mr. Trump, I want to give you a chance to respond to something that your rival to your left, Governor Bush, said.

Governor Bush told me last week when I read him the quote from Governor Jindal that he agrees you’re not a serious candidate.

Tell Governor Bush why you are a serious candidate and what your qualifications are to be commander-in-chief. TRUMP: I’ve actually been in politics all my life, although I’ve been on that side as opposed to this side. I’m now a politician for about three months. Obviously, I’m doing pretty well. I’m number one in every polls (sic) by a lot.

But the qualification is that I’ve dealt with people all over the world, been successful all over the world. Everything I’ve done virtually has been a tremendous success.

When markets changed, when things turned, I heard Governor Pataki, who, by the way, was a failed governor in New York, a very seriously failed — he wouldn’t be elected dog catcher right now. I heard what he had to say.

And I will tell you this: Atlantic City, I’ve made a tremendous amount of money in Atlantic City. I left seven years ago, I’ve gotten great credit for my timing, and that’s what I’m all about.

I’m a businessman, did really well, really well, and Jeb, what I want to do is put that ability into this country to make our country rich again. And I can do that, and I’m not sure that anybody else in the group will be able to do that.

TAPPER: Governor Bush, would you feel comfortable with Donald Trump’s finger on the nuclear codes?

BUSH: I think the voters will make that determination.

But what I know to be true is that the next president of the United States is going to have to fix an extraordinary difficult situation. This administration, with President Obama and Hillary Clinton, has created insecurity the likes of which we never would’ve imagined. There’s not a place in the world where we’re better off today than six and a half years ago.

And that requires a steadiness. That requires an understanding of how the world works. That requires an understanding and appreciation of American leadership in the world.

You can’t just, you know, talk about this stuff and insult leaders around the world and expect a good result. You have to do this with a steady hand, and I believe I have those skills.

WALKER Jake, this is — this is — this is…

TRUMP: But I have to say…

WALKER This is actually what’s wrong — this is what’s wrong with this debate. We’re not talking about real issues.

And Mr. Trump, we don’t need an apprentice in the White House.

(APPLAUSE)

We don’t need an apprentice in the White House. We have one right now. He told us all the things we wanted to hear back in 2008. We don’t know who you are or where you’re going. We need someone who can actually get the job done.

And you talked about business.

TRUMP: Well, in Wisconsin…

WALKER You — you — let me finish…

TRUMP: Excuse me.

WALKER No, no…

TRUMP: In Wisconsin, you’re losing $2.2 billion right now.

WALKER You’re using the talking…

TRUMP: I would do so much better than that.

WALKER Mr. Trump, you’re using the talking points of the Democrats…

TRUMP: No.

WALKER … and as we all know…

TRUMP: I’m using facts.

WALKER … that failed three times in four and a half years when I got elected, because it is working. We balanced a budget.

You want to talk about balanced budgets? You took four major projects into bankruptcy over and over and over again. You can’t take America into bankruptcy. That’s what’s wrong with the politicians in Washington right now. They think we can take a country into bankruptcy.

(CROSSTALK)

TRUMP: Every major business leader, has used the — I never went bank bankrupt, by the way, as you know, everybody knows. But — hundreds of companies, hundreds of deals, I used the law four times and made a tremendous thing. I’m in business. I did a very good job.

But I will say this, and people are very, very impressed with what I’ve done, the business people. But when the folks of Iowa found out the true facts of the job that you’ve done in Wisconsin, all of a sudden you, tubed (ph), he was No. 1 and now he’s No. 6 or seven in the polls.

So, look, we brought it out, you were supposed to make a billion dollars in the state. You lost 2.2 — you have right now, a huge budget deficit. That’s not a Democratic point. That’s a point. That’s a fact. And when the people of Iowa found that out, I went to No. 1 and you went down the tubes.

TAPPER: Governor Walker?

WALKER: Jake, yeah, absolutely, I’ll take this on, because this is an issue that’s important in this race.

Just because he says it doesn’t make it true. The facts are the facts.

(APPLAUSE)

We balanced a $3.6 billion budget deficit, we did it by cutting taxes — $4.7 billion to help working families, family farmers, small business owners and senior citizens. And it’s about time people in America stand up and take note of this.

If you want someone that can actually take on the special interest of Washington, which you yourself said you were part of, using the system, we need somebody that will stand up and fight for average Americans to put them back in charge of their government.

I’m the one who is taking that on. I’ll do that as your next president.

TAPPER: Let’s move on.

(APPLAUSE)

KASICH: Jake, Jake. TAPPER: A phenomenon going on in the race right now is the

political…

OK, Governor Kasich, go ahead.

KASICH: Listen, you know, I — if I were sitting at home and watch thing back and forth, I would be inclined to turn it off. I mean, people at home want to know across this country, they want to know what we’re going to do to fix this place, how we’ll balance a budget, how we’re going to create more economic growth, how we’ll pay down the debt. What we’re going to do to strengthen the military.

So, we just spent 10 minutes here…

TAPPER: We have a lot of issues coming up, sir.

KASICH: But — but wait a minute. It’s a lot of ad hogshead. Now, I know that it may be buzzing out there, but I think it’s important we get to the issues, because that’s what people want, and they don’t want all this fighting.

TAPPER: We are getting to the issues, sir.

(APPLAUSE)

TAPPER: Phenomenon going on in the race is the political outsiders in the race, Dr. Carson, Donald Trump, Carly Fiorina, all together, have majority support in the polls.

Governor Christie, I want to ask you about something that Dr. Carson said the other day.

Dr. Carson said campaigning is easier for him, because he’s not a politician. He can just tell the truth, therefore, while politicians, quote, “Have their finger in the air to see and do what is politically expedient.”

Governor Christie, tell Dr. Carson, is that a fair description of you?

CHRISTIE: Well, I know Ben wasn’t talking about me, I’m sure he was talking about one of the other guys, not me.

(LAUGHTER)

As far as being an outsider is concerned — as far as being an outsider is concerned, let me tell you this, Jake, I’m a Republican in New Jersey. I wake up every morning as an outsider. I wake up every morning with a Democratic legislature who trying to beat my head in and fight me because I’m trying to bring conservative change to a state that needed it desperately.

And so, everyone can talk us here about their credentials. But the bottom line is, every morning I get up, I veto 400 bills from a crazy liberal Democratic legislature, not one of them has been overridden. I’ve vetoed more tax increases than any governor in American history, according to Americans for Tax Reform. What folks want in this country is somebody to go down there and get the job done. And that’s exactly what I’ll do.

So, I know this much, that what the American people want to hire right now is somebody who believes in them. And believes that they are the ones who can fix our country. I will be the vessel through which they can fix this country, but it’s not about me.

It’s about all of you. And getting this government off your back and out of your way, and letting you succeed. I know Ben wasn’t talking about me.

TAPPER: Well, let’s find out. Thank you.

CHRISTIE: Look at him smiling at me right now. I know Ben didn’t mean it about me. One of these other guys, I’m sure.

TAPPER: Thank you, Governor Christie.

Dr. Carson, who were you thinking about on this stage when you said that?

CHRISTIE: Be honest, Ben, be honest.

TAPPER: And more broadly, is experience in government not important for a president to have?

CARSON: Typically, politicians do things that are politically expedient. And they are looking for whatever their particular goal is.

That is not the reason that I have gotten into this thing. I’m extraordinary concerned about the direction of this country, the divisiveness that is going on, fiscal irresponsibility, the failure to take a leadership position in the world.

All of those things will lead to a situation where the next generation will not have a chance that we’ve had now. So I don’t — I don’t want to really get into describing who’s a politician and who’s not a politician, but I think the people have kind of made that decision for themselves already, and will continue to do so as time goes on.

TAPPER: Thank you, Dr. Carson.

CHRISTIE: See, Jake, it wasn’t me.

(LAUGHTER)

FIORINA: Jake, I’ll tell you — I’ll tell you why people are supporting outsiders. It’s because you know what happens if someone’s been in the system their whole life, they don’t know how broken the system is. A fish swims in water, it doesn’t know it’s water. It’s not that politicians are bad people, it’s that they’ve been in that system forever.

The truth is 75 percent of the American people think the government is corrupt; 82 percent of the American people think these problems that have festered for 50 years in some cases, 25 years in other cases. The border’s been insecure for 25 years; 307,000 veterans have died waiting for health care. These things have gone on for so long because no one will challenge the status quo.

You know what a leader does? They challenge the status quo, they solve problems that have festered for a long time and they produce results. That is what my whole life has been about. People know this is about far more than replacing a D with an R —

TAPPER: Thank you.

FIORINA: — this is about changing the system.

TAPPER: Thank you. Thank you Ms. Fiorina.

(APPLAUSE)

Governor Bush, in addition to the fact that he’s an outsider, one of the reasons Mr. Trump is a frontrunner, Republican voters say, is because they like the fact that he is not bought and paid for by wealthy donors. Mr. Trump has repeatedly said that the $100 million you’ve raised for your campaign makes you a puppet for your donors. Are you?

BUSH: No. Absolutely not. People are supporting me because I have a proven record of conservative leadership where I cut taxes $19 billion over eight years. We shrunk the state government workforce, we created a climate that led the nation in job growth seven out of eight years. We were one of two states to go to AAA bond rating. People know that we need principle-centered leadership, a disrupter to go to Washington, D.C. The one guy that had some special interests that I know of that tried to get me to change my views on something — that was generous and gave me money — was Donald Trump. He wanted casino gambling in Florida —

TRUMP: I didn’t —

BUSH: Yes you did.

TRUMP: Totally false.

BUSH: You wanted it and you didn’t get it because I was opposed to —

TRUMP: I would have gotten it.

BUSH: — casino gambling before —

TRUMP: I promise I would have gotten it.

BUSH: during and after. And that’s not — I’m not going to be bought by anybody.

TRUMP: I promise if I wanted it, I would have gotten it.

BUSH: No way. Believe me. TRUMP: I know my people.

BUSH: Not even possible.

TRUMP: I know my people.

TAPPER: Is there anything else you want to say about this?

TRUMP: No. I just will tell you that, you know, Jeb made the statement. I’m not only referring to him. I — a lot of money was raised by a lot of different people that are standing up here. And the donors, the special interests, the lobbyists have very strong power over these people.

I’m spending all of my money, I’m not spending — I’m not getting any — I turned down — I turn down so much, I could have right now from special interests and donors, I could have double and triple what he’s got. I’ve turned it down. I turned down last week $5 million from somebody.

So I will tell you I understand the game, I’ve been on the other side all of my life. And they have a lot of control over our politicians. And I don’t say that favorably, and I’m not sure if there’s another system, but I say this. I am not accepting any money from anybody. Nobody has control of me other than the people of this country. I’m going to do the right thing.

TAPPER: Governor — BUSH: You’ve got, according to your — to what you said on one of the talk shows, you got Hillary Clinton to go to your wedding —

TRUMP: That’s true. That’s true.

BUSH: — because you gave her money. Maybe it works for Hillary Clinton —

TRUMP: I was — excuse me, Jeb.

BUSH: — it doesn’t work for anybody on this — on stage.

TRUMP: I was a businessman, I got along with Clinton, I got along with everybody. That was my job, to get along with people.

BUSH: But the simple fact is —

TRUMP: I didn’t want to — excuse me. One second.

BUSH: No. The simple fact is, Donald, you could not take —

TRUMP: OK, more energy tonight. I like that.

(LAUGHTER)

Look —

BUSH: I was asked the question. TRUMP: I didn’t want — it was my obligation as a businessman to my family, to my company, to my employees, to get along with all politicians. I get along with all of them, and I did a damn good job in doing it. Go ahead.

BUSH: So he supports Pelosi, he supports Schumer, he supports Clinton —

TRUMP: Got along with everybody.

BUSH: When he — and he — when he asked — when he asked Florida to have casino gambling, we said no.

TRUMP: Wrong.

BUSH: We said no. And that’s the simple fact. The simple fact is —

TRUMP: Don’t make things up. Jeb, don’t make things up. Come on.

BUSH: Don’t cut me off.

TRUMP: Don’t make things up.

CARSON: Jake, can I say something about that?

TAPPER: Sure Dr. Carson.

CARSON: You know, when I entered this race, all the political pundits said it’s impossible; you can’t do it because you’re not connected with the money. And there’s no way that you can raise what you need in order to compete successfully.

I in no way am willing to get in the bed with special interest group or lick the boots of billionaires. I have said to the people if they want me to do this, please get involved. And we now have over 500,000 donations, and the money is coming in.

But the pundits forgot about one thing, and that is the people. And they are really in charge.

TAPPER: Thank you, Dr. Carson. Let’s move to Russia if we could.

Russia is sending troops and tanks into Syria right now to prop up a U.S. enemy, Bashar al-Assad. President Obama’s incoming top general says, quote, “Russia presents the greatest threat to our national security.”

Mr. Trump, you say you can do business with President Vladimir Putin, you say you will get along, quote, “very well.” What would you do right now if you were president, to get the Russians out of Syria?

TRUMP: So, number one, they have to respect you. He has absolutely no respect for President Obama. Zero.

Syria’s a mess. You look at what’s going on with ISIS in there, now think of this: we’re fighting ISIS. ISIS wants to fight Syria. Why are we fighting ISIS in Syria? Let them fight each other and pick up the remnants.

I would talk to him. I would get along with him. I believe — and I may be wrong, in which case I’d probably have to take a different path, but I would get along with a lot of the world leaders that this country is not getting along with.

We don’t get along with China. We don’t get along with the heads of Mexico. We don’t get along with anybody, and yet, at the same time, they rip us left and right. They take advantage of us economically and every other way. We get along with nobody.

I will get along — I think — with Putin, and I will get along with others, and we will have a much more stable — stable world.

TAPPER: So, you — just to clarify, the only answer I heard to the question I asked is that you would — you would reach out to Vladimir Putin, and you would do what? You would…

TRUMP: I believe that I will get along — we will do — between that, Ukraine, all of the other problems, we won’t have the kind of problems that our country has right now with Russia and many other nations. TAPPER: Senator Rubio, you’ve taken a very different approach to the — the question of Russia. You’ve called Vladimir Putin a, quote, “gangster.”

Why would President Rubio’s approach be more effective than President Trump’s?

RUBIO: Well, first of all, I have an understanding of exactly what it is Russia and Putin are doing, and it’s pretty straightforward. He wants to reposition Russia, once again, as a geopolitical force.

He himself said that the destruction of the Soviet Union — the fall of the Soviet Union was the greatest geopolitical catastrophe of the 20th century, and now he’s trying to reverse that.

He’s trying to destroy NATO. And this is what this is a part of. He is exploiting a vacuum that this administration has left in the Middle East.

Here’s what you’re going to see in the next few weeks: the Russians will begin to fly — fly combat missions in that region, not just targeting ISIS, but in order to prop up Assad.

He will also, then, turn to other countries in the region and say, “America is no longer a reliable ally, Egypt. America is no longer a reliable ally, Saudi Arabia. Begin to rely on us.”

What he is doing is he is trying to replace us as the single most important power broker in the Middle East, and this president is allowing it. That is what is happening in the Middle East. That’s what’s happening with Russia, and…

TAPPER: Thank you, Senator Rubio.

(CROSSTALK) TAPPER: I want to bring in Carly Fiorina.

(APPLAUSE)

FIORINA: Having…

TAPPER: Ms. Fiorina, you have met…

FIORINA: Having met Vladimir Putin, if I may…

TAPPER: …yeah, you’ve met Vladimir Putin. Yes.

FIORINA: Having met Vladimir Putin, I wouldn’t talk to him at all. We’ve talked way too much to him.

What I would do, immediately, is begin rebuilding the Sixth Fleet, I would begin rebuilding the missile defense program in Poland, I would conduct regular, aggressive military exercises in the Baltic states. I’d probably send a few thousand more troops into Germany. Vladimir Putin would get the message. By the way, the reason it is so critically important that every one of us know General Suleimani’s name is because Russia is in Syria right now, because the head of the Quds force traveled to Russia and talked Vladimir Putin into aligning themselves with Iran and Syria to prop up Bashar al- Assad.

Russia is a bad actor, but Vladimir Putin is someone we should not talk to, because the only way he will stop is to sense strength and resolve on the other side, and we have all of that within our control.

We could rebuild the Sixth Fleet. I will. We haven’t. We could rebuild the missile defense program. We haven’t. I will. We could also, to Senator Rubio’s point, give the Egyptians what they’ve asked for, which is intelligence.

We could give the Jordanians what they’ve asked for…

TAPPER: Thank you, Ms. Fiorina.

FIORINA: …bombs and material. We have not supplied it…

TAPPER: Thank you.

FIORINA: …I will. We could arm the Kurds. They’ve been asking us for three years. All of this is within our control.

(APPLAUSE)

TAPPER: Thank you. Thank you, Ms. Fiorina.

While you’re — while you brought up the subject of General Suleimani of the Quds forces from Iran, the next president, no matter who he or she may be, will inherit President Obama’s Iran deal.

Senator Cruz, Governor Kasich says that anyone who is promising to rip up the Iran deal on day one, as you have promised to do, is, quote, “inexperienced,” and, quote, “playing to a crowd.” Respond to Governor Kasich, please.

CRUZ: Well, let me tell you, Jake, the single biggest national security threat facing America right now is the threat of a nuclear Iran. We’ve seen six and a half years of President Obama leading from behind. Weakness is provocative, and this Iranian nuclear deal is nothing short of catastrophic.

This deal, on its face, will send over $100 billion to the Ayatollah Khamenei, making the Obama administration the world’s leading financier of radical Islamic terrorism.

This deal abandons four American hostages in Iran, and this deal will only accelerate Iran’s acquiring nuclear weapons. You’d better believe it. If I am elected president, on the very first day in office, I will rip to shreds this catastrophic Iranian nuclear deal.

(APPLAUSE)

TAPPER: Why is that not, as Governor Kasich says, playing to the crowd and an example of you being inexperienced?

CRUZ: Well, let’s be clear when it comes to experience. What President Obama wants to do is he’s run to the United Nations, and he wants to use the United Nations to bind the United States, and take away our sovereignty. Well, I spent five and a half years as a Solicitor General of Texas, the lead lawyer for the state, in front of the U.S. Supreme Court, and I went in front of the Supreme Court, and took on the world court of the United Nations in a case called Medellin v. Texas, and we won a historic victory saying the World Court, and the U.N., has no power to bind the United States, and no President of the United States, Republican or Democrat, has the authority to give away our sovereignty.

And, so, if there’s anyone up here who would be bound by this catastrophic deal with Iran, they’re giving up the core responsibility of commander in chief, and as president, I would never do that.

TAPPER: Governor Kasich…

KASICH: …Yeah, well…

TAPPER: …Did Senator Cruz just play to the crowd?

KASICH: Well, let me just say this. First of all, I think it’s a bad agreement, I would never have done it. But, you know, a lot of our problems in the world today is that we don’t have the relationship with our allies. If we want to go everywhere alone, we will not have the strength as (ph) if we could rebuild with our allies.

Now, this agreement, we don’t know what’s going to happen in 18 months. I served on the Defense Committee for 18 years. I’ve seen lots of issues in foreign affairs, and foreign — in terms of global politics, you have to be steady.

Now, here’s the — if they cheat, we slap the sanctions back on. If they help Hamas, and Hezbollah, we slap the sanctions back on. And, if we find out that they may be developing a nuclear weapon, than the military option is on the table. We are stronger when we work with the Western civilization, our friends in Europe, and just doing it on our own I don’t think is the right policy.

TAPPER: …Thank you, Governor. I want to go to Senator Paul.

TRUMP(?): …Slow (ph) and steady, (inaudible) chicken…

TAPPER: I want to go to Senator Paul. Senator Paul, the White House is rolling out the red carpet next week for the President of China, President Xi. Governor Walker says that President Obama should cancel the state dinner because of China’s currency manipulation, and because of China’s alleged cyber attacks against the United States.

Is Governor Walker right?

PAUL: I think this goes back to essentially what we’ve been saying for the last two or three questions. Carly Fiorina also said we’re not going to talk with Putin. Well, think if Reagan had said that during the Cold War? We continued to talk with the Russians throughout the Cold War which is much more significant that where we are now.

Should we continue to talk with Iran? Yes. Should we cut up the agreement immediately? That’s absurd. Wouldn’t you want to know if they complied? Now, I’m going to vote against the agreement because I don’t think there’s significant leverage, but it doesn’t mean that I would immediately not look at the agreement, and cut it up without looking to see if whether or not Iran has complied.

The same goes with China. I don’t think we need to be rash, I don’t think we need to be reckless, and I think need to leave lines of communication open. Often we talk about whether we should be engaged in the world, or disengaged in the world, and I think this is an example of some who want to isolate us, actually, and not be engaged.

We do need to be engaged with Russia. It doesn’t mean we give them a free pass, or China a free pass, but, to be engaged, to continue to talk. We did throughout the Cold War, and it would be a big mistake not to do it here.

TAPPER: Governor Walker, Senator Paul seemed to suggest…

(APPLAUSE)

TAPPER: …that canceling the state dinner would be rash, and reckless.

WALKER: Two parts to that, one on China, one back for a second on Iran.

When it comes to China, why would we be giving an official state visit to a country that’s been involved in a massive cyber attack against the United States? That’s not just a visit, that’s a 21 gun salute on the South Lawn of the White House. It just doesn’t make any sense. If we’re ever going to send a message to them, wouldn’t this be the time, when they’ve issued this, sort of, massive attack against us? And, Jake, for the question, I was one of the first ones to call for terminating the bad deal with Iran on day one. The President came after me and said I need to bone up. You know, the President who called ISIS the JV squad said I needed to bone up.

The reality is it’s a bad deal on day one, and it’s a bad deal because this president has allowed Iran to go closer, and closer.

I’d love to play cards with this guy because Barack Obama folds on everything with Iran. We need a leader who’s going to stand up, and actually (INAUDIBLE)…

FIORINA: …Jake…

TAPPER: …Governor Bush…

CRUZ(?): …Jake…

TAPPER: Governor Bush, your father was the chief diplomatic envoy to China back when Nixon opened relations to China. Is Scott Walker’s approach the right one, canceling the state dinner?

BUSH: No, I don’t think so, but we need to be strong against China. We should use offensive tactics as it relates to cyber security, send a deterrent signal to China. There should be super sanctions in what President Obama has proposed. There’s many other tools that we have without canceling a dinner. That’s not going to change anything, but we can be much stronger as it relates to that.

As it relates to Iran, it’s not a strategy to tear up an agreement. A strategy would be how do we confront Iran? And, the first thing that we need to do is to establish our commitment to Israel which has been altered by this administration. And, make sure that they have the most sophisticated weapons to send a signal to Iran that we have Israel’s back.

If we do that, it’s going to create a healthier deterrent effect than anything else I can think of.

TAPPER: I want to turn…

FIORINA: …Jake, (INAUDIBLE)…

(APPLAUSE)

TAPPER: …I want to turn to Governor Huckabee who has been very patient. Somebody had to be 11th, and he is, but, I do want to change the subject to the event that you had…

HUCKABEE: I would certainly love to get in on this, because I think the single…

(CROSSTALK)

TAPPER: … however you want, but I want to ask this question.

HUCKABEE: I’ve been patiently waiting, and I’m going to just say this about Iran.

TAPPER: All right, sir, go ahead.

HUCKABEE: Because I think it is incredibly important. This is really about the survival of Western civilization. This is not just a little conflict with a Middle Eastern country that we’ve just now given over $100 billion to, the equivalent in U.S. terms is $5 trillion.

This threatens Israel immediately, this threatens the entire Middle East, but it threatens the United States of America. And we can’t treat a nuclear Iranian government as if it is just some government that would like to have power. This is a government for 36 years has killed Americans, they kidnapped Americans, they have maimed Americans. They have sponsored terrorist groups, Hamas and Hezbollah, and they threaten the very essence of Western civilization.

To give them this agreement, that the president treats like the Magna Carta, but Iranians treat it like it’s toilet paper, and we must, simply, make it very clear that the next president, one of us on this stage, will absolutely not honor that agreement, and will destroy it and will be tough with Iran, because otherwise, we put every person in this world in a very dangerous place.

(APPLAUSE)

TAPPER: OK.

(UNKNOWN): Jake, I’d like to…

TAPPER: We’re going to turn now to Hugh Hewitt, from Salem Radio Network.

HUGH HEWITT, RADIO HOST: Thank you, Jake.

Mr. Trump, two years ago, President Obama drew a red line that the Syrian dictator Bashar Assad crossed, President Obama threatened to strike. He did not, his knees buckled.

We now have 4 million refugees, Syria is a living hell, and he turned to the Congress for the authority to back him up. You have three senators to your right that said, no. Do they bear responsibility for this refugee crisis, and what would you have done when Bashar Assad crossed the line?

TRUMP: I wouldn’t have drawn the line, but once he drew it, he had no choice but to go across. They do bear some responsibility, but I think he probably didn’t do it, not for that reason.

Somehow, he just doesn’t have courage. There is something missing from our president. Had he crossed the line and really gone in with force, done something to Assad — if he had gone in with tremendous force, you wouldn’t have millions of people displaced all over the world.

HEWITT: How much responsibility, Mr. Trump, do the senators hold?

TRUMP: They had a responsibility, absolutely. I think we have three of them here…

HEWITT: Senator Rubio…

TRUMP: I think they had a responsibility, yes.

RUBIO: Let me tell you — I will tell you we have zero responsibility, because let’s remember what the president said. He said the attack he would conduct would be a pinprick. Well, the United States military was not build to conduct pinprick attacks.

If the United States military is going to be engaged by a commander- in-chief, it should only be engaged in an endeavor to win. And we’re not going to authorize use of force if you’re not put in a position where they can win.

And quite frankly, people don’t trust this president as commander-in- chief because of that.

(APPLAUSE)

HEWITT: Senator Paul? PAUL: I think this gets to the point of wisdom on when to intervene and when we shouldn’t. Had we bombed Assad at the time, like President Obama wanted, and like Hillary Clinton wanted and many Republicans wanted, I think ISIS would be in Damascus today. I think ISIS would be in charge of Syria had we bombed Assad.

Sometimes both sides of the civil war are evil, and sometimes intervention sometimes makes us less safe. This is real the debate we have to have in the Middle East.

Every time we have toppled a secular dictator, we have gotten chaos, the rise of radical Islam, and we’re more at risk. So, I think we need to think before we act, and know most interventions, if not a lot of them in the Middle East, have actually backfired on us.

TAPPER: Thank you, Senator Paul.

(APPLAUSE)

I want to turn now to my colleague Dana Bash.

RUBIO: Hold on, a second, Jake, he asked me, as well. I’d like to actually…

TAPPER: That would be fair, you’re right. You’re the third senator.

RUBIO: … respond. I think I’m the first senator.

(LAUGHTER)

The No. 1 test for use of military force should be the vital national security interest of the United States. The reason why I opposed President Obama bombing Syria, is because he couldn’t answer the question what do you do if chemical weapons end up in the hands of radical Islamic terrorists like al-Nusra, like Al Qaida, like ISIS?

Now, I also want to respond to several folks up here who said we should trust this Iranian deal, see if the Iranians will comply.

Anyone who is paying attention to what Khamenei says knows that they will not comply. There is a reason Khamenei refers to Israel as the little Satan, and America as the great Satan.

In the middle of negotiating this treaty, Khamenei led the assembled masses in chanting, death to America. I’m reminded of a great editorial cartoon. It shows the Ayatollah Khamenei saying, “Death to all Americans,” and then it shows John Kerry coming back, saying, “Can we meet ya half way?”

(LAUGHTER)

We need a commander-in-chief who will stand up and protect this country. And I’ll tell you, I can’t wait to stand on that debate stage with Hillary Clinton and to make abundantly clear if you vote for Hillary, you are voting for the Ayatollah Khomeini to possess a nuclear weapon and if you elect me as president, under no circumstances will a theocratic ayatollah who chants death to America ever be allowed to acquire a nuclear weapon.

(CROSSTALK)

TAPPER: We’re going to go to Dana Bash…

(CROSSTALK)

KASICH: No, no, no. I want to — I want to — I want to say something about what the senator just said.

FIORINA: And then it’ll be my turn.

KASICH: No one is — no — let me — let me suggest to you we believe that we operate better in the world when our allies work with us. President Bush did it in the Gulf War. We work better when we are unified.

Secondly, nobody’s trusting Iran. They violate the deal, we put on the sanctions, and we have the high moral ground to talk to our allies in Europe to get them to go with us.

If they don’t go with us, we slap the sanctions on anyway. If they fund these radical groups that threaten Israel and all of the West, then we should rip up the deal and put the sanctions back on.

And let me make it clear — let me make it clear…

(CROSSTALK)

KASICH: … if we think — if we think they’re getting close to a — to developing a nuclear weapon and we get that information, you better believe that I would do everything in my power as the commander-in- chief to stop them having a nuclear weapon.

CRUZ: Jake, Jake… KASICH: We can have it, and we can have our allies, and we can be strong as a country, and we can project across this globe with unity, not just doing it alone. That is not what gets us where we want to get as a nation.

TAPPER: Senator Cruz?

CRUZ: Jake, there is no more important topic in 2016 than this topic right here, and I’ve listened to several folks saying, “Well, gosh, if they cheat, we’ll act.”

We won’t know under this agreement — there are several facilities in Iran they designate as military facilities that are off limit all together. Beyond that, the other facilities, we give them 24 days notice before inspecting them. That is designed to allow them to hide the evidence.

And most astonishingly, this agreement trusts the Iranians to inspect themselves. That makes no sense whatsoever.

And let me know — President Obama is violating federal law…

TAPPER: Thank you, Senator.

CRUZ: … by not handing over the side deals, and we ought to see the United States Congress…

TAPPER: Thank you, Senator.

CRUZ: … stand up together and say, “Hand over this treaty, and protect this country.”

TAPPER: Thank you, Senator. I want to…

FIORINA: Jake?

TAPPER: … turn back to Governor Huckabee…

FIORINA: Jake?

TAPPER: I want to turn back to Governor Huckabee.

Governor Huckabee, last week, you held a rally for a county clerk in Kentucky who was jailed for refusing to issue marriage licenses to same-sex couples, as I don’t need to tell you.

You’ve called what happened to Kim Davis, that clerk, “an example of the criminalization of Christianity.” There are several people on the stage who disagree with you.

Governor Bush, for example, says that that clerk is sworn to uphold the law. Is Governor Bush on the wrong side of the criminalization of Christianity?

HUCKABEE: No, I don’t think he’s on the wrong side of such an issue. Jeb is a friend. I’m not up here to fight with Jeb or to fight with anybody else.

But I am here to fight for somebody who is a county clerk elected under the Kentucky constitution that 75 percent of the people of that state had voted for that said that marriage was between a man and a woman.

The Supreme Court in a very, very divided decision decided out of thin air that they were just going to redefine marriage. It’s a decision that the other justices in dissent said they didn’t have and there wasn’t a constitutional shred of capacity for them to do it.

I thought that everybody here passed ninth-grade civics. The courts cannot legislate. That’s what Roberts said. But heck, it’s what we learned in civics.

The courts can’t make a law. They can interpret one. They can review one. They can’t implement it. They can’t force it.

But here’s what happened: Because the courts just decided that something was going to be and people relinquished it and the other two branches of government sat by silently — I thought we had three branches of government, they were all equal to each other, we have separation of powers, and we have checks and balances.

If the court can just make a decision and we just all surrender to it, we have what Jefferson said was judicial tyranny.

The reason that this is a real issue that we need to think about…

TAPPER: Thank you, Governor.

HUCKABEE: No, no. Let me finish this one thought, Jake. I haven’t gotten that much time, so I’m going to take just what little I can here.

We made accommodation to the Fort Hood shooter to let him grow a beard. We made accommodations to the detainees at Gitmo — I’ve been to Gitmo, and I’ve seen the accommodations that we made to the Muslim detainees who killed Americans.

HUCKABEE: You’re telling me that you cannot make an accommodation for an elected Democrat county clerk from Rowan County, Kentucky? What else is it other than the criminalization of her faith and the exaltation of the faith of everyone else who might be a Fort Hood shooter or a detainee at Gitmo?

(APPLAUSE)

TAPPER: Well, I’m not telling you that, Governor. But Governor Bush is, because he — because he disagrees. He thinks that Kim Davis swore to uphold the law.

You disagree? You’re not — you don’t…

BUSH: I don’t think — you’re not stating my views right.

TAPPER: OK. Please do.

BUSH: I think there needs to be accommodation for someone acting on faith. Religious conscience is — is — is a first freedom. It’s — it’s a powerful part of our — of our Bill of Rights.

And, in a big, tolerant country, we should respect the rule of law, allow people in — in — in this country — I’m a — I was opposed to the decision, but we — you can’t just say, “well, they — gays can’t get married now.”

But this woman, there should be some accommodation for her conscience, just as there should be for people that are florists that don’t want to participate in weddings, or bakers. A great country like us should find a way to have accommodations for people so that we can solve the problem in the right way. This should be solved at the local level…

TAPPER: You did…

BUSH: And so we do agree, Mike.

CHRISTIE: I was —

(CROSSTALK)

TAPPER: Governor, you said, quote, “she is sworn to uphold the law.”

CHRISTIE: She is, and so if she, based on conscience, can’t sign that — that marriage license, then there should be someone in her office to be able to do it, and if the law needs to be changed in the state of Kentucky, which is what she’s advocating, it should be changed.

TAPPER: Let me go to my colleague Dana Bash, who has a question.

DANA BASH, CNN CORRESPONDENT: Governor Kasich, Senator Cruz is so committed to stripping federal funds from Planned Parenthood that it could result in shutting down the federal government in just about two weeks. Do you agree with Senator Cruz’s tactic?

KASICH: Well, I agree that we should defund Planned Parenthood. I don’t know many people in America who don’t think that we should, and in my state, we’re trying to figure out how to get it done, because we are threatened with the federal government taking all of our Medicaid money away.

I think there is a way to get this done by giving governors the ability to be able to act to defund Planned Parenthood. But when (ph) it comes to closing down the federal government, you gotta be very careful about that.

When we shut the government down — if we have a chance at success and it’s a great principle, yes. The president of the United States is not going to sign this, and all we’re gonna do is shut the government down, and then we’re gonna open up — open it up, and the American people are gonna shake their heads and say, “what’s the story with these Republicans?” So I think there is a way to get to cutting off the funding for

Planned Parenthood. I was in the Congress for 18 years, balanced the budget, cut taxes, got it done. Changed welfare, went around the president to get welfare reform done.

There are ways to do it without having to shut the government down, but I’m sympathetic to the fact that we don’t want this organization to get funding, and the money ought to be reprogrammed for family planning in other organizations that don’t support this tactic.

But I would not be for shutting the government down…

BASH: Thank you.

KASICH: …because I don’t think it’s going to work out.

BASH: Thank you.

Senator Cruz, I would just add that, on this stage not that long ago, Senator Graham said that this tactic that you’re pushing would tank the Republicans’ ability to win in 2016.

CRUZ: Well, let me tell you, Dana, number one, I’m proud to stand for life. These Planned Parenthood videos are horrifying. I would encourage every American to watch the videos. See — seeing your Planned Parenthood officials callously, heartlessly bartering and selling the body parts of human beings, and then ask yourself, “are these my values?”

These are horrifying. On these videos, Planned Parenthood also essentially confesses to multiple felonies. It is a felony with ten years’ jail term to sell the body parts of unborn children for profit. That’s what these videos show Planned Parenthood doing.

Absolutely we shouldn’t be sending $500 million of taxpayer money to funding an ongoing criminal enterprise, and I’ll tell you, the fact that Republican leadership in both houses has begun this discussion by preemptively surrendering to Barack Obama and saying, “we’ll give in because Obama threatens a veto.”

You know, Obama’s committed to his principles. His liberal principles, he will fight for them. He says…

BASH: Thank you, senator.

CRUZ: I will veto any budget that doesn’t fund Planned Parenthood, and Republicans surrender. We need to stop surrendering and start standing…

BASH: Thank you…

CRUZ: …for our principles.

(APPLAUSE)

(CROSSTALK) BASH: Governor — governor, I want to go to you. Is it what Senator

Cruz says, a surrender by Republicans?

CHRISTIE: We’re not — what I can tell you is this. We didn’t surrender in New Jersey, six years ago, as the brand new first ever pro-life governor of New Jersey since Roe versus Wade, I defended Planned Parenthood.

And I’ve vetoed Planned Parenthood funding, now, eight times in New Jersey. Since the day I walked in as governor, Planned Parenthood has not been funded in New Jersey. We stood up and every one of those vetoes has been sustained.

But here’s the problem, we’re — we’re fighting with each other up here. We agree. Let’s ask Hillary Clinton. She believes in the systematic murder of children in the womb to preserve their body parts…

BASH: But…

CHRISTIE: …Dana, in a way that maximizes their value for sale for profit. It is disgusting, and the American people need to hear it…

BASH: But is it…

CHRISTIE: …we shouldn’t be fighting with each other. She’s the real opponent, she’s the real problem.

BASH: But, governor, the — but, governor, the reality is, in just two weeks’ time…

(APPLAUSE)

BASH: …we are going to be facing a question about whether or not it’s enough to shut down the government to make that statement, because there is still a Democrat in the White House. Do you oppose it or support it?

CHRISTIE: I’ll tell you what — I’ll tell you what I’d be willing to fight for. I’ll tell you what I’d be willing to fight for. Why will (ph) we put tax reform on the president’s desk, so we can simplify this tax system?

BASH: Yes or no, do you support this shutdown?

CHRISTIE: No, no, it’s really important, Dana. We got to talk about what we would be willing to shut down for. Why don’t we put tax reform on this president’s desk, and make him veto it if that’s what he wants to do? Why haven’t we repealed and replaced Obamacare?

Make him veto if that’s what he wants to do.

BASH: We’re talking about Planned Parenthood right now.

CHRISTIE: And why don’t we do the same thing with Planned Parenthood?

BASH: Can you answer yes or no?

CHRISTIE: We elected a Republican Congress to do this. And they should be doing it, and they’re not. And they’re giving the president a pass.

FIORINA: Dana, I’d like to…

BASH: One more time. I’m sorry, I just want to get the answer.

CHRISTIE: I put it in the list, Dana. We should be doing these things and forcing the president to take action.

BASH: So you would support a shutdown.

CHRISTIE: Let’s force him to do what he says he’s going to do. Now I don’t know whether he’ll do it or not, but let’s force him to do it.

FIORINA: Dana, I would like to link these two issues, both of which are incredibly important, Iran and Planned Parenthood.

One has something to do with the defense of the security of this nation. The other has something to do with the defense of the character of this nation. You have not heard a plan about Iran from any politician up here, here is my plan. On day one in the Oval Office, I will make two phone calls, the first to my good friend to Bibi Netanyahu to reassure him we will stand with the state of Israel.

The second, to the supreme leader, to tell him that unless and until he opens every military and every nuclear facility to real anytime, anywhere inspections by our people, not his, we, the United States of America, will make it as difficult as possible and move money around the global financial system.

We can do that, we don’t need anyone’s cooperation to do it. And every ally and every adversary we have in this world will know that the United States in America is back in the leadership business, which is how we must stand with our allies.

As regards Planned Parenthood, anyone who has watched this videotape, I dare Hillary Clinton, Barack Obama to watch these tapes. Watch a fully formed fetus on the table, it’s heart beating, it’s legs kicking while someone says we have to keep it alive to harvest its brain.

This is about the character of our nation, and if we will not stand up in and force President Obama to veto this bill, shame on us.

(APPLAUSE)

TAPPER: Dana, I want to continue on the subject.

Governor Bush, you recently said while discussing Planned Parenthood, quote, you’re “not sure we need a half billion for women’s health issues.” Now you’ve since said that you misspoke, you didn’t mean to say “women’s health issues.”

But Donald Trump said that quote, that comment, which Hillary Clinton did seize upon immediately, will haunt you the same way Mitt Romney’s 47 percent video haunted him.

Tell Donald Trump why he’s wrong.

BUSH: Well, he’s wrong on a lot of things, but on this he’s wrong because I’m the most pro-life governor on this stage. I got to act on my core beliefs. It’s part of who I am. Life is a gift from God. And from beginning end we need to respect it and err on the side of life.

And so I defunded Planned Parenthood. We created a climate where parental notification took place. We were the only state to fund crisis pregnancy centers with state moneys. We were totally focused on this. And I would bring that kind of philosophy to Washington, D.C.

So here is a solution to this. Title X of the HHS funding, there is something that was the “Reagan Rule.” It was passed in 1988. And in that rule it was defined, and the courts approved this, that a Planned Parenthood, you couldn’t separate the money between the actual abortion procedures, and there are 330,000 abortions that take place in this clinic, and their promotion of it.

He interpreted it the right way, the courts ruled in his favor, and Planned Parenthood did not get funding during that time until President Clinton came in.

When I’m elected president, we will restore that interpretation of Title X. And this deal will be finished.

(APPLAUSE)

TAPPER: Thank you, Governor Bush.

Donald Trump, let me just…

TRUMP: Jeb, just…

TAPPER: The quote was, “I’m not sure we need half a billion dollars for women’s health issues.” He said he misspoke. You said that that’s going to haunt him. Why do you think that?

TRUMP: I think it will haunt him. I think it’s a terrible. I think it’s going to haunt him absolutely. He came back later and he said he misspoke. There was no question because I heard when he said the statement. I was watching and he said the statement.

And I said, wow, I can’t believe it. I will take care of women. I respect women. I will take care of women.

One thing we will say and I would like to get back to the Iran situation. We’re talking about Iran. The agreement was terrible. It was incompetent. I’ve never seen anything like it. One of the worst contracts of any kind I’ve ever seen.

And nobody ever mentions North Korea where you have this maniac sitting there and he actually has nuclear weapons and somebody better start thinking about North Korea and perhaps a couple of other places. But certainly North Korea.

And Ted and I have spoken. We’ve — a lot of us have spoken. We’re talking about Iran. They are bad actors, bad things are going to happen. But in the meantime, you have somebody right now in North Korea who has got nuclear weapons and who is saying almost every other week, I’m ready to use them. And we don’t even mention it.

TAPPER: Governor Bush?

BUSH: There are 13,000 community-based organizations that provide health services to women, 13,000 in this country. I don’t believe that Planned Parenthood should get a penny from the federal government. Those organizations should get funding, just as I increased funding when I was governor of the state.

That’s the way you do this is you improve the condition for people. And, Donald, when I was governor, we also increased the opportunities for women.

Women’s income grew three times faster than the national average when I was governor.

TRUMP: So why didn’t you say it? Why didn’t you say it?

BUSH: We improved — we improved —

TRUMP: I know, but why did you say it? I heard it myself. Why did you say it?

BUSH: — we increased child support — we increased child support with a broken system by 90 percent.

TRUMP: You said you’re going to cut funding for women’s health. You said it.

BUSH: I have a proven record. I have a proven record.

TRUMP: You said it.

TAPPER: I want to — we’re going to get to —

WALKER: Jake, just one more moment. This is — there’s something bigger to this. Now, I — like so many other governors here, I defunded Planned Parenthood four-and-a-half years ago, in a Blue State. But it’s bigger than that. We did that in a Blue State, we took the money and put it into women’s health, so we did exactly what we’re talking about here.

But I think the bigger issue here is we should be able to do this nationally, and this is precisely why so many Republicans are upset with Washington. They see the House and they see the Senate and they say why can’t we pass this. Why can’t we defund Planned — put it in a spending bill.

Forget about the 60-vote rule, there’s no reason — and the Constitution doesn’t call for 60 votes. Pass it with 51 votes, put it on the desk of the president —

TAPPER: Thank you, Governor.

WALKER: — and go forward and actually make a point. This is why —

TAPPER: Thank you, Governor.

WALKER: — people are upset with Washington.

TAPPER: We’re going to — we’re going to get to many of these issues. This — we’re still in the first block, believe it or not. We’re going to get to many of these issues, but before we end this block, Ms. Fiorina, I do want to ask you about this.

In an interview last week in Rolling Stone magazine, Donald Trump said the following about you. Quote, “Look at that face. Would anyone vote for that? Can you imagine that, the face of our next president?” Mr. Trump later said he was talking about your persona, not your appearance. Please feel free to respond what you think about his persona.

(LAUGHTER)

FIORINA: You know, it’s interesting to me, Mr. Trump said that he heard Mr. Bush very clearly and what Mr. Bush said. I think women all over this country heard very clearly what Mr. Trump said.

(APPLAUSE)

TRUMP: I think she’s got a beautiful face, and I think she’s a beautiful woman.

TAPPER: All right. On that note, in less than two minutes — we’re going to take a very quick break. In less than two minutes, the most contentious issue on the campaign trail. And the candidates on the stage are split over how to handle it. That’s coming up next.

Please give some applause to the candidates.

(APPLAUSE)

(COMMERCIAL BREAK)

TAPPER: Welcome to CNN’s Republican Presidential Debate. No topic perhaps has been more combustible in this campaign than the issue of immigration.

Mr. Trump, you have called for deporting every undocumented immigrant, Governor Christie has said, quote, “There are not enough law enforcement officers — local, county, state and federal combined — to forcibly deport 11 to 12 million people.”

Tell Governor Christie how much your plan will cost, and how you will get it done.

TRUMP: Correct. First of all, I want to build a wall, a wall that works. So important, and it’s a big part of it.

Second of all, we have a lot of really bad dudes in this country from outside, and I think Chris knows that, maybe as well as anybody.

They go, if I get elected, first day they’re gone. Gangs all over the place. Chicago, Baltimore, no matter where you look.

We have a country based on laws. I will make sure that those laws are adhered to. These are illegal immigrants. I don’t think you’d even be asking this question if I didn’t run because when I ran, and I brought this up, my opening remarks at Trump Tower, I took heat like nobody has taken heat in a long time. And, then they found out with the killing of Katie, from San Francisco, and so many other crimes, they found out that I was right.

And, most people, many people, apologized to me. I don’t think you’d even be talking about illegal immigration if it weren’t for me. So, we have a country of laws, they’re going to go out, and they’ll come back if they deserve to come back. If they’ve had a bad record, if they’ve been arrested, if they’ve been in jail, they’re never coming back. We’re going to have a country again. Right now, we don’t have a country, we don’t have a border, and we’re going to do something about it, and it can be done with proper management, and it can be done with heart.

TAPPER: Governor Christie, you and I have talked about this in an interview. You say that his big wall, his plan to deport 11 to 12 million undocumented immigrants, it sounds great, but it’s never going to happen.

Tell him why you’re skeptical of his plans?

CHRISTIE: First of, Jake, I don’t yield to anybody on how to enforce the law. I’m the only person on this stage who spent seven years as a United States Attorney after September 11th, and I know how to do this.

The fact is though that for 15,000 people a day to be deported every day for two years is an undertaking that almost none of us could accomplish given the current levels of funding, and the current number of law enforcement officers. Here’s what we need to do, and I think this is where Donald is absolutely right. What we need to do is to secure our border, and we need to do it with more than just a wall.

We need to use electronics, we need to use drones, we need to use FBI, DEA, and ATF, and yes, we need to take the fingerprint of every person who comes into this country on a visa, and when they overstay their visa, we need to tap them on the shoulder, and say, “You have overstayed your welcome, you’re taking advantage of the American people. It’s time for you to go.”

If we had that kind of system in place, we wouldn’t have the 11 million people we have now.

TAPPER: Thank you, Governor Christie… TRUMP: …By the way, I agree with — with what Chris is saying, but, I will say this. Illegal immigration is costing us more than $200 billion dollars a year just to maintain what we have.

TAPPER: I want to bring in Dr. Carson because he too has been skeptical of your plan to immediately deport 11 to 12 million illegal immigrants. He said, quote, “People who say that have no idea what this entails.”

Why do you say that, Dr. Carson?

CARSON: Well, first of all, I recognize that we have an incredible illegal immigration problem. I was down in Arizona a few weeks ago at the border. I mean, the fences that were there were not manned, and those are the kind of fences when I was a kid that would barely slow us down. So, I don’t see any purpose in having that.

Now, what we need to do is look at something that actually works. Yuma County, Arizona. They stop 97 percent of the illegal immigrants through there. They put in a double fence with a road so that there was quick access by the enforcement people.

If we don’t seal the border, the rest of this stuff clearly doesn’t matter. It’s kind of ridiculous all the other things we talk about. We have the ability to do it, we don’t have the will to do it.

There was one area where they had cut a hole in the fence, and to repair it, they put a few strands of barb wire across. Well, the photographers who were there with us, they wanted to photograph us from the side of the Mexicans, and they went through there, and they were not physically fit people, and they took their cameras and things with them, and shot us from the other side.

That’s how easy it is to get across. And, the drugs, I mean, it goes on, and on, and on. ICE tells them to release these people, 67,000 criminals released…

TAPPER: …Dr. Carson…

CARSON: …on to our property, it’s ridiculous.

TAPPER: With all due respect, you said about Donald Trump’s plan to deport 11 to 12 million undocumented immigrants, “People who say that have no idea what this entails.”

Why not?

CARSON: Well, I have also said, if anybody knows how to do that, that I would be willing to listen. And, if they can, you know, specify exactly how that’s going to be done, and what the cost, and it sounds reasonable, then I think it’s worth discussing…

TRUMP(?): …(INAUDIBLE)…

TAPPER: …let’s continue the conversation about illegal immigration with Dana Bash.

BASH: Governor Bush, Mr. Trump has suggested that your views on immigration are influenced by your Mexican born wife. He said that, quote, “If my wife were from Mexico, I think I would have a soft spot for people from Mexico.” Did Mr. Trump go to far in invoking your wife?

BUSH: He did, he did. You’re proud of your family, just as I am.

TRUMP: Correct.

BUSH: To subject my wife into the middle of a raucous political conversation was completely inappropriate, and I hope you apologize for that, Donald.

TRUMP: Well, I have to tell you, I hear phenomenal things. I hear your wife is a lovely woman…

BUSH: She is. She’s fantastic.

TRUMP: I don’t know her, and this is a total mischaracterization…

BUSH: She is absolutely the love of my life, and she’s right here…

TRUMP: Good.

BUSH: And why don’t you apologize to her right now.

TRUMP: No, I won’t do that, because I’ve said nothing wrong.

BUSH: Yeah.

TRUMP: But I do hear she’s a lovely woman.

BUSH: So, here’s the deal. My wife is a Mexican-American. She’s an American by choice.

She loves this country as much as anybody in this room, and she wants a secure border. But she wants to embrace the traditional American values that make us special and make us unique.

We’re at a crossroads right now. Are we going to take the Reagan approach, the hopeful optimistic approach, the approach that says that, you come to our country legally, you pursue your dreams with a vengeance, you create opportunities for all of us?

Or the Donald Trump approach? The approach that says that everything is bad, that everything is coming to an end. I…

BASH: Mr. Trump?

TRUMP: Jeb said…

BUSH: I’m on the Reagan side of this.

TRUMP: … that they come into our country as an act of love. With all of the problems we that we have, in so many instances — we have wonderful people coming in. But with all of the problems — this is not an act of love. He’s weak on immigration — by the way, in favor of Common Core, which is also a disaster, but weak on immigration.

He doesn’t get my vote.

BASH: Mr. Trump…

FIORINA: Dana, with all being said to Mr. Trump…

BASH: Go ahead.

FIORINA: Immigration did not come up in 2016 because Mr. Trump brought it up. We talked about it in 2012, we talked about it in 2008. We talked about it in 2004.

TRUMP: Not with this intensity.

FIORINA: We have been talking about it for 25 years. This is why people are tired of politicians.

BASH: Ms. Fiorina — Ms. Fiorina, we’re going to come to you, we’re going to come to you.

I just want to give Governor Bush a chance to respond to what Mr. Trump said. BUSH: Look, first of all, I wrote a book about this, three — four years ago, now. And I laid out a comprehensive, conservative approach for immigration reform.

And it does require securing the border. No one disagrees with that. But to build a wall, and to deport people — half a million a month — would cost hundreds of billions of dollars, Donald. Hundreds of billions of dollars. It would destroy community life, it would tear families apart.

And it would send a signal to the rest of the world that the United States values that are so important for our long-term success no longer matter in this country.

(APPLAUSE)

TRUMP: As I said, we are spending $200 billion — we are spending $200 billion a year on maintaining what we have. We will move them out. The great ones will come back, the good ones will come back.

They’ll be expedited, they’ll be back, they’ll come back legally. We’ll have a country — they’ll come back, legally.

BASH: OK, on that note, you have criticized Governor Bush for speaking Spanish on the campaign trail. You said, quote, “He should really set an example by speaking English in the United States.”

What’s wrong with speaking Spanish?

TRUMP: Well, I think it’s wonderful and all, but I did it a little bit half-heartedly, but I do mean it to a large extent.

We have a country, where, to assimilate, you have to speak English. And I think that where he was, and the way it came out didn’t sound right to me. We have to have assimilation — to have a country, we have to have assimilation.

I’m not the first one to say this, Dana. We’ve had many people over the years, for many, many years, saying the same thing. This is a country where we speak English, not Spanish.

(APPLAUSE)

BUSH: Well, I’ve been speaking English here tonight, and I’ll keep speaking English.

But the simple fact is, if a high school kid asks me a question in Spanish, a school — by the way, a voucher program that was created under my watch, the largest voucher program in the country, where kids can go to a Christian school, and they ask me a question in Spanish, I’m going to show respect and answer that question in Spanish.

Even though they do speak English, and even though they embrace American values.

(APPLAUSE)

TRUMP: This is a reporter, not a high school kid.

RUBIO: Ms. Dana, I agree that English is the unifying language of our country, and everyone should learn to speak it. It’s important.

I want to tell you a story about someone that didn’t speak English that well. It was my grandfather; he came to this country in the 1960s, as a — escaping Cuba. And he lived with us, growing up.

And my grandfather loved America. He understood what was so special about this country. He loved Ronald Reagan; he would be very proud of the fact that we’re here this evening.

My grandfather instilled in me the belief that I was blessed to live in the one society in all of human history where even I, the son of a bartender and a maid, could aspire to have anything, and be anything that I was willing to work hard to achieve.

But he taught me that in Spanish, because it was the language he was most comfortable in. And he became a conservative, even though he got his news in Spanish.

And so, I do give interviews in Spanish, and here’s why — because I believe that free enterprise and limited government is the best way to help people who are trying to achieve upward mobility.

And if they get their news in Spanish, I want them to hear that directly from me. Not from a translator at Univision.

TAPPER: Thank you, Senator Rubio. (APPLAUSE)

TAPPER: Senator Cruz — Senator Cruz, this week, we learned more about Dr. Carson’s plan for the 11 million to 12 million undocumented immigrants in this country.

Dr. Carson proposed giving these undocumented immigrants a six- month grace period to pay back taxes then to let them become guest workers and only to deport people who failed to do that.

CARSON: Not exactly what I said.

TAPPER: Well, how would you say it, sir? I was just reading the Wall Street Journal quote, but please tell us.

CARSON: Well, what I said, after we seal the borders, after we turn off the spigot that dispenses all the goodies so we don’t have people coming in here, including employment, that people who had a pristine record, we should consider allowing them to become guest workers, primarily in the agricultural sphere, because that’s the place where Americans don’t seem to want to work.

That’s what I said. And they have a six-month period to do that. If they don’t do it within that time period, then they become illegal, and as illegals, they will be treated as such.

TAPPER: OK, from the horse’s mouth, Senator Cruz, does that fit your definition of amnesty?

CRUZ: Well, Jake, you know, I’m — I’m very glad that Donald Trump’s being in this race has forced the mainstream media finally to talk about illegal immigration. I think that’s very important.

I like and respect Ben Carson. I’ll let him talk about his own plans.

But I will say this: The natural next question that primary voters are asking, after we focus on illegal immigration is, okay, what are the records of the various candidates? And this is an issue on which there are stark differences.

A majority of the men and women on this stage have previously and publicly embraced amnesty. I am the only candidate on this stage who has never supported amnesty and, in fact, who helped lead the fight to stop a massive amnesty plan.

In 2013, when Barack Obama and Harry Reid joined the Washington Republicans in a massive, I stood shoulder to shoulder with Jeff Sessions helping lead the fight.

You know, folks here have talked about, how do you secure the borders? Well, I’ve been leading the fight in the Senate to triple the Border Patrol, to put in place fencings and walls, to put in place a strong biometric exit/entry system…

TAPPER: Thank you, Senator.

Senator Rubio…

CARSON: Can I — can I — can I just…

TAPPER: … I’m not sure…

CARSON: Can I correct…

TAPPER: We’ll come back to you — we’ll come back to you in one second, sir.

But Senator Rubio, I’m not sure exactly whose plan he’s — he’s saying is — constitutes amnesty, but I know he has said it about your plan in the past, so I want to give you a chance to respond, then, Dr. Carson, we’ll come to you.

CARSON: OK.

RUBIO: Well, let me say that legal immigration is not an issue I read about in the newspaper. Immigration, illegal immigration, all the good aspects of immigration and all the negative ones as well, I live with. My family’s immigrants. My neighbors are all immigrants. My in-laws are all immigrants.

So I’ve seen every aspect of it, and I can tell you America doesn’t have one immigration problem, it has three.

First, despite the fact that we are the most generous country in the history of the world in allowing people to come here legally, we have people still coming illegally.

Second, we have a legal immigration system that no longer works. It primary is built on the basis of whether you have a relative living here instead of merit.

And third, we have 11 million or 12 million people, many of whom have been here for longer than a decade who are already here illegally.

And we must deal with all three of these problems. We cannot deal with all three of these problems in one massive piece of legislation. I learned that. We tried it that way.

Here’s the way forward: First, we must — we must secure our border, the physical border, with — with a wall, absolutely. But we also need to have an entry/exit tracking system. 40 percent of the people who come here illegally come legally, and then they overstay the visa. We also need a mandatory e-verify system.

After we’ve done that, step two would be to modernize our legal immigration system so you come to America on the basis of what you can contribute economically, not whether or not simply you have a relative living here.

And after we’ve done those two things, I believe the American people…

TAPPER: Thank you, Senator. RUBIO: … will be very reasonable and responsible about what you do with someone who’s been here and isn’t a criminal. If you’re a criminal, obviously, you will not be able to stay.

TAPPER: Thank you, Senator.

Senator — Dr. Carson…

(APPLAUSE)

… I want to give you 30 seconds. I’d like you to answer the question.

Senator Cruz describes plans such as yours as amnesty. Why is your plan not amnesty?

CARSON: My plan is not amnesty for a number of reasons.

Number one, you know, I’ve talked to farmers, and they said they cannot hire Americans to do the kind of job that I’m talking about.

And the second reason is because the individuals who register as guest workers, they don’t get to vote, they are not American citizens, and they don’t get the rights and privileges of American citizens. So that’s key.

But the other thing that I want to bring up is, I mentioned something earlier. I think it was just sort of glossed over.

I talked about the success in Yuma County, I mean, incredible success, and the Department of Justice said, “No, we don’t want to do that. That’s too successful.”

We don’t have to keep reinventing the wheel. All we have to do is look at things that work. All we have to do is use a little common sense.

TAPPER: Thank you, Dr. Carson. I want to talk about the issue of birthright citizenship, which — which has emerged since the first debate as — as an a — a major issue in this campaign.

Mr. Trump, you say that babies born in the United States to undocumented immigrants should not any longer get automatic American citizenship. Ms. Fiorina says that you are pandering on this issue and acting like the politicians that you rail against. What’s your message to Ms. Fiorina on birthright citizenship?

TRUMP: Well, first of all, the — the 14th Amendment says very, very clearly to a lot of great legal scholars — not television scholars, but legal scholars — that it is wrong. It can be corrected with an act of Congress, probably doesn’t even need that.

A woman gets pregnant. She’s nine months, she walks across the border, she has the baby in the United States, and we take care of the baby for 85 years. I don’t think so.

And by the way, Mexico and almost every other country anywhere in the world doesn’t have that. We’re the only ones dumb enough, stupid enough to have it. And people — and by the way, this is not just with respect to Mexico. They are coming from Asia to have babies here, and all of a sudden, we have to take care of the babies for the life of the baby.

The 14th Amendment, it reads properly, you can go and — it’s probably going to be have to be check — go through a process of court, probably ends up at the Supreme Court, but there are a lot of great legal scholars that say that is not correct.

And in my opinion, it makes absolutely no — we’re the only — one of the only countries, we’re going to take care of those babies for 70, 75, 80, 90 years? I don’t think so.

TAPPER: Ms. Fiorina, the vast majority of countries do not have birthright citizenship…

(APPLAUSE)

TAPPER: …Donald Trump is right about that. Why is it pandering when he’s — he says this?

FIORINA: First let me say, We have just spent a good bit of time discussing, as Republicans, how to solve this problem. I would ask your audience at home to ask a very basic question. Why have Democrats not solved this problem?

President Obama campaigned in 2007 and 2008 on solving the immigration problem. He entered Washington with majorities in the House and the Senate. He could have chosen to do anything to solve this pro — this problem. Instead, he chose to do nothing.

Why? because the Democrats don’t want this issue solved.

TAPPER: Ms. Fiorina…

FIORINA: They want it to be an issue that they can use. As to birthright citizenship…

TAPPER: Please.

FIORINA: …the truth is, you can’t just wave your hands and say “the 14th Amendment is gonna go away.” It will take an extremely arduous vote in Congress, followed by two-thirds of the states, and if that doesn’t work to amend the Constitution, then it is a long, arduous process in court.

And meanwhile, what will continue to go on is what has gone on for 25 years. With all due respect, Mr. Trump, we’ve been talking about illegal immigration for 25 years. San Francisco has been a sanctuary city since 1989. There are 300 of them.

And meanwhile, what has happened? Nothing. The border remains insecure. The legal immigration system remains broken. Look, we know what it takes to secure a border. We’ve heard a lot of great ideas here. Money, manpower, technology… TAPPER : Thank you, Ms. Fiorina.

FIORINA: …mostly, apparently, leadership…

TAPPER: Thank you.

FIORINA: …the kind of leadership that understands how to get results.

TAPPER: Thank you, Ms. Fiorina. Mr. Trump, I want to give you the chance to respond…

TRUMP: I agree 100 percent, by the way, with Carly on the fact that the Democrats do not want to solve this problem, for the obvious reasons, but they do not.

But I believe that a reading of the 14th Amendment allows you to have an interpretation where this is not legal and where it can’t be done. I’ve seen both sides, but some of the greatest scholars agree with me, without having to go through Congress.

If you do go through Congress, you can absolutely solve the problem. TAPPER: Thank you, Mr. Trump. Senator Paul…

FIORINA: But you — you would stipulate, Mr. Trump, but not everyone agrees with you.

TRUMP: That’s true, sure.

FIORINA: OK.

TAPPER: Senator Paul, I want to bring you in. Where — where do you stand on the issue of birthright citizenship?

PAUL: Well, I hate to say it, but Donald Trump has a bit of a point here.

The case that was decided around 1900 was, people had a green card, were here legally, and they said that their children were citizens. There’s never been a direct Supreme Court case on people who were here illegally, whether or not their kids are citizens.

So it hasn’t really been completely adjudicated. The 14th Amendment says that “those who are here and under the jurisdiction.” The original author of the — of the 14th Amendment said on the Senate floor that this was applying to slaves, and did not specifically apply to others.

TAPPER: All right. Senator Paul, thank you so much. Let’s turn to a new topic. We’ve received a lot of questions on social media about the economy and about jobs. We have two CEOs on stage right now.

Ms. Fiorina, you were CEO of Hewlett Packard. Donald Trump says you, quote, “ran HP into the ground,” you laid off tens of thousands of people, you got viciously fired.

For voters looking to somebody with private-sector experience to create American jobs, why should they pick you and not Donald Trump?

FIORINA: I led Hewlett Packard through a very difficult time, the worst technology recession in 25 years. The NASDAQ stock index fell 80 percent. It took 15 years for the stock index to recover. We had very strong competitors who literally went out of business and lost all of their jobs in the process.

Despite those difficult times, we doubled the size of the company, we quadrupled its topline growth rate, we quadrupled its cash flow, we tripled its rate of innovation.

Yes, we had to make tough choices, and in doing so, we saved 80,000 jobs, went on to grow to 160,000 jobs. And now Hewlett Packard is almost 300,000 jobs. We went from lagging behind to leading in every product category and every market segment.

We must lead in this nation again, and some tough calls are going to be required. But as for the firing, I have been very honest about this from the day it happened. When you challenge the status quo, you make enemies. I made a few. Steve Jobs told me that when he called me the day I was fired to say, hey, been there, done that twice.

It’s also true that the man that led my firing, Tom Perkins, just took —

TAPPER: Thank you, Ms. Fiorina.

FIORINA: — out a full-page ad in the New York Times to say he was wrong, I was right. I was a terrific CEO, the board was dysfunctional. And he thinks I will make a magnificent president of the United States.

(APPLAUSE)

TAPPER: Thank you, Ms. Fiorina. TRUMP: Well —

TAPPER: Mr. Trump — Mr. Trump, why would you be better at creating jobs than Carly Fiorina?

TRUMP: — let me — well, let me just explain. The head of the Yale Business School, Jeffrey Sonnenfeld, wrote a paper recently, one of the worst tenures for a CEO that he has ever seen, ranked one of the top 20 in the history of business. The company is a disaster and continues to be a disaster. They still haven’t recovered. In fact, today, on the front page of the Wall Street Journal, they fired another 25 or 30,000 people saying we still haven’t recovered from the catastrophe.

When Carly says the revenues went up, that’s because she bought Compaq, it was a terrible deal, and it really led to the destruction of the company.

Now one other company before that was Lucent. Carly was at Lucent before that. And Lucent turned out to be a catastrophe also. So I only say this. She can’t run any of my companies. That I can tell you.

TAPPER: Ms. Fiorina, I want to give you a chance to respond.

FIORINA: You know, Jeffrey Sonnenfeld is a well-known Clintonite and honestly had it out for me from the moment that I arrived at Hewlett Packard. But honestly, Mr. Trump, I find it quite rich that you would talk about this.

You know, there are a lot of us Americans who believe that we are going to have trouble someday paying back the interest on our debt because politicians have run up mountains of debt using other people’s money. That is in fact precisely the way you ran your casinos. You ran up mountains of debt, as well as losses, using other people’s money, and you were forced to file for bankruptcy not once —

TRUMP: I never filed for bankruptcy.

FIORINA: — not twice, four times, a record four times. Why should we trust you to manage the finances —

TRUMP: I’ll tell you why; it’s very simple.

FIORINA: — of this nation any differently than you managed the finances —

TRUMP: I’ll tell you. I was running —

FIORINA: — of your casinos?

TRUMP: — Carly, Carly —

TAPPER: Mr. Trump.

TRUMP: — I’ve made over $10 billion. I had a casino company — Caesars just filed for bankruptcy. Chris will tell you — it’s not Chris’ fault either — but almost everybody in Atlantic City is either in trouble or filed for — maybe I’ll blame Chris.

FIORINA: Well —

TRUMP: But Atlantic City is a disaster —

FIORINA: Well, Mr. Trump —

TRUMP: Wait a minute, Carly. Wait. I let you speak. Atlantic City is a disaster, and I did great in Atlantic City. I knew when to get out. My timing was great. And I got a lot of credit for it.

Many of the great business people that you know — and Carl Icon (ph) is going to work with me on making great deals for this country. But whether it’s Carl or so many others that we read about all the time —

TAPPER: Thank you, Mr. Trump.

TRUMP: — they have used the laws of the land, which is the —

(CROSSTALK)

TAPPER: Governor Christie’s name has been invoked. I’d like to give him a 30 second opportunity.

CHRISTIE: Jake listen. While I’m as entertained as anyone by this personal back-and-forth about the history of Donald and Carly’s career, for the 55-year-old construction worker out in that audience tonight who doesn’t have a job, who can’t fund his child’s education, I’ve got to tell you the truth. They could care less about your careers, they care about theirs.

(APPLAUSE)

Let’s start talking about that on this stage and stop playing — and stop playing the games. Stop playing —

KASICH: There’s a —

CHRISTIE: John — I’m not done yet, John.

FIORINA: A track record of leadership is not a game. It is the issue in this election.

CHRISTIE: Stop — and stop playing — and Carly — Carly, listen. You can interrupt everybody else on this stage, you’re not going to interrupt me, OK?

The fact is that we don’t want to hear about your careers, back and forth and volleying back and forth about who did well and who did poorly. You’re both successful people. Congratulations. You know who’s not successful? The middle class in this country who’s getting plowed over by Barack Obama and Hillary Clinton. Let’s start talking about those issues tonight and stop this childish back-and-forth between the two of you.

(APPLAUSE)

TAPPER: Ms. Fiorina, I want to give you

KASICH: Jake —

TAPPER: Governor Kasich, I’m coming to you next, but Ms. Fiorina’s name was mentioned, and I have to give her the opportunity to respond if she wants it.

FIORINA: Well, I thought we had been hearing quite a bit about Govenor Christie’s record as governor, actually. I think track records are very important. I completely agree that what’s at stake here is the future of this nation, and the future of every American.

But I do think that a track record of leadership is vital because in the end this election is about leadership. And let’s talk about what leadership is. It’s not about braggadocio, it is about challenging the status quo, solving problems, producing results.

And the highest calling of leadership is to unlock potential in others.

TAPPER: Thank you. FIORINA: Problems have festered in Washington for too long. And the potential of this nation is being crushed.

TAPPER: Thank you, Ms. Fiorina.

Governor Kasich, I want to come — I’m coming to you. I’m coming to you. Let me ask the question. You can use the time however you want.

KASICH: OK, Jake.

TAPPER: Donald Trump says that the hedge fund guys are getting away with murder by paying a lower tax rate. He wants to raise the taxes of hedge fund managers, as does Governor Bush. Do you agree?

KASICH: I don’t at this point in terms of changing the incentives for investment and risk-taking.

But let’s just stop for a second. There’s one person on this stage that does have a record. I’m the only person on the stage and one of the few people in this country that led the effort as the chief architect of the last time we balanced the federal budget.

We also cut taxes. And when I left Washington in 2000, we had a $5 trillion surplus, and the economy was booming. I had spent 10 years of my life to get us to that point, went out in the private sector, was a great experience, and went into Ohio and took an $8 billion hole and turned it into a $2 billion surplus.

We’ve had the largest amount of tax cuts of any sitting governor. We’ve grown well over 300,000 jobs. You see, I’ve done it in both places. I’m the only one here that has done it in both places.

It took a lot to get us to a balanced budget. It was legitimate. It was real. And we negotiated it. A lot of what we’re talking about here tonight as we take this position and that position, you know what? At the end of the day, America has got to work.

We’ve got to figure out how we come together to deal with this — with our fiscal problems because when we deal with that, we create a stronger economy for everybody. People have a chance to rise.

So, you know, when we think about how we make a choice, it’s the person that lands that plane. It’s not somebody that talks about it. It’s about the person who has done it. And I’ve done it in…

TAPPER: Thank you, Governor.

KASICH: … both places. And I did it including people in the other party. And that’s how we were successful.

TAPPER: Thank you, Governor Kasich.

KASICH: And that’s how I will be president, using that experience to drive this country forward. Thank you.

(APPLAUSE) TAPPER: Governor Huckabee, I want to bring you in on the question of

hedge fund managers and taxing them. You have said that you are bothered by the fact that hedge fund managers pay such a low tax rate and make 2,500 times what people who work for them make.

Do you agree with what Donald Trump and Governor Bush have proposed, raising their tax rates?

HUCKABEE: I have a different idea. I think we ought to get rid of all the taxes on people who produce. Why should we penalize productivity? And it’s why I’m an unabashed supporter of the “fair tax,” which would be a tax on our consumption, rather than a tax on our productivity.

In other words, you’re not going to tax anybody for what they earn, whether it’s worker whose working by the hour or whether it’s a hedge fund manager. If they can produce something and bring capital and labor to create jobs, we need some jobs. And I think the “fair tax” makes more sense.

Now, Jake, I’ve been listening to everybody on the stage and there is a lot of back and forth about I’m the only one who has done this, the only one who has done that, I’ve done great things.

We’ve all done great things or we wouldn’t be on this stage. But it occurs to me as we’re sitting here in the Reagan Library that most of us would like to pay tribute to a guy who, when he got elected, didn’t get elected telling everybody how great he was.

He got elected telling everybody how great the American people were. And he empowered them to live their dreams, which is what I’d love to see us do by no longer penalizing the people who are out there working because they are taking a gut punch right now.

(APPLAUSE)

TAPPER: Thank you, Governor.

Dr. Carson, you support scrapping the entire tax code and replacing it with a flat tax based on the principal on tithing from the Bible. If you make $10 billion, you pay $1 billion in taxes, if you make $10, you pay $1 in taxes.

Donald Trump believes in progressive taxation. He says it’s not right that rich people pay the same as the poor. Tell Donald Trump why his ideas on taxes are wrong.

CARSON: It’s all about America. You know, the people who say the guy who paid a billion dollars because he had 10, he has still got $9 billion left, that’s not fair, we need to take more of his money. That’s called socialism. That doesn’t work so well.

What made America into a great nation was the fact that we said, that guy just put in $1 billion, let’s create an environment that’s even more conducive to his success so that next year he can put in $2 billion. And that’s the kind of thing that helps us to grow. We can’t grow by

continuing to take a piece of pie, and dividing it, and redistributing it.

But, I’m also looking at what doctor — at what Governor Huckabee talked about…

HUCKABEE: …You don’t want me operating on you, I assure you.

(LAUGHTER)

CARSON: The Fair Tax. Looking at both of them, and evaluating them both, and I’m talking to the American people because one of the things we must recognize is that this country is of, for, and by the people. And, it’s really time that the government get out of the way, and let the people be the ones who decide how they want to run their country.

(APPLAUSE)

TAPPER: Mr. Trump…

TRUMP: …Well, I’d like to respond, I’d like to respond…

TAPPER: …What do you think of the flat tax? Do you think it’s fair?

TRUMP: Well, I think the thing about the flat tax, I know it very well. What I don’t like is that if you make $200 million a year, you pay ten percent, you’re paying very little relatively to somebody that’s making $50,000 a year, and has to hire H&R Block to do the — because it’s so complicated.

One thing I’ll say to Ben is that we’ve had a graduated tax system for many years, so it’s not a socialistic thing. What I’d like to do, and I’ll be putting in the plan in about two weeks, and I think people are going to like it, it’s a major reduction in taxes. It’s a major reduction for the middle class. The hedge fund guys won’t like me as much as they like me right now. I know them all, but they’ll pay more.

I know people that are making a tremendous amount of money and paying virtually no tax, and I think it’s unfair.

TAPPER: Thank you, Mr. Trump. Senator Paul?

PAUL: Well, I’m glad we’re having a discussion about taxes because everybody laments that we lose jobs overseas, we have. Our companies, and our jobs are being chased overseas by a 70,000 page tax code, so, that’s why I’ve chosen to get rid of the whole thing, and have one single rate, 14 and a-half percent for everybody, business, and for corporate income, and personal income. But, we also get rid of the payroll tax, so the working class would get a tax break as well.

So, I think a flat tax, eliminating the tax code, getting rid of all the loopholes, is the way to go, and it’s the way we get America going again.

TAPPER: Governor Walker, I want to go to you. Dr. Carson wants to raise the Federal Minimum Wage, you have called it a lame idea. Why is raising the Federal Minimum Wage lame?

WALKER: So, the best way to help people see their wages go up is to get them the education, the skill they need, to take on careers that pay more than minimum wage. And, it’s why we talk about it, it’s all about jobs. You want to help actually get jobs, it’s why on that last question we were trying to jump in on taxes. To me, it’s not just about taxes, cutting taxes. I’ve done it as much as anyone has.

I’ve cut income taxes, I’ve cut property taxes. In fact, property taxes are lower today in my state than they were before we took office. The real issues about jobs.

Ronald Reagan, our plan is based on the Ronald Reagan tax cuts of 1986. That brought about one of the longest sustained periods of economic growth in American history. All the things we should be talking about tonight are about how do we create jobs, helping people get the skills and the education qualifications they need to succeed.

That’s the way you help people create jobs. It’s part of our large plan to reform the tax code, to cut taxes, to put in place an education system that gives people the skills and education that they need. To put in place all the above energy policy, but you start on day one with repealing Obamacare.

I’m the only one on this stage that’s actually got a plan, introduced an actual plan to repeal Obamacare on day one. I’ll send a bill up to Congress, and to make sure enact it…

TAPPER: …Thank you, Governor…

WALKER: …I’m going to sign an order that makes the Congress live by the same rules as everybody else. TAPPER: …Thank you, Governor…

WALKER: …That will ensure they repeal Obamacare…

TAPPER: Dr. Carson, Governor Walker didn’t really answer the question, but I’ll let you respond. He called raising the Federal Minimum Wage lame, what do you think of that?

CARSON: Well, first of all, let me say what I actually said about raising the minimum wage. I was asked should it be raised, I said, probably, or possibly. But, what I added, which I think is the most important thing, so, I said we need to get both sides of this issue to sit down, and talk about it. Negotiate a reasonable minimum wage, and index that so that we never have to have this conversation again in the history of America.

I think we also have to have two minimum wages, a starter, and a sustaining because how are young people ever going to get a job if you have such a high minimum wage that it makes it impractical to hire them…

TAPPER: Thank you, Dr. Carson…

WALKER: …Jake, Jake, Jake, I just want to address that issue because you said I didn’t answer, and I did. I said, to me, I think the real focus shouldn’t be — you know, Hillary Clinton talks about the minimum wage. That’s her answer to grow the economy. The answer is to give people the skills and the education so they make far more than minimum wage.

I don’t want to argue about how low things are going to be, I want to talk about how do we lift everyone up in America. That’s what Reagan talked about. It wasn’t how bad things were, it was how to make it better for everyone. That’s what we’ve done in Wisconsin, that’s exactly what we’d do as…

TAPPER: Let me bring in our partner from Salem Radio Network, Hugh Hewitt.

HEWITT: I’d like to talk about winning because I think all of you are more qualified than former Secretary of State Clinton, and as were the people in the first debate, but there are different styles, and Carly Fiorina, Governor Kasich, you’re conveniently located next to each other, and you have different styles.

Governor Kasich, you’ve been on my show a lot. You refused to attack Hillary Clinton, you just don’t want to go there, you want to do the up with people. Go, Ohio, OK, and I like that.

Carly Fiorina, I don’t have to bring up the Secretary of State — you bring her up, so (inaudible).

Which one of you is wrong? Governor Kasich?

KASICH: Well, look, people still have to get to know me, so I want to spend my time talking about my experience reforming welfare, balancing budgets, cutting taxes, providing economic growth when I was in Washington, turning Ohio around. Eight billion in the hole, $2 billion surplus, up over 300,000 jobs, big tax cuts, strengthening our credit.

All those things matter but, you know, as a young man in my first election in 1978, I defeated an incumbent Democrat. I defeated an incumbent Democrat in 1982; running on the Reagan program, I was the only Republican in America to defeat an incumbent Democrat that year.

And then, when I won for election of governor, I was the first Republican to defeat an incumbent in 36 years, and the first person to have never run statewide out of politics for 10 years to beat an incumbent. That hadn’t happened for 96 years.

So, we’ll get to the point where we’ll talk about Hillary Clinton, or whoever the nominee is, record. But right now, I want to give people sense of hope, sense of purpose, a sense of unity, sense that we can do it. So…

HEWITT: Governor.

KASICH: You know, at the end of the day, I’m going to continue to talk about my record, because there is, did you ever notice when people run for office, they run for president, they make a lot of promises, they don’t keep them. HEWITT: Thank you, Governor. KASICH: I don’t intend to do that, and I

going to be out there pushing it out — don’t worry about me and Hillary. That will all work out, and I’m from Ohio. She will not beat me there, I can promise you that.

(APPLAUSE)

HEWITT: Carly Fiorina, your style?

FIORINA: You see, Governor Christie, people spend time talking about their track records, and Mr. Trump and I have every right to do the same. And Mrs. Clinton has to defend her track record.

Her track record of lying about Benghazi, of lying about her e- mails, about lying about her servers. She does not have a track record of accomplishment.

Like Mrs. Clinton, I, too, have travels hundreds of thousands of miles around the globe. But unlike Mrs. Clinton, I know flying is an activity, not an accomplishment. Mrs. Clinton — if you want to stump a Democrat, ask them to name a accomplishment of Mrs. Clinton’s.

HEWITT: Thank you, Ms. Fiorina.

Governor Christie, your name was mentioned. I want to give you a chance to respond.

CHRISTIE: Listen, you know, Hugh, it’s an important point. And the question is, who is going to prosecute Hillary Clinton?

The Obama White House seems to have in interest, the Justice Department seems to have no interest. I think it’s time to put a former federal prosecutor on the same stage as Hillary Clinton.

(APPLAUSE)

And I will prosecute her during those debates on that stage for the record we’re talking about here. The fact she had a private email server in her basement, using national security secrets running through it, could have been hacked by the Russians, the Chinese, or two 18-year-olds on a toot (ph) wanting to have some fun.

No one is answering that question from the Hillary Clinton campaign…

HEWITT: Thank you, Governor.

CHRISTIE: You know why? Because she knows she’s wrong, and she cannot look in the mirror at herself, and she cannot tell the American people the truth.

HEWITT: Thank you, Governor Christie. There is a lot more coming up.

Ahead, a world of trouble. The challenges that one of these candidates may face in the Oval Office, and how he or she will handle it.

Stay with us. (COMMERCIAL BREAK)

TAPPER: Welcome back to CNN’s Republican Presidential Debate. Let’s turn to some issues now in foreign policy.

Mr. Trump, Senator Rubio said it was, quote, “very concerning to him” that in a recent interview you didn’t seem to know the details about some of the enemies the U.S. faces. Rubio said, if you don’t know the answers to those questions, you will not be able to serve as commander-in-chief.

Please respond to Senator Rubio.

TRUMP: Well, I heard Hugh Hewitt, a nice man, he apologized because he actually said that we had a misunderstanding. And he said today that Donald Trump is maybe the best interview there is anywhere that he has ever done.

Now unless he was just saying that on CNN to be nice, but he did say that…

(CROSSTALK)

HEWITT: Oh, you’re the best interview in America.

TRUMP: And we had a legitimate misunderstanding in terms of his pronunciation of a word.

But I would say just…

(LAUGHTER)

TRUMP: Well, I think it was. And he actually said that. Did you say that?

(CROSSTALK)

HEWITT: … makes an interesting case (ph) here (ph).

TRUMP: OK. So I will say this, though, Hugh was giving me name after name, Arab name, Arab name, and there are few people anywhere, anywhere that would have known those names. I think he was reading them off a sheet.

And frankly I will have — and I told him, I will have the finest team that anybody has put together and we will solve a lot of problems.

You know, right now they know a lot and look at what is happening. The world is blowing up around us. We will have great teams and great people.

TAPPER: Senator Rubio?

TRUMP: I hope that answers your question. I mean, you are in the Senate, but I hope that answers your question. RUBIO: Yes, well, it does. But it’s in the following way, this is an

important question. I think if you’re running for president, these are important issues, because look at around the world today.

There is a lunatic in North Korea with dozens of nuclear weapons and long-range rocket that can already hit the very place in which we stand tonight. The Chinese are rapidly expanding their military. They hack into our computers. They’re building artificial islands in the South China Sea, the most important shipping lane in the world.

A gangster in Moscow is not just threatening Europe, he’s threatening to destroy and divide NATO. You have radical jihadists in dozens of countries across multiple continents. And they even recruit Americans using social media to try to attack us here at home.

And now we have got this horrible deal with Iran where a radical Shia cleric with an apocalyptic vision of the future is also guaranteed to one day possess nuclear weapons and also a long-range rocket that can hit the United States.

These are extraordinarily dangerous times that we live in. And the next president of the United States better be someone that understands these issues and has good judgment about them because the number one issue that a president will ever confront, and the most important obligation that the federal government has, is to keep this nation safe.

And today we are not doing that. We are eviscerating our military. And we have a president that is more respectful to the ayatollah in Iran than he is to the prime minister of Israel.

(APPLAUSE)

TAPPER: Mr. Trump? Senator Rubio seemed to be suggesting that you don’t know information that…

TRUMP: No, I don’t think he’s suggesting that at all. I mean…

(CROSSTALK)

TAPPER: All right. Senator Rubio.

TRUMP: I don’t think he’s suggesting that at all.

RUBIO: Well, that’s why we have a debate. I think that we should have a deeper debate about these issues, because there is no more important decision that a president will make.

TAPPER: But are you saying that you have the knowledge to be the president that Mr. Trump does not have?

RUBIO: Well, you should ask him questions in detail about the foreign policy issues our president will confront, because you had better be able to lead our country on the first day.

Not six months from now, not a year from now, on the first day in office, our president could very well confront a national security crisis. You can’t predict it. Sometimes you cannot control it.

And it is the most — the federal government does all kinds of things it’s not supposed to be doing. It regulates bathrooms. It regulates schools that belong to local communities.

But the one thing that the federal government must do, the one thing that only the federal government can do is keep us safe. And a president better be up-to-date on those issues on his first day in office, on her first day in office.

(APPLAUSE)

TAPPER: Mr. Trump?

TRUMP: Well, you have to understand, I am not sitting in the United States Senate with, by the way, the worst voting record there is today. Number one. I am not sitting in the United States Senate. I’m a businessman doing business transactions.

RUBIO: Trust (ph) me, I get that. OK.

TRUMP: I am doing business transactions. I will know more about this — and, as you said, that was very acceptable, and when you listen to that whole interview, it’s a great interview, you said it, I didn’t. Well, now I did. But…

(CROSSTALK)

TRUMP: Listen, just one second. Just one second.

RUBIO: I never get to addressed, and…

TRUMP: I will know…

RUBIO: …and when I do, I’m gonna jump in.

TRUMP: …I will know more about the problems of this world by the time I sit, and you look at what’s going in this world right now by people that supposedly know, this world is a mess. TAPPER: Senator Rubio, he did invoke your absentee record in the Senate.

RUBIO: Yeah. He did. Let me — I’m proud to serve in the United States Senate. You know, when I ran five years ago, the entire leadership of my party in Washington lined up against me.

But I’m glad I won. And I’m glad that I ran, because this country’s headed in the wrong direction. And if we keep electing the same people, nothing is going to change.

And you’re right, I have missed some votes, and I’ll tell you why, Mr. Trump. Because in my years in the Senate, I’ve figured out very quickly that the political establishment in Washington, D.C. in both political parties is completely out of touch with the lives of our people.

You have millions of people in this country living paycheck to paycheck, and nothing is being done about it. We are about to leave our children with $18 trillion in — in — in debt, and they’re about to raise the debt limit again.

We have a world that grows increasingly dangerous, and we are eviscerating our military spending and signing deals with Iran. And these — if this thing continues, we are going to be the first Americans to leave our children worse off than ourselves.

That’s why I’m missing votes. Because I am leaving the Senate, I’m not running for re-election, and I’m running for president because I know this: unless we have the right president, we cannot make America fulfill its potential, but with the right person in office, the 21st century can be the greatest era that our nation has ever known.

TAPPER: Thank you, Senator Rubio. I want to turn now to Hugh Hewitt.

HEWITT: Thank you, Jake. I’ve done a lot of great interviews with all of you, but, Governor Bush, I talked to you in February about the biggest elephant in a room full of elephants, which is your last name. And you said you would not be burdened either by your brother or your father’s legacy in the Middle East.

And then, a week later, you rolled out your list of foreign policy advisers, and it was a lot of the band getting back together again. So on behalf of the military that is watching…

BUSH: Yeah.

HEWITT: …OK, the active duty military that are at the end of the sphere (ph), what kind of a commander in chief is Jeb Bush going to be, and who are the advisers that are new to your team?

BUSH: Well, first of all, Hugh, if you’re looking at Republican advisers, you have to go to the last two administrations. That happened to be 41 and 43. So just by definition, if you’re — and many of the people here that are seeking advice from the foreign policy experts in the Republican side, they — they served in my dad’s administration, my brother’s administration. Of course that’s the case.

But I’m my own man. I’m going to create a strategy that is based on the simple fact that the United States needs to lead the world. The first thing that we need to do is to stop the craziness of the sequester.

Rebuild our military so that our — so that we don’t deploy people over and over again without the necessary equipment to keep them safe, to send a signal to the world that we’re serious. If we’re going to lead the world, then we need to have the strongest military possible.

We need to rebuild our counterintelligence and intelligence capabilities. We need to focus on the fact that the next president is going to start in 2017, not in 1990 — you know, 30 years ago, or when my brother started.

The world is dramatically different. And I believe that we need to restore America’s presence and leadership in the world. Name a country where our relationship is better today than it was the — the day that Barack Obama got elected president.

Under Hillary Clinton, and Barack Obama, we have seen a weakness that now creates huge problems for the next president of the United States. So I’ll have a team that will be — that will be following the doctrine I set up, and it will be peace through strength.

We’re sitting here in this library, which is a wonderful place to talk about this, because that’s exactly what happened in the 1980s, and the world was a lot safer because of…

TRUMP: (inaudible)

HEWITT: Mr. — Mr. Trump.

BUSH: The leadership of Ronald Reagan and my…

(CROSSTALK)

HEWITT: I want to ask you a question, though, you promised us great leaders. And I believe that. But Jeb Bush has laid out 20 different people that have experience around the world. There are 190 countries, you can’t run the world by yourself.

When are we going to get some names on your military and your foreign policy advisers?

TRUMP: (inaudible) I’m — and I’m meeting with people that are terrific people, but I have to say something because it’s about judgment.

I am the only person on this dais — the only person — that fought very, very hard against us (ph), and I wasn’t a sitting politician going into Iraq, because I said going into Iraq — that was in 2003, you can check it out, check out — I’ll give you 25 different stories.

TRUMP: In fact, a delegation was sent to my office to see me because I was so vocal about it. I’m a very militaristic person, but you have to know when to use the military. I’m the only person up here that fought against going into Iraq.

(CROSSTALK)

PAUL: Hugh, can I — can I make a response to that?

TRUMP: Just excuse me, one second, Rand…

PAUL: Can I make a response to that?

TRUMP: If you don’t mind, Rand — you know, you are on last — you do have your 1 percent.

I would like — and I think it’s very important. I think it’s important, because it’s about judgment. It’s about judgment.

I didn’t want to go into Iraq, and I fought it, because what I said — what I said…

PAUL: May I make a response to that?

TRUMP: … was you’re going to — you’re going to destabilize…

PAUL: He’s referred to me.

TRUMP: … the Middle East, and that’s what happened.

PAUL: He’s referred to me…

BUSH: So you — the — the first chance…

PAUL: … in his remarks. May I make a response?

BUSH: Right after me, and then I’ll — I’ll yield — yield the floor. What do you guys say in the Senate when you’re talking and debating?

PAUL: Absolutely. Go ahead.

BUSH: Here’s the facts: When Donald Trump talks about judgment, what was his position on who would’ve been the best negotiator to deal with Iran? It wasn’t a Republican; it was Hillary Clinton. That’s what you believe. I mean, the lack of judgment and the lack of understanding about how the world works is really dangerous in this kind of time that we’re saying.

So is that the judgment that you bring to the table, that Hillary Clinton…

TRUMP: If you think about it…

BUSH: … is a great negotiator, that she could bring about a better deal on Iran?

TRUMP: Your brother — and your brother’s administration gave us Barack Obama, because it was such a disaster, those last three months, that Abraham Lincoln couldn’t have been elected.

BUSH: You know what? As it relates to my brother, there’s one thing I know for sure. He kept us safe.

I don’t know if you remember…

(APPLAUSE)

BUSH: … Donald…

(APPLAUSE)

BUSH: … you remember the — the rumble? You remember the fire fighter with his arms around it? He sent a clear signal that the United States would be strong and fight Islamic terrorism, and he did keep us safe.

TRUMP: I don’t know. You feel safe right now? I don’t feel so safe. PAUL: May I respond?

WALKER:: That’s because of Barack — that’s because of Barack Obama.

BUSH: That’s — that’s my brother.

WALKER:: That’s because of Barack Obama. We’ve had a president who called ISIS the J.V. squad, Yemen a success story, Iran a place we can do business with. It’s not because of George W. Bush; it’s because of Barack Obama…

(APPLAUSE)

WALKER: (inaudible) on that point, though, whether it’s — whether we’re talking about national security, foreign policy or we’re talking about domestic policy, the key…

TRUMP: Or the collapse of the economy.

WALKER: … the key issue here is talking about leadership. Now, there’s a lot of greater people up here, and you’ve heard a lot of great ideas out there. But I would ask the American people, look at who’s been tested.

When there were 100,000 protesters in my capital, I didn’t back down, when they issued death threats against me and threats against my family, I didn’t back down, when they tried to recall me, I didn’t back down, and when they made me the — one of their number-one targets last year, I didn’t back down.

Give me the chance to be your president.

TAPPER: Thank you, Governor.

WALKER: I won’t back down…

TAPPER: Senator…

WALKER: … on any of these issues.

TAPPER: Senator Paul?

PAUL: The remark was made that there hadn’t been anyone else on the podium opposed to the Iraq War. I’ve made my career as being an opponent of the Iraq War. I was opposed to the Syria war. I was opposed to arming people who are our enemies.

Iran is now stronger because Hussein is gone. Hussein was the great bulwark and counterbalance to the Iranians. So when we complain about the Iranians, you need to remember that the Iraq War made it worse.

Originally, Governor Bush was asked, was the Iraq War a mistake, and he said, “No. We’d do it again.”

We have to learn sometimes the interventions backfire. The Iraq War backfired and did not help us. We’re still paying the repercussions of a bad decision.

TAPPER: Senator Paul…

PAUL: We have make the decision now in Syria, should we topple Assad? Many up here wanted to topple Assad, and it’s like — I said no, because if you do…

TAPPER: Thank you, Senator Paul…

PAUL: … ISIS will now be in charge of Syria…

TAPPER: Thank you, Senator Paul…

(CROSSTALK)

TAPPER: I understand that Governor Bush’s name has been invoked, and then we can go to you, Senator Rubio. BUSH: Here’s the lessons of history: When we — we pull back, voids are created. We left Iraq. We should’ve had a — a forces agreement to stay there with a small force, and instead of that, we politically and militarily pulled back, and now we have the creation of ISIS.

36 days ago in this very library, I gave a speech with a comprehensive strategy how to take out ISIS, and it requires American leadership and engagement. We don’t have to be the world’s policemen. But we certainly have to be the world’s leader.

We need to have — make sure that the world knows that we’re serious, that we’re engaged, that we’re not going to pull back, that — that our — that our word matters. And if we do that, we can create a force that will take out ISIS both in Iraq and in Syria, which will take a lot longer time now…

TAPPER: Thank you, Governor.

BUSH: … because of what President Obama’s done by pulling back.

TAPPER: Thank you, Governor.

Senator Rubio?

RUBIO: I want to go even deeper — and I want to go even deeper in that direction, because I think the belief that somehow by retreating, America makes the world safer has been disproven every single time it’s ever been tried.

Syria’s a perfect example of it. The uprising in Syria was not started by the United States; it was started by the Syrian people. And I warned at the time — this was three and a half years ago — I openly and repeatedly warned that if we did not find moderate elements on the ground that we could equip and arm, that void would be filled by radical jihadists.

Well, the president didn’t listen, the administration didn’t follow through, and that’s exactly what happened. That is why ISIS grew. That is why ISIS then came over the border from Syria and back into Iraq. What is happening in that region is the direct consequence of the inability to lead and of disengagement. And the more we disengage, the more airplanes from Moscow you’re going to see flying out of Damascus and out of Syria…

TAPPER: Thank you, Senator.

RUBIO: … as you asked earlier today.

(APPLAUSE)

CARSON: Jake, Jake…

TAPPER: Dr. Carson?

CARSON: I haven’t had an opportunity to weigh in on foreign policy, and I just want to mention that when the war, when the issue occurred in 2003, I suggested to President Bush that he not go to war? OK. So I just want that on the record.

And, you know, a lot of people are very much against us getting involved right now with global jihadism. And they refer back to our invasion of Iraq. And they seem to think that that was what caused it.

What caused it was withdrawing from there and creating a vacuum which allowed this terrible situation to occur. But it is very different from what is going on today. We’re talking about global jihadists who actually want to destroy us.

They are an existential threat to our nation. And we have to be mature enough to recognize that our children will have no future if we put our heads in the sand. We have to recognize we have two choices.

We either allow them the continue to progress and appear to be the winners, or we use every resource available to us to destroy…

TAPPER: Thank you, Dr. Carson.

CARSON: … them first.

TAPPER: I mean, it is interesting that you say that, because I want to ask Governor Christie about something else that you have said.

Governor Christie, we just marked the 14th anniversary of the 9/11 attacks. Now Dr. Carson has said that if he had been president at the time, the United States would not have gone to war in Afghanistan. What does that say to you about how Dr. Carson would respond as president if America were attacked again?

CHRISTIE: Well, Jake, I was named U.S. attorney by President Bush on September 10th, 2001. And that next day my wife Mary Pat did what she did every day, she traveled through the World Trade Center and went to her office two blocks from the World Trade Center.

And after those planes hit, for five-and-a-half-hours after that, I couldn’t reach her, didn’t know whether she was dead or alive, and we had three children at the time, 8, 5 and 1.

And I had to confront what so many thousands of others in my region had to confront, the idea I might become a single parent, the idea that my life and my children’s life might be changed forever.

We lost friends that day. We went to the funerals. And I will tell you that what those people wanted and what they deserved was for America to answer back against what had been done to them.

And I support what President Bush did at that time, going into Afghanistan, hunting al Qaeda and its leaders, getting its sanctuary out of place, and making it as difficult around the world for them to move people and money.

And then he went to prosecutors like us, and he said, never again. Don’t prosecute these people after the crime is committed. Intervene before the crime happens. I absolutely believe that what the president did at the time was right.

And I am proud to have been one of the people on the stage who was part of making sure that what Governor Bush said before was the truth. America was safe for those seven years and Barack Obama has taken that safety away from us.

(APPLAUSE)

TAPPER: Dr. Carson?

CARSON: Well, recognize that, you know, President George W. Bush is a great friend of ours, and we spent many wonderful days at the White House. I haven’t been there in the last seven years. I probably have to have a food-tester.

(LAUGHTER)

But at any rate, I didn’t suggest that nothing be done. What I suggested to President Bush is to be Kennedy-esque, in the sense that when the Russians got ahead of us in the space race, what we did is use the bully pulpit to galvanize everybody, business, industry, academia behind a national goal to put a man on the moon and bring him back safely.

I said, you can do the same kind of thing. Declare that within five to 10 years we will become petroleum independent. The moderate Arab states would have been so concerned about that, they would have turned over Osama bin Laden and anybody else you wanted on a silver platter within two weeks.

There are smart ways to do things and there are muscular ways to do things. And sometimes you have to look at both of those to come up with the right solution.

(CROSSTALK)

TAPPER: … Governor Christie.

CHRISTIE: Let me say this, Jake, is that while that may have been a fine idea that Dr. Carson had, these people were out to kill us.

I stood in that region with my family, and every time a plane went overhead in the weeks after that, people’s heads jerked to the sky because they thought it was happening again.

You do not need to go through subtle diplomacy at that point. That could be handled later on. What you need is a strong American leader who will take the steps that are necessary to protect our nation.

That’s what I would do as commander-in-chief in this circumstance. And that’s what President George W. Bush did in 2001.

(APPLAUSE)

TAPPER: Dr. Carson?

CARSON: I have no argument with having a strong leader, and to be aggressive where aggression is needed. But it is not needed in every circumstance. There is a time when you can use your intellect to come up with other ways to do things. And I think that’s what we have to start thinking about.

CARSON: There is no question that a lot of these problems that we have been talking about in terms of the international situation is because we are weak. It is because our Navy is so small. It is because our Air Force is incapable of doing the same things that it did a few years ago.

It’s because our Marines Corps is not ready to be deployed.

TAPPER: Thank you, Dr. Carson.

CARSON: There are a lot of problems that are going on, and we need to solve those problems, we need to build up our military…

TAPPER: Thank you, Dr. Carson.

RUBIO: But radical terrorism cannot be solved by intellect. It cannot — they require — what they need, is they need an operating space. That’s what Afghanistan was for Al Qaida. It was a vacuum that they filled, and they created an operating space.

That’s why they had to be drawn out of there. That’s why they had to be destroyed. It is the reason why ISIS has grown as well. We allowed them — we allowed a vacuum to emerge in Syria. They used it as an operating space to grow; and today they’re not just in Iraq and Syria anymore, they’re now in Libya, conducting operations in the Sinai.

They’re now in Afghanistan, trying to supplant the Taliban as the most powerful radical jihadist group on the ground there, as well. You cannot allow radical jihadists to have an operating safe haven anywhere in the world.

TAPPER: Thank you, Senator.

Governor Huckabee. (APPLAUSE)

HUCKABEE: Just today — just today, there was a new report that 50 different intelligence analysts have said that what they sent up the ladder was doctored by senior officials, so that they could give some happy talk to the situation that we face.

I love the idea of a good intellectual capacity to deal with our enemies, but the fact is, if you don’t have good intelligence that is reliable and honest, you won’t have good intelligence and you cannot make good decisions.

The next president is primarily elected not just to know things, but to know what to do with the things that he knows. And the most dangerous person in any room is the person who doesn’t know what he doesn’t know.

TAPPER: Thank you, Governor.

HUCKABEE: And the reason Barack Obama has been dangerous to this country and we better elect someone who had some executive experience, is because we cannot afford another eight years having a person in the office who doesn’t know what he does not know.

TAPPER: Thank you, governor, I want to turn to ISIS. Governor Walker…

(CROSSTALK)

FIORINA: We just spent — we just spent the last 10 minutes…

TALKER: Governor Walker, there is a big debate now, we have been talking about ISIS here and there in this discussion, there a big debate right now about whether or not to send more U.S. troops to fight ISIS in Iraq and Syria.

In the first debate earlier this evening, Senator Lindsey Graham argued that candidates are only serious about fighting ISIS if they’re willing to send 10,000 U.S. troops to Iraq, 10,000 U.S. troops as part of a coalition to Syria.

Governor Walker, you say, you just told me a few days ago that the 3,000 U.S. troops there right now are enough, as long as the rules of engagement are changed.

What do you know that Senator Graham doesn’t know?

WALKER: To be clear, what I said the other day was that we need to lift the political restrictions that are already in play. Barack Obama’s administration has put political restrictions on the military personnel already in Iraq.

We need to lift those and then we need to listen to our military experts, not the political forces in the White House, but our military experts about how many more we sent in. And we certainly shouldn’t have a commander-in-chief who sends a message to our adversaries as to how far we’re going to go, and how far we’re willing to fight, so I’m not putting a troop number.

What I’m saying is lift the political restrictions. When you do that, you empower our military personnel already there to work with the Kurd and the Sunni allies, to reclaim the territory taken by ISIS. And to do so in a way that allows that ISIS doesn’t go back in Syria, as we were just talking about here.

That is the fundamental problem going forward. We have a president — and Hillary Clinton was a part of this, by the way, who has made political decisions for our men and women in uniform. I want the men and women at home to know, if I’m commander-in-chief, I will only send you into harm’s way when our national security is at risk. And if we do, you know you’ll have our full support, the support of the American people, and you’ll have a clear path for victory.

(APPLAUSE)

TAPPER: Thank you, Governor.

Senator Paul, I want to go to you, because you have said that the boots on the ground to fight ISIS need to be Arab boots. We just learned today that despite the Obama administration spending $500 million to help create those Arab boots, there are only four or five U.S. trained fighters in Syria fighting ISIS.

What does that say to you about the effectiveness of the idea of the boots on the ground need to be Arab boots?

PAUL: If you want boots on the ground, and you want them to be our sons and daughters, you got 14 other choices. There will always be a Bush or Clinton for you, if you want to go back to war in Iraq.

But the thing is, the first war was a mistake. And I’m not sending our sons and our daughters back to Iraq. The war didn’t work. We can amplify those who live there.

The Kurds deserve to be armed and I’ll arm them. We can use our Air Force to amplify the forces there. But the boots on the ground need to be the people who live there.

My goodness, I’m still upset with the Saudi Arabians for everything they do over there. They’ve funded the arms that went to the jihadists. They’re not accepting any of the people, any of the migrants that have been — the refugees that are being pushed out of Syria. Saudi Arabia is not accepting one.

Why are we always the world’s patsies that we have to go over there and fight their wars for them? They need to fight their wars, we need to defend American interests, but it is not in America’s national security interests to have another war in Iraq.

TAPPER: Thank you, Senator.

(APPLAUSE)

We’re going to turn to some domestic issues now. I want to bring in my colleague, Dana Bash.

BASH: Thank you.

KASICH: Can I just — can I — Jake, can I just make one point on this whole military discussion?

TAPPER: Sure….

KASICH: I called for boots on the ground many months ago in a coalition with our friends who share our interest. You know, you win a battle with the military, and when we go somewhere, we need to be mobile, and lethal. We need to take care of business, and we need to come home.

But, we face, also, a bigger war — and you win the bigger war with the battle of ideas. You wonder why young people, and educated people, rich people, schooled people, have tried to join ISIS.

Western civilization, all of us, need to wake up to the fact that those murderers and rapists need to be called out, and in Western civilization we need to make it clear that our faith in the Jewish and Christian principals force us to live a life bigger than ourselves…

TAPPER: …Thank you, Governor…

KASICH: …to make (ph) centers (ph) of justice so that we can battle the radicals, call them out for what they are, and make sure that all of our people feel fulfilled in living in Western civilization…

TAPPER: …Thank you, Governor. Dana Bash…

KASICH: …This is a giant battle in the world today…

FIONNA: …Jake, since everyone has gotten to weigh in on this military issue, I’d like to be able to do the same.

We have spent probably 12 minutes talking about the past. Let’s talk about the future. We need the strongest military on the face of the planet, and everyone has to know it. And, specifically, what that means is we need about 50 Army brigades, we need about 36 Marine battalions, we need somewhere between 300, and 350 naval ships, we need to upgrade every leg of the nuclear triad…

TAPPER: Thank you, Mrs. Fiorina…

FIORINA: …we need to reform the Department of Defense, we need as well…

BASH: …Thank you….

TAPPER: …Thank you, we’re going to turn now to domestic issues with Dana Bash.

FIORINA: …to invest in our military technology, and we need to care for our veterans so 307,000…

TAPPER: …Dana Bash…

(APPLAUSE)

FIORINA: …aren’t dying waiting for health care.

(APPLAUSE)

TAPPER: Thank you. (APPLAUSE)

TAPPER: Dana Bash?

BASH: Governor Bush, let’s talk about the issue that’s very important to Republican voters, and that’s the Supreme Court. After Chief Justice John Roberts voted to uphold Obamacare twice, Senator Cruz criticized your brother for appointing John Roberts to the Supreme Court.

Looking back on it, did your brother make a mistake?

BUSH: Well, I’m surprised Senator Cruz would say that since he was as strong supporter of John Roberts at the time.

I will talk about what I will do as it relates to appointing Supreme Court Justices. We need to make sure that we have justices that, with a proven experienced record of respect for upholding the constitution. That is what we need. We can’t have — the history in recent past is appoint people that have no experience so that you can’t get attacked.

And, that makes it harder for people to have confidence that they won’t veer off…

BASH: …Is John Roberts one of those people?

BUSH: John Roberts has made some really good decisions, for sure, but he did not have a proven, extensive record that would have made the clarity the important thing, and that’s what we need to do. And, I’m willing to fight for those nominees to make sure that they get passed. You can’t do it the politically expedient way anymore. This is the culture in Washington. You have to fight hard for these appointments. This is perhaps the most important thing that the next president will do.

BASH: Do you like what you just heard, Senator Cruz?

CRUZ: Well, Dana, I’ve known John Roberts for 20 years, he’s amazingly talented lawyer, but, yes, it was a mistake when he was appointed to the Supreme Court. He’s a good enough lawyer that he knows in these Obamacare cases he changed the statute, he changed the law in order to force that failed law on millions of Americans for a political outcome.

And, you know, we’re frustrated as conservatives. We keep winning elections, and then we don’t get the outcome we want. And, let me focus on two moments in time.

Number one, in 1990, in one room was David Souter, and in another room was Edith Jones, the rock ribbed (ph) conservative on the fifth circuit court of appeals. George Herbert Walker Bush appointed David Souter.

And then in 2005, in one room was John Roberts, in another room was my former boss, Mike Luttig, the rock ribbed (ph) conservative on the Fourth Circuit Court of Appeals…

TAPPER: Thank you, Senator.

CRUZ: …George W. Bush appointed John Roberts, and let me give you the consequences of that.

If, instead, the President Bush had appointed Edith Jones, and Mike Luttig, which is who I would have appointed, Obamacare would have been struck down three years ago, and the marriage laws of all 50 states would be on the books. These matter, and I fought to defend the constitution my whole life…

TAPPER: …Governor Bush…

CRUZ: …and I will as president as well.

TAPPER: …I want to let you respond.

BUSH: Well, first of all, he, as I said, supported John Roberts. He supported him, publicly. So, you can rewrite history, I guess, Ted, but the simple fact is that you supported him because he had all the criteria that you would have thought would have made a great justice. And, I think he is doing a good job.

But, the simple fact is that going forward, what we need to do is to have someone that has a long standing set of rulings that consistently makes it clear that he is a focused, exclusively on upholding the Constitution of the United States so they won’t try to use the bench as a means to which legislate.

TAPPER: Thank you, Governor…

…And, that’s what we should do, and I hope I’ll be working members of the United States Senate to fight hard for the passage of people that have that kind of qualification.

TAPPER: Senator Cruz, 30 seconds.

CRUZ: It is true that after George W. Bush nominated John Roberts, I supported his confirmation. That was a mistake and I regret that. I wouldn’t have nominated John Roberts, and indeed, Governor Bush pointed out why.

It wasn’t that the President Bushes wanted to appoint a liberal to the court, it’s that it was the easier choice. Both David Souter and John Roberts, they didn’t have a long paper trail. If you had nominated Edith Jones or Mike Ludig (ph) you would have had a bloody fight and they weren’t willing to spend political capital to put a strong judicial conservative on the court. I have spent my entire life, starting from clerking for Chief Justice

William Rehnquist on the United States Supreme Court, one of the most principled jurists. We have an out-of-control Court, and I give you my word, if I’m elected president, every single Supreme Court justice will faithfully follow the law and will not act like philosopher kings — TAPPER: Thank you, Senator.

CRUZ: — imposing their liberal policies on millions of Americans —

TAPPER: Thank you, Semator.

CRUZ: — who need to be trusted to govern ourselves.

TAPPER: Thank you, Senator.

(APPLAUSE)

Governor Huckabee, I want to bring you in very quickly if you could. Will you have a litmus test when it comes to appointing Supreme Court nominees?

HUCKABEE: You better believe I will, because I’m tired of liberals always having a litmus test and conservatives are supposed to pretend we don’t. Well let me tell you what mine would be.

Number one, I’d ask do you think that the unborn child is a human being or is it just a blob of tissue? I’d want to know the answer to that. I’d want to know do you believe in the First Amendment, do you believe that religious liberty is the fundamental liberty around which all the other freedoms of this country are based? And I’d want to know do you really believe in the Second Amendment, do you believe that we have an individual right to bear arms to protect ourselves and our family and to protect our country? And do you believe in the Fifth and the 14th Amendment? Do you believe that a person, before they’re deprived of life and liberty, should in fact have due process and equal protection under the law? Because if you do, you’re going to do more than defund Planned Parenthood.

TAPPER: Thank you, Governor.

HUCKABEE: One final thing. I’d make darn sure that we absolutely believe the 10th Amendment. Every governor on this stage would share this much with you. Every one of us — our biggest fight wasn’t always with the legislature or even with the Democrats. My gosh, half the time, it was with the federal government who apparently never understood —

TAPPER: Thank you, Governor.

HUCKABEE: — that if it’s not reserved in the Constitution, then the 10th Amendment says it’s left to the states. But somebody forgot to send a memo to Washington.

TAPPER: Thank you, Governor. We’re going to take a quick break. Coming up, one of the hottest questions that you have been asking us via social media. We will pose it to the candidates. That’s coming up right after this.

(APPLAUSE)

(COMMERCIAL BREAK)

TAPPER: Welcome back to CNN’s Republican presidential debate at the Reagan Library here in Simi Valley — Simi Valley, California.

Many people on social media wanted us to ask about marijuana legalization. Senator Paul, Governor Christie recently said, quote, “if you’re getting high in Colorado today,” where marijuana has been legalized, “enjoy it until January 2017, because I will enforce the federal laws against marijuana.” Will you?

PAUL: I think one of the great problems, and what American people don’t like about politics, is hypocrisy. People have one standard for others and not for them — for themselves.

There is at least one prominent example on the stage of someone who says they smoked pot in high school, and yet the people going to — to jail for this are poor people, often African-Americans and often Hispanics, and yet the rich kids who use drugs aren’t.

I personally think that this is a crime for which the only victim is the individual, and I think that America has to take a different attitude. I would like to see more rehabilitation and less incarceration. I’m a fan of the drug courts which try to direct you back towards work and less time in jail.

But the bottom line is the states. We say we like the 10th Amendment, until we start talking about this. And I think the federal government has gone too far, I think that the war on drugs has had a racial outcome, and really has been something that has really damaged our inner cities.

Not only do the drugs damage them, we damage them again by incarcerating them and then preventing them from getting employment over time.

So I don’t think that the federal government should override the states. I believe in the 10th Amendment and I really will say that the states are left to themselves.

(APPLAUSE)

TAPPER: I want to give that — I want to give the person that you called a hypocrite an opportunity to respond. Do you want to identify that person?

PAUL: Well, I think if we left it open, we could see how many people smoked pot in high school.

(LAUGHTER)

TAPPER: Is there somebody you were specifically thinking of?

PAUL: Well, you know, the thing is that…

BUSH: He was talking about me.

PAUL: Yeah, I was talking about (inaudible) — well, let me…

TAPPER: That’s what I though, but I wanted (inaudible) to say it.

BUSH: Well, I — I wanted to — be — make it easier for him.

TAPPER: OK.

BUSH: And I just did.

TAPPER: Governor Bush, please.

BUSH: So, 40 years ago, I smoked marijuana, and I admit it. I’m sure that other people might have done it and may not want to say it in front of 25 million people. My mom’s not happy that I just did.

(LAUGHTER)

(APPLAUSE)

BUSH: That’s true. And here’s the deal. Here’s the deal. We have — we have a serious epidemic of drugs that goes way beyond marijuana. What goes on in Colorado, as far as I’m concerned, that should be a state decision.

But if you look at the problem of drugs in this — in this society today, it’s a serious problem. Rand, you know this because you’re campaigning in New Hampshire like all of us, and you see the epidemic of heroin, the overdoses of heroin that’s taking place.

People’s families are — are being torn apart. It is appropriate for the government to play a consistent role to be able to provide more treatment, more prevention — we’re the state that has the most drug courts across every circuit in — in — in Florida, there are drug courts to give people a second chance.

That’s the best way to do this.

PAUL: But let me respond. The thing is, is that in Florida, Governor Bush campaigned against medical marijuana. That means that a small child like Morgan Hintz (ph) that has seizures is day, is failing on non-traditional medications, is not allowed to use cannabis oil.

And if they do that in Florida, they will take the child away, they will put the parents in jail. And that’s what that means if you’re against allowing people use medical marijuana, you’ll actually put them in jail.

BUSH: No, you’re wrong — you’re wrong about this.

PAUL: And actually, under the current circumstances, kids who had privilege like you do, don’t go to jail, but the poor kids in our inner cities go to jail. I don’t think that’s fair. And I think we need to acknowledge it, and it is hypocritical to still want to put poor people in jail… BUSH: I don’t want to put poor people in jail, Randy.

PAUL: Well, you vote — you oppose medical marijuana…

BUSH: Here’s the deal. No, I did not oppose when the legislature passed the bill to deal with that very issue. That’s the way to solve this problem.

Medical marijuana on the ballot was opened up, there was a huge loophole, it was the first step to getting to a (inaudible) place. And as a citizen of Florida, I voted no.

PAUL: But that means you’ll put people in jail.

(CROSSTALK)

TAPPER: I want to go right now — I want to go right now…

FIORINA: Jake, may I just say…

CHRISTIE: Jake, you brought my issue up.

TAPPER: That’s true. Go ahead, Christie, please.

CHRISTIE: You know, I enjoy the interplay. Thank you, gentlemen.

I’ll just say this, first off, New Jersey is the first state in the nation that now says if you are non-violent, non-dealing drug user, that you don’t go to jail for your first offense. You go to mandatory treatment.

You see, Jake, I’m pro-life. And I think you need to be pro-life for more than just the time in the womb. It gets tougher when they get out of the womb. And when they’re the 16-year-old drug addict in the Florida county lockup, that life is just as precious as the life in the womb.

And so, that’s why I’m for rehabilitation, why I think the war on drugs has been a failure.

But I’ll end with this. That doesn’t mean we should be legalizing gate way drugs. And if Senator Paul thinks that the only victim is the person, look at the decrease in productivity, look at the way people get used and move on to other drugs when they use marijuana as a gateway drug, it is not them that are the only victims. Their families are the victims too, their children are the victims too, and their employers are the victims also.

That’s why I’ll enforce the federal law, while you can still put an emphasis on rehabilitation, which we’ve done in New Jersey.

PAUL: May I respond?

FIORINA: Jake — Jake…

TAPPER: You may respond, and then I’ll bring in you, Ms. Fiorina.

(APPLAUSE)

PAUL: Understand what they’re saying. if they’re going to say we are going to enforce the federal law against what the state law is, they aren’t really believing in the Tenth Amendment.

Governor Christie would go into Colorado, and if you’re breaking any federal law on marijuana, even though the state law allows it, he would put you in jail. If a young mother is trying to give her child cannabis oil for medical marijuana for seizure treatment, he would put her in jail, if it violates federal law.

I would let Colorado do what the Tenth Amendment says. This power — we were never intended to have crime dealing at the federal level. Crime was supposed to be left to the states. Colorado has made their decision. And I don’t want the federal government interfering and putting moms in jail, who are trying to get medicine for their kid…

CHRISTIE: And Senator Paul knows that that’s simply not the truth.

In New Jersey, we have medical marijuana laws, which I supported and implemented. This is not medical marijuana. There’s goes as much — a further step beyond. This is recreational use of marijuana.

This is much different. And so, while he would like to use a sympathetic story to back up his point, it doesn’t work. I’m not against medical marijuana. We do it in New Jersey. But I’m against the recreational use against marijuana.

If he wants to change the federal law, get Congress to pass the law to change it, and get a president to sign it.

PAUL: May I respond? May I respond?

TAPPER: Yes, Senator Paul.

(APPLAUSE)

PAUL: Here is the thing, he doesn’t want to make it about medical marijuana, but what if New Jersey’s medical marijuana contradicts the federal law? He’s saying he’ll send the federal government in, and he will enforce the federal law. That’s not consistent with the Tenth Amendment. It is not consistent with states’ rights. And it is not consistent with the conservative vision for the country.

I don’t think we should be sending the federal police in to arrest a mother and separate them from their child for giving a medicine to their child for seizures.

(CROSSTALK)

TAPPER: I want to bring in Ms. Fiorina — I want to bring in Ms. Fiorina on this issue.

FIORINA: I very much hope I am the only person on this stage who can say this, but I know there are millions of Americans out there who will say the same thing.

My husband Frank and I buried a child to drug addiction. So, we must invest more in the treatment of drugs.

FIORINA: I agree with Senator Paul. I agree with states’ rights. But we are misleading young people when we tell them that marijuana is just like having a beer. It’s not. And the marijuana that kids are smoking today is not the same as the marijuana that Jeb Bush smoked 40 years ago.

(LAUGHTER)

We do — sorry, Barbara. We do need — we do need criminal justice reform. We have the highest incarceration rates in the world. Two- thirds of the people in our prisons are there for non-violent offenses, mostly drug related. It’s clearly not working.

But we need to tell young people the truth. Drug addiction is an epidemic, and it is taking too many of our young people. I know this sadly from personal experience.

TAPPER: Hugh — Hugh, I’d like to…

(APPLAUSE)

HEWITT: Thank you, Jake.

Tomorrow is — Republicans know this — tomorrow is Constitution Day. We’ve been talking about the 10th Amendment. Let’s talk about the Second Amendment.

Governor Bush, one of the things the Supreme Court has gotten right is that it’s an individual right and it’s protected for individuals to hold it.

Last week, you said the next step in gun issues is to make sure they’re not in the hands of mentally ill. In this state, there’s a controversial law that allows guns to be taken away from people without a hearing.

Where does it go — and the problem of violence is endemic, but where does it go from what you said last week, how far into people’s lives to take guns away from them?

BUSH: Not very far.

I think we need to do this state by state. There are places that get this right, and we need to make sure that we protect the privacy laws. This is a complicated place. But I do think the natural impulse on the left — Hillary Clinton, immediately after one of these horrific violent acts took place, immediately said we need to have federal gun laws. President Obama almost reflexively always says the same thing.

And the net result is, you’re going to take away rights of — of law- abiding citizens, the 99.999 percent of the people that are law- abiding citizens. That’s not the right approach to do it. In Florida, we have a background check. We have concealed-weapon permit holders, and in fact, there’s 1,200,000 of them. We have a reduction in violent crime because we put people behind bars when they use a gun in the commission of the crime. That’s the better approach.

But we’re living in a society today where despair kind of grows in isolation.

HEWITT: If a family member calls and says, “My child, my brother, my sister is disturbed,” ought the state be able to go and get their weapon without a hearing?

BUSH: I — I think there needs to be a hearing, but the fact is, we need to encourage that kind of involvement. That’s — that’s exactly what we need to do.

(CROSSTALK)

RUBIO: There’s a broader issue here, Hugh. And there’s a broader issue here as well.

First of all, the only people that follow the law are law-abiding people. Criminals by definition ignore the law, so you can pass all the gun laws in the world, like the left wants. The criminals are going to ignore it because they are criminals.

Here’s the real issue.

(APPLAUSE)

The real issue — the real issue is not what are people using to commit violence, but why are they committing the violence? And here’s the truth: Because you cannot separate the social, moral wellbeing of your people from their economic and other wellbeing. You cannot separate it.

You can’t have a strong country without strong people, you cannot have strong people without strong values, and you cannot have strong values without strong families and the institutions in this country that defend and support those families.

HEWITT: Thank you, Senator.

RUBIO: Well, and today, we have a left-wing government under this president that is undermining all of the institutions and society that support the family and teach those values.

HEWITT: Senator Cruz, I want to go to you.

Your constitutional litigant (ph), are you afraid of the next- step theory of what happens to Second Amendment rights?

CRUZ: I — I am not, and — and you mentioned that the U.S. Supreme Court had rightly upheld the individual right to keep and bear arms.

I was proud to lead 31 states before the U.S. Supreme Court defending the Second Amendment, and we won that landmark victory. And indeed, just a couple of years ago, when Harry Reid and Barack Obama came after the right to keep and bear arms of millions of Americans, I was proud to lead the fight in the United States Senate to protect our right to keep and bear arms, and for that reason…

HEWITT: Thank you, Senator.

CRUZ: … I was honored to be endorsed by Gun Owners of America…

HEWITT: Thank you, Senator.

CRUZ: … as the strongest supporter of the Second Amendment on this stage today, and I will…

HEWITT: Thank you, senator.

CRUZ: … fight every day to defend the Bill of Rights.

TAPPER: I’d like to turn it over — I’d like to turn to Dana Bush.

BASH: Mr. Trump, you have said once or twice that you are really rich, and you are by far the richest person on this stage.

Chris Christie says billionaires like you and even people who make and earn far less should no longer get Social Security, or at least there should be limits based on — on their income.

You think he’s wrong, and if so, why?

TRUMP: Speaking for myself, I’m OK with it. I think there’s a certain truth to it. I know people that, frankly, it has no impact on their life whatsoever. There are many people.

I would almost say leave it up to them, but I would be willing to check it off, and say I will not get Social Security. I do not…

BASH: What about the country as a — as a policy?

TRUMP: As a policy, I would almost leave it up to the people. Don’t forget they pay in and they pay in, and maybe they do well, and maybe some people want it. But the fact is that there are people that truly don’t need it, and there are many people that do need it very, very badly. And I would be willing to write mine off 100 percent, Dana.

BASH: So is a voluntary program the way to get the Social Security system solvent again like that.

CHRISTIE: No, it’s not. But with Donald, it’s a good start. That’s really good.

(LAUGHTER)

No, listen. This is an issue that — that we’ve gotta talk about, and we haven’t talked about yet.

71 percent of all federal spending is on entitlements and debt service. When John Kennedy was elected president in 1960, it was 26 percent.

Harvard and Dartmouth says that Social Security’s going to go insolvent in seven to eight years. So what I say is very simple. We need to save this program for the good people out there who have paid into the system and need it.

And if that means making sure that folks like Donald and many of us on the stage don’t get it, that’s the right thing to do because here’s what Hillary Clinton is going to want to do.

She’s going to want to put more money into a system that has already lied to us and stolen from us. This government doesn’t need more money to make Social Security solvent. We need to be not paying out benefits to people who don’t really need it.

We need to protect the people who Social Security means the difference between picking between heat and rent and food. That’s why I put out the proposal and that’s the people I’m trying to…

(CROSSTALK)

TAPPER: Thank you, Governor.

(CROSSTALK)

TAPPER: I’m coming to you right now on a separate issue, sir. We received…

(UNKNOWN): Well, I want to talk about this issue for a moment.

TAPPER: We received a lot of questions from social media about climate change.

Senator Rubio, Ronald Reagan’s secretary of state, George Shultz, reminds us that when Reagan was president he faced a similar situation to the one that we’re facing now. There were dire warnings from the mass consensus of the scientific community about the ozone layer shrinking.

Shultz says Ronald Reagan urged skeptics in industry to come up with a plan. He said, do it as an insurance policy in case the scientists are right. The scientists were right. Reagan and his approach worked.

Secretary Shultz asks, why not take out an insurance policy and approach climate change the Reagan way?

RUBIO: Because we’re not going to destroy our economy the way the left-wing government that we are under now wants to do. We’re not going to…

TAPPER: I’m citing George Shultz.

RUBIO: Well, and I don’t — he may have lined up with their positions on this issue. But here is the bottom line. Every proposal they put forward are going to be proposals that will make it harder to do business in America, that will make it harder to create jobs in America.

Single parents are already struggling across this country to provide for their families. Maybe a billionaire here in California can afford an increase in their utility rates, but a working family in Tampa, Florida, or anywhere across this country cannot afford it.

So we are not going to destroy our economy. We are not going to make America a harder place to create jobs in order to pursue policies that will do absolutely nothing, nothing to change our climate, to change our weather, because America is a lot of things, the greatest country in the world, absolutely.

But America is not a planet. And we are not even the largest carbon producer anymore, China is. And they’re drilling a hole and digging anywhere in the world that they can get a hold of.

So the bottom line is, I am not in favor of any policies that make America a harder place for people to live, or to work, or to raise their families.

(APPLAUSE)

TAPPER: Governor Christie, you have said that climate change is real, and that humans help contribute to it. Without getting into the issue of China versus the United States, which I understand you’ve talked about before, what do you make of skeptics of climate change such as Senator Rubio?

CHRISTIE: I don’t think Senator Rubio is a skeptic of climate change. I think what Senator Rubio said I agree with. That in fact we don’t need this massive government intervention to deal with the problem.

Look at what we have done in New Jersey. We have already reached our clean air goals for 2020. And when I was governor, I pulled out of the regional cap and trade deal, the only state in the Northeast that did that. And we still reached our goals.

Why? Because 53 percent of our electricity comes from nuclear. We use natural gas. We use solar power. We’re the third-highest- using solar power state. You know why? Because we made all of those things economically feasible.

I agree with Marco. We shouldn’t be destroying our economy in order to chase some wild left-wing idea that somehow us by ourselves is going to fix the climate. We can contribute to that and be economically sound.

We have proven we can do that in New Jersey. Nuclear needs to be back on the table in a significant way in this country if we want to go after this problem.

(APPLAUSE)

TAPPER: Just for the record, I was citing Secretary of State George Shultz, Ronald Reagan’s secretary of state who I don’t think anybody would call him left-wing. CHRISTIE: I understand. No, no, listen, everybody makes a mistake

every once in a while, Jake, even George Shultz. And if that’s truly a representation of what he believes we should be doing, then with all due respect to the former secretary of state, I disagree with him.

RUBIO: Jake, you mentioned me and called me a denier. Let me say, climate change…

TAPPER: I called you a skeptic.

RUBIO: OK. A skeptic. You can measure the climate. You can measure it. That’s not the issue we’re discussing. Here is what I’m skeptical of. I’m skeptical of the decisions that the left wants us to make, because I know the impact those are going to have and they’re all going to be on our economy.

They will not do a thing to lower the rise of the sea. They will not do a thing to cure the drought here in California. But what they will do is they will make America a more expensive place to create jobs.

And today with millions of people watching this broadcast that are struggling paycheck to paycheck that do not know how they’re going to pay their bills at the end of this month, I’m not in favor of anything that is going to make it harder for them to raise their family.

(CROSSTALK)

TAPPER: I want to go another question right now.

(CROSSTALK) WALKER: … a lot of those people, though, and I’m going to echo what Senator Rubio just said. This is an issue where, we’re talking about my state, it’s thousands of manufacturing jobs. Thousands of manufacturing jobs for a rule the Obama administration, own EPA has said will have a marginal impact on climate change.

So we’re going to put thousands and thousands of jobs in my state, I think it’s something like 30,000 in Ohio, other states across this country, we’re going to put people — manufacturing jobs, the kind of jobs that are far greater than minimum wage, this administration is willing to put at risk for something its own EPA says is marginal (ph)…

TAPPER: Thank you, Governor.

(CROSSTALK)

(CROSSTALK)

TAPPER: I’m turning to…

PAUL: If you want a skeptic — if you want a skeptic, Jake, I will happily jump into that briar patch. If you want a real…

TAPPER: …I’m turning to another — I’m turning to another issue right now. Senator Cruz. Well, I think we’ve heard from several this evening. A backlash against vaccines was blamed for a measles outbreak here in

California. Dr. Carson, Donald Trump has publicly and repeatedly linked vaccines, childhood vaccines, to autism, which, as you know, the medical community adamantly disputes.

You’re a pediatric neurosurgeon. Should Mr. Trump stop saying this?

CARSON: Well, let me put it this way, there has — there have been numerous studies, and they have not demonstrated that there is any correlation between vaccinations and autism.

This was something that was spread widely 15 or 20 years ago, and it has not been adequately, you know, revealed to the public what’s actually going on. Vaccines are very important. Certain ones. The ones that would prevent death or crippling.

There are others, there are a multitude of vaccines which probably don’t fit in that category, and there should be some discretion in those cases. But, you know, a lot of this is — is — is pushed by big government.

And I think that’s one of the things that people so vehemently want to get rid of, big government. You know, we have 4.1 million federal employees. Six hundred and fifty federal agencies and department (sic).

That’s why they have to take so much of our taxes. TAPPER: Should he stop saying it? Should he stop saying that vaccines cause autism?

CARSON: Well, you know, I’ve just explained it to him. He can read about it if he wants to. I think he’s an intelligent man and will make the correct decision after getting the real facts.

TAPPER: Mr. Trump, as president, you would…

TRUMP: Well, I — I — I’d like to respond.

TAPPER: I’m going right to you.

TRUMP: I’d like to respond.

TAPPER: Mr. Trump, as president, you would be in charge of the Centers for Disease Control and the National Institutes of Health, both of which say you are wrong. How would you handle this as president?

TRUMP: Autism has become an epidemic. Twenty-five years ago, 35 years ago, you look at the statistics, not even close. It has gotten totally out of control.

I am totally in favor of vaccines. But I want smaller doses over a longer period of time. Because you take a baby in — and I’ve seen it — and I’ve seen it, and I had my children taken care of over a long period of time, over a two or three year period of time.

Same exact amount, but you take this little beautiful baby, and you pump — I mean, it looks just like it’s meant for a horse, not for a child, and we’ve had so many instances, people that work for me.

Just the other day, two years old, two and a half years old, a child, a beautiful child went to have the vaccine, and came back, and a week later got a tremendous fever, got very, very sick, now is autistic.

I only say it’s not — I’m in favor of vaccines, do them over a longer period of time, same amount.

TAPPER: Thank you.

TRUMP: But just in — in little sections.

TAPPER: Dr. — Dr. Carson?

TRUMP: I think — and I think you’re going to have — I think you’re going to see a big impact on autism.

TAPPER: Dr. Carson, you just heard his medical take.

(LAUGHTER)

CARSON: He’s an OK doctor.

(LAUGHTER)

(APPLAUSE)

CARSON: But, you know, the fact of the matter is, we have extremely well-documented proof that there’s no autism associated with vaccinations. But it is true that we are probably giving way too many in too short a period of time.

And a lot of pediatricians now recognize that, and, I think, are cutting down on the number and the proximity in which those are done, and I think that’s appropriate.

TRUMP: And that’s all I’m saying, Jake. That’s all I’m saying.

TAPPER: Dr. Paul? Dr. Paul, I’d like to bring you in.

PAUL: A second opinion?

(LAUGHTER)

One of the greatest — one of the greatest medical discoveries of all times was — were the vaccines, particularly for smallpox. And if you want to read a story, it’s called The Speckled Monster, it’s an amazing story, it was all done voluntary.

But people came in by the droves. George Washington wouldn’t let his wife visit until she got vaccinated. So I’m all for vaccines. But I’m also for freedom.

I’m also a little concerned about how they’re bunched up. My kids had all of their vaccines, and even if the science doesn’t say bunching them up is a problem, I ought to have the right to spread out my vaccines out a little bit at the very least.

TAPPER: Alright, thank you so much…

HUCKABEE: Jake? Jake?

TAPPER: Coming up — I’m sorry, Governor Huckabee, please.

HUCKABEE: I think we need to remember that there are maybe some controversies about autism, but there is no controversy about the things that are really driving the medical costs in this country.

And I would really believe that the next president ought to declare a war on cancer, heart disease, diabetes, and Alzheimer’s, because those are the four things that are causing the greatest level of cost.

John Kennedy said, “we’ll go to the moon in a decade and bring a man back,” and we did it. I grew up in the ’50s. I remember the polio vaccine. We saved billions of dollars since that time, because we haven’t had to treat for polio.

Why doesn’t this country focus on cures rather than treatment? Why don’t we put a definitive focus scientifically on finding the cure for cancer, for heart disease, for diabetes and for Alzheimer’s, a disease alone that will cost us —

TAPPER: Thank you, Governor.

HUCKABEE: $1.1 trillion by the year 2050. We change the economy and the country.

TAPPER: We have to take another quick break. Coming up, Ronald Reagan looming large over this debate. So how Reaganesque exactly are these Republicans? We will find out next.

(APPLAUSE)

(COMMERCIAL BREAK)

TAPPER: Welcome back to CNN’s Republican Presidential Debate at the Reagan Library in Simi Valley, California. We have a few last questions for you. Two of them a little lighthearted, the other one more serious. We’ll start with one of the more light questions. Senator Paul, I’m going to start with you and we’re just going to go down the line.

Earlier this year, the Treasury Department announced that a woman will appear on the $10 bill. What woman would you like to see on the $10 bill?

PAUL: Ooh, that’s a tough one. You know, I’m big on — that we were — and I love what Carly said about women’s suffrage. I think Susan B. Anthony might be a good choice.

TAPPER: Governor Huckabee?

HUCKABEE: That’s an easy one. I’d put my wife on there. (LAUGHTER)

I’ve been married to her 41 years. She’s fought cancer and lived through it. She’s raised three kids, five great grandkids, and she’s put up with me. I mean, who else could possibly be on that money other than my wife. And that way, she could spend her own money with her face.

(LAUGHTER)

TAPPER: Senator Paul (sic).

RUBIO: Senator Rubio, you mean?

TAPPER: I’m sorry. Senator Rubio?

RUBIO: I know we all look alike.

(LAUGHTER)

TAPPER: Just the senators.

RUBIO: The — Rosa Parks, an everyday American that changed the course of history.

TAPPER: Senator Cruz?

CRUZ: Well, I wouldn’t change the $10 bill, I’d change the $20. I’d take Jackson off and I’d leave Alexander Hamilton right where he is as one of our Founding Fathers.

(APPLAUSE)

And I very much agree with Marco that it should be Rosa Parks. She was a principled pioneer that helped change this country, helped remedy racial injustice, and that would be an honor that would be entirely appropriate.

TAPPER: Dr. Carson?

CARSON: I’d put my mother on there. You know, she was one of 24 children, got married at age 13, had only a third grade education, had to raise two sons by herself, refused to be a victim. Wouldn’t let us be victims, and has been an inspiration to many people.

(APPLAUSE)

TAPPER: Mr. Trump.

TRUMP: Well, because she’s been sitting for three hours, I think my daughter, Ivanka, who’s right here.

(APPLAUSE)

TRUMP: Other than that we’ll go with Rosa Parks. I like that.

TAPPER: Governor Bush.

BUSH: I would go with Ronald Reagan’s partner, Margaret Thatcher. Probably illegal, but what the heck?

(APPLAUSE)

BUSH: Since it’s not going to happen. A strong leader is what we need in the White House, and she certainly was a strong leader that restored the United Kingdom into greatness.

TAPPER: Governor Walker. WALKER: First of all, I got to say to Carson, Huckabee, thanks a lot for making the rest of us look like chumps up here, but, I’d pick Clara Barton. I once worked for the American Red Cross, she was a great founder of the Red Cross.

TAPPER: Mrs. Fiorina.

FIORINA: I wouldn’t change the $10 bill, or the $20 bill. I think, honestly, it’s a gesture. I don’t think it helps to change our history. What I would think is that we ought to recognize that women are not a special interest group. Women are the majority of this nation. We are half the potential of this nation, and this nation will be better off when every woman has the opportunity to live the life she chooses.

(APPLAUSE)

TAPPER: Governor Kasich.

KASICH: Well, it’s probably not, maybe, legal, but, I would pick Mother Theresa, the lady that I had a chance to meet, a woman who lived a life so much bigger than her own. An inspiration to everyone when we think about our responsibility to love our neighbor as we love ourselves.

TAPPER: Governor Christie.

CHRISTIE: I think the Adams family has been shorted in the currency business. Our country wouldn’t be here without John Adams, and he would not have been able to do it without Abigal Adams, so, I’d put Abigail Adams on the bill.

(APPLAUSE)

TAPPER: Alright. Some good entries if anybody at the mint was listening. Here’s the next lighthearted question, you all know that the United States Secret Service uses codenames for the president, and his family. Ronald Reagan’s codename, for example, was, “Rawhide”, an homage to his performances in Westerns. Nancy Reagan’s was, “Rainbow”.

You don’t have to come up the one for your spouse, but, what would you want, Governor Christie, I’ll start with you, your Secret Service codename to be.

(LAUGHTER) CHRISTIE: You know, I’ve been called a lot of names by a lot of different people, and now I got to get called by names by the Secret Service?

I would just say True Heart.

KASICH: Well, I have one now — they (ph) call me, “Unit One”.

My wife says, “You’ll never be Unite One, I’m Unite One. You’re Unit Two.” FIORINA: Secretariat.

TAPPER: Governor Walker?

WALKER: Harley. I love riding Harley’s.

BUSH: Ever Ready, it’s very high energy, Donald.

(APPLAUSE)

TAPPER: Mr. Trump?

TRUMP: Humble.

(LAUGHTER)

(APPLAUSE)

MALE: That’s a good one.

TAPPER: Dr. Carson?

CARSON: One Nation.

TAPPER: Senator Cruz?

CRUZ: You know, as a Cuban, I might go with Cohiba (ph), and I’ll tell you, I’d go with, for Heidi, Angel, because she is my angel.

TAPPER: Senator Rubio?

RUBIO: Well, there are some people in Florida upset at me over a joke I made about Florida State, but, what the heck, I want my codename to be Gator.

(LAUGHTER)

(APPLAUSE)

TAPPER: Governor Huckabee.

HUCKABEE: I’d go with Duck Hunter.

TAPPER: Senator Paul.

PAUL: Justice Never Sleeps.

(LAUGHTER)

TAPPER: That’s a mouthful, but OK.

(LAUGHTER)

TAPPER: OK, here’s the more serious question, Ronald Reagan, the 40th President, used the plane behind you to accomplish a great many things. Perhaps, most notably, to challenge Mikhail Gorbachev to tear down the wall, and ultimately, to make peace with the USSR.

How will the world look different once your Air Force One is parked in the hangar of your presidential library?

Senator Paul?

PAUL: I met Ronald Reagan as a teenager, and my family, we’re big supporters of him when he ran against Gerald Ford. It was a big deal because he was the grassroots, running against the establishment, and I’ll never forget that. And, how he stood up and said, you know what, this is something new that our country needs, and our party needs.

If I were president, I would try to be one who says, you know what, I’m a Reagan Conservative. I’m someone who believes in peace through strength, and I would try to lead the country in that way knowing that our goal is peace, and that war is the last resort, not the first resort. And, that when we go to war, we go to war in a constitutional way, which means that we have to vote on it, that war is initiated by congress, not by the president, that we go to war electively (ph). That when we go to war, we don’t fight with one arm tied behind our back, we fight all out to win, but then we come home.

(APPLAUSE)

HUCKABEE: At the end of my presidency I would like to believe that the world would be a safe place, and there wouldn’t be the threats. not only to the U.S., but to Israel and our allies, because we would have the most incredible well-trained, well-equipped, well- prepared military in the history of mankind. And they would know that the commander-in-chief would never send them to a mission without all the resources necessary, but people wouldn’t bully us anymore. Because they would know that that would be an invitation to their destruction.

Domestically, we would be operating under a tax system that eliminated the IRS. People wouldn’t be punished for their work, and for what they produced.

And life would be really deemed precious. Abortion would be no more. It would be as much of a scourge in our past as slavery is. And we would have a peaceful country, where people respected each other and people respected law enforcement. And we would focus on cures.

And we would make this country not only safe from our enemies without, but safe from the enemies within. And it would be a good place to raise our kids and our grandkids.

(APPLAUSE) RUBIO: One of the things that made Ronald Reagan a great president, is that he understood that America was a unique nation, like any other that had existed throughout human history. He knew it was founded on universal principles that were powerful, the dignity of all people, human rights, the rights of all to live in freedom and liberty, and choose their own path in life. He didn’t just believe it, he acted on it. That’s why bringing down communism was so important to him. If I’m honored with the opportunity to be president, I hope that our Air Force One will fly, first and foremost, to our allies; in Israel, in South Korea, and Japan. They know we stand with them. That America can be counted on.

It would also fly to China, not just to meet with our enemies, not just to meet with those adversaries of ours that are there, but also to meet with those that aspire to freedom and liberty within China. I would even invite them to my inauguration.

We would also fly into Moscow and into Russia. And not just meet with the leaders of Russia, but also meet with those who aspire to freedom and liberty in Russia. And ultimately, I hope that my Air Force One, if I become president, will one day land in a free Cuba, where its people can choose its leaders and its own destiny.

(APPLAUSE)

CRUZ: Ronald Reagan believed in America.

If I’m elected president our friends and allies across the globe will know that we stand with them. the bust of Winston Churchill will be back in the Oval Office, and the American embassy in Israel will be in Jerusalem.

Enemies across this world will know the United States is not to be trifled with. ISIS will be defeated. We will have a president willing to utter the words, “radical Islamic terrorism,” and the Ayatollah Khamenei will understand that he will never, ever, ever acquire nuclear weapons.

Here at home, we’ll reignite the promise of America. Young people coming out of school, with student loans up to their eyeballs, will find instead of no jobs, two, three, four, five job opportunities.

How will that happen? Through tax reform. We’ll pass a simple flat tax and abolish the IRS. And through regulatory reform, we will repeal every word of Obamacare.

You want to know what I’ll do as president? It is real simple. We’ll kill the terrorists, we’ll repeal Obamacare, and we will defend the Constitution, every single word of it.

(APPLAUSE)

CARSON: Well, you know, I was a radical Democrat before I started listening to Ronald Reagan. And he didn’t sound like what they said Republicans were. He sounded logical. And I hope that I sound logical also. Because when

I look at what is going on with the United States of America, I see a lot of things that are not logical.

I see us allowing people to divide us, when in fact our strength is in our unity. I see people exercising the most irresponsible fiscal habits that anyone could possibly do. And hiding it from the American people, so that the majority of people have no idea what our financial situation is.

So, when someone comes along and says, free college, free phones, free this and that, and the other, they say, “wow, that’s nice,” having no idea that they’re destabilizing our position. And I think also that Ronald Reagan was a master at understanding that a pinnacle nation has to be a nation that leads.

If we learn to lead in the Middle East right now, a coalition will form behind us, but never they do it if we just sit there and talk about it.

Real leadership is what I would hopefully bring to America.

(APPLAUSE)

TRUMP: If I become president, we will do something really special. We will make this country greater than ever before. We’ll have more jobs. We’ll have more of everything.

We were discussing disease, we were discussing all sorts of things tonight, many of which will just be words, it will just pass on. I don’t want to say politicians, all talk, no action. But a lot of what we talked about is words and it will be forgotten very quickly.

If I’m president, many of the things that we discussed tonight will not be forgotten. We’ll find solutions. And the world will respect us. They will respect us like never before. And it will be actually a friendlier world.

And I have to say, it is a great honor to be here tonight.

(APPLAUSE)

BUSH: Six million more people are living in poverty than the day that Barack Obama got elected president. Six million more people. The middle class has had declining income, workforce participation rates are lower than they were in 1977.

For the first time in modern history, more businesses are failing than are being created. That is what the next president will have to deal with.

And I believe we can reverse course by creating a strategy of high sustained economic growth, not the new normal of 2 percent that all the left says we just have to get used to, but a 4 percent growth strategy where we reform how we tax, fix the broken regulatory system, embrace the energy revolution in our midst, fix the immigration system so we can turn it into an economic driver, deal with the structural fiscal problems that exist because of our entitlement problems that will overwhelm and create way too much debt.

If we grow at 4 percent, people are going to be lifted out of poverty. The great middle that defines our country will have a chance to be able to pursue their dreams as they see fit.

That should be the great challenge and the great opportunity for the next president of the United States, to forge consensus to go back to a high-growth strategy. And then we’ll be able to lead the world.

Without a high-growth strategy, our country will never have the resources or the optimism to be able to lead the world, which the world desperately needs our leadership.

(APPLAUSE)

WALKER: Well, I turned 13 years old two days before Ronald Reagan was first elected. A lot of people forget this, but just a few days before that election 1980, he was behind in the polls.

And I think what changed things was people in America realized they didn’t want to hear what was bad about America, they wanted to know how it was going to be better. Ronald Reagan wasn’t just a conservative Republican, he was an eternal optimist in the American people.

And I am too. So here’s what I think will make America better. We need to live in a world where our children are free, are free from the threats of radical Islamic terrorism.

We need to live in an America where we have an economy, where everyone can live their piece of the American dream, no matter what that dream is. And we need to live in an America where we have a federal government that is not too big to fail, but ultimately small enough to succeed, where we send powers back to the states and back to the people.

That’s what I did in Wisconsin. We took on the big government union bosses, the big government special interests, many of whom came in from Washington, to spend millions of dollars to try and take me out because we stood up to them, we didn’t back down in any of those instances.

If you give me the chance as your next president, I won’t back down any day, anyway, anyhow. I’ll fight and win for you and your families every single day I’m in office.

(APPLAUSE)

FIORINA: I think what this nation can be and must be is symbolized by Lady Liberty and Lady Justice. Lady Liberty stands tall and strong. She is clear-eyed and resolute. She doesn’t shield her eyes from the realities of the world, but she faces outward into the world nevertheless, as we always must.

And she holds her torch high, because she knows she is a beacon of hope in a very troubled world.

And Lady Justice, Lady Justice holds a sword by her side, because she is a fighter, a warrior for the values and the principles that have made this nation great. She holds a scale in her other hand. And with that scale she says all of us are equal in the eyes of God. And so all of us must be equal in the eyes of the law and the government, powerful and powerless alike.

And she wears a blindfold. And with that blindfold she is saying to us that it must be true, it can be true that in this country, in this century, it doesn’t matter who you are, it doesn’t matter what you look like, it doesn’t matter how you start, it doesn’t matter your circumstances, here in this nation, every American’s life must be filled with the possibilities that come from their God-given gifts.

One nation, under God, indivisible, with liberty and justice for all.

(APPLAUSE)

KASICH: Well, as president, I will make this a nation that will solve problems. And how? By having the elected officials and the leaders realize they’re Americans before they’re Republicans or Democrats. I did it in Washington. And I’ve done it in Ohio by having the elected officials realize that they’re Ohioans before anything else.

Secondly, I will rebuild the relationships and show the respect to our allies around the world. We have no choice but to do that. We will be stronger when we are unified. And we’ll fight for freedom and for human rights.

And finally, a little bit of what Carly said. The people that are out there listening, America was never great because we ran America from the top down. America is great because we have run America from the bottom up, where we all live in the neighborhoods.

One more time in America, we need to revive the concept of citizenship, where everybody’s actions make a huge difference in changing the world. We have a Holocaust memorial on our state house grounds. And there is one line on there that stands out all the time. “If you’ve saved one life, you’ve changed the world.”

We need to adopt that as citizens and rebuild and reinspire our country. Thank you.

(APPLAUSE)

CHRISTIE: I turned 18 in 1980, and my first vote was for Ronald Reagan. Boy, am I glad I did it. And I think the country is, too. A Christie presidency won’t be about me. It will be about you.

Tonight, you sit at home in your living room, frustrated that you play by the rules, you pay the taxes, you do the hard things to raise your family, yet you feel like America’s generosity is being taken advantage of. That you’ve been — system is being gamed, and that you’re turning out to fall further and further behind. Our presidency — our presidency — will be about ending that, about

enforcing the law, level the playing field for everybody, and once again reward those folks who play by the rules, and think that justice means more than just the word. But it means a way of life.

And I will tell you this, around the world, I will not shake hands with, I will not meet with, and I will not agree to anything with a country that says death to us and death to Israel and holds our hostages while we sign agreements with them.

It will be an America that be strong and resolute, and will once again be able to stick out its chest and say, “we truly are the greatest nation in the world, because we live our lives that way, each and every day.”

(APPLAUSE)

TAPPER: That concludes this Republican presidential debate. On behalf of everyone here at CNN, we want to thank the candidates, the Reagan Library, and the Republican National Committee. Thank you, also, to Hugh Hewitt and Dana Bash.

The next presidential debate will also be right here on CNN, among the Democratic candidates, who will face off for the first time on October the 13th. That debate, a partnership with Facebook, will be moderated by my colleague, Anderson Cooper.

And Anderson picks up our coverage of tonight’s debate right now. Before I throw to Anderson, let’s have one final round of applause for the candidates.

(APPLAUSE)