DENVER — In a showdown at close quarters, President Barack Obama and Republican Mitt Romney sparred aggressively in their first campaign debate Wednesday night over taxes, deficits and strong steps needed to create jobs in a sputtering national economy. “The status quo is not going to cut it,” declared the challenger.Obama in turn accused his rival of seeking to “double down” on economic policies that actually led to the devastating national downturn four years ago — and of evasiveness when it came to prescriptions for tax changes, health care, Wall Street regulation and more.The economy dominated the evening, as it has the race for the White House all year. Pre-debate opinion polls showed Obama with a slight advantage in key battleground states and nationally.With early voting already under way in dozens of states, Romney was particularly aggressive in the 90-minute event that drew a television audience likely to be counted in the tens of millions — like a man looking to shake up the campaign with a little less than five weeks to run.The former Massachusetts governor virtually lectured Obama at one point after the president accused him of seeking to cut education funds. “Mr. President, you’re entitled to your own airplane and your own house, but not your own facts,” he said.Romney said he had plans to fix the economy, overhaul the tax code, repeal Obama’s health care plan and replace with a better alternative, remake Medicare, pass a substitute for the legislation designed to prevent another financial crash and reduce deficits — but he provided no new specifics despite Obama’s prodding.Said Obama: “At some point the American people have to ask themselves: Is the reason Governor Romney is keeping all these plans secret, is it because they’re going to be too good? Because middle class families benefit too much? No.”The two men debate twice more this month, but they were first going their separate ways on Thursday. Obama had campaign stops in Colorado and then Madison, Wis., while Romney was booked into Virginia. All three states are among the nine battlegrounds likely to settle the race.At times the debate turned into rapid-fire charges and retorts that drew on dense facts and figures that were difficult to follow. The men argued over oil industry subsidies, federal spending as a percentage of the GDP, Medicare cuts, taxes and small businesses and the size of the federal deficit and how it grew.Obama sometimes seemed somewhat professorial. Romney was more assertive and didn’t hesitate to interrupt the president or moderator Jim Lehrer.Despite the wonky tone of the debate, Romney managed to make some points by personalizing his comments with recollections of people he said he had met on the campaign trail. In another folksy reference, Romney told Lehrer, a veteran of the Public Broadcasting Service, that he would stop the federal subsidy to PBS even though “I love Big Bird.”Generally polite but pointed, the two men agreed about little if anything.Obama said his opponent’s plan to reduce all tax rates by 20 percent would cost $5 trillion and benefit the wealthy at the expense of middle income taxpayers.Shot back Romney: “Virtually everything he just said about my tax plan is inaccurate.”The former Massachusetts governor and businessman added that Obama’s proposal to allow the expiration of tax cuts on upper-level income would mean tax increases on small businesses that create jobs by the hundreds of thousands.Not surprisingly, the two men disagreed over Medicare, a flash point since Romney placed Wisconsin Rep. Paul Ryan on his ticket. The president repeatedly described Romney’s plan as a “voucher program” that would raise out-of-pocket costs on seniors. He continued, directly addressing the voters at home: “If you’re 54 or 55 you might want to listen because this will affect you.”Romney said he doesn’t support any changes for current retirees or those close to retirement. “If you’re 60 or 60 and older you don’t need to listen further,” he said, but he contended that fundamental changes are needed to prevent the system from becoming insolvent as millions of baby boom generation Americans become eligible.Romney also made a detailed case for repealing Obamacare, the name attached to the health care plan that Obama pushed through Congress in 2010. “It has killed jobs,” he said, and argued that the best approach is to “do what we did in my state.”Though he didn’t say so, when he was governor Massachusetts passed legislation that required residents to purchase coverage — the so-called individual mandate that conservatives and he oppose on a national level.Romney also said that Obamacare would cut $716 billion from Medicare over the next decade.The president said the changes were part of a plan to lengthen the program’s life, and he added that AARP, the seniors lobby, supports it.The two presidential rivals also are scheduled to debate on Oct. 16 in Hempstead, N.Y., and Oct. 22 in Boca Raton, Fla.Vice President Joe Biden and Republican Rep. Paul Ryan of Wisconsin have one debate, Oct. 11 in Danville, Ky. Both men have already begun holding practice sessions.
