We present high spatial resolution mid- and far-infrared images of the Vega debris disk obtained with the Multiband Imaging Photometer for Spitzer (MIPS). The disk is well resolved and its angular size is much larger than found previously. The radius of the disk is at least 43 (330 AU), 70(543 AU), and 105 (815 AU) in extent at 24, 70 and 160 um, respectively. The disk images are circular, smooth and without clumpiness at all three wavelengths. The radial surface brightness profiles imply an inner boundary at a radius of 11+/-2 (86 AU). Assuming an amalgam of amorphous silicate and carbonaceous grains, the disk can be modeled as an axially symmetric and geometrically thin disk, viewed face-on, with the surface particle number density following an r^-1 power law. The disk radiometric properties are consistent with a range of models using grains of sizes ~1 to ~50 um. We find that a ring, containing grains larger than 180 um and at radii of 86-200 AU from the star, can reproduce the observed 850 um flux, while its emission does not violate the observed MIPS profiles. This ring could be associated with a population of larger asteroidal bodies analogous to our own Kuiper Belt. Cascades of collisions starting with encounters amongthese large bodies in the ring produce the small debris that is blown outward by radiation pressure to much larger distances where we detect its thermal emission. The dust production rate is >~10^15 g/s based on the MIPS results. This rate would require a very massive asteroidal reservoir for the dust to be produced in a steady state throughout Vegas life. Instead, we suggest that the disk we imaged is ephemeral and that we are witnessing the aftermath of a large and relatively recent collisional event, and subsequent collisional cascade.