Klobuchar: ‘I’ll Vote Yes On Debt Bill’

MINNEAPOLIS (WCCO) — The U.S. Senate and House of Representatives are expected to vote Monday on a deal to raise the debt ceiling and cut the deficit. Minnesota Sen. Amy Klobuchar spoke with WCCO’s Dave Lee about the deal and what it means.

“First of all, the debt ceiling won’t lapse,” she said. “There were so many concerns I heard from all over the state about people’s retirements funds, 401K, the effect on home mortgages because interest rates would have gone up.”

Secondly, Klobuchar said, they have to do some actual debt reduction.

“About $900 billion will be reduced on the debt from various cuts, pretty much across the board,” Klobuchar said. “By the end of Thanksgiving a bi-partisan committee has to come up with some suggested cuts.”

NewsRadio 830 WCCO’s Dave Lee Reports

Klobuchar said there has to be an up or down vote on their suggestions. If not — there will be consequences.

“If they don’t get a vote to reduce based on their suggestions, then automatically $1.5 trillion in additional money is going to be reduced. That will be 50 percent domestic spending and 50 percent military spending, excluding veterans,” she said.

Because Minnesota residents had to endure the state government shutdown, Klobuchar said many people were focused on that and not the national debt crisis.

“It was only in the last week that people realized what a serious matter this was to let this debt ceiling lapse,” Klobuchar said. “It would add another one to two trillion to our debt.”

According to Klobuchar, the deal isn’t something she would have written, but she will vote yes because it’s something that has to be done.

  • Mark from MN Tax Waste

    What she is saying is I will vote YES to raise your TAXES!

    • yep

      Hopefully on the rich.

      • Undercover

        Hopefully on the 50% of workforce that pay NOTHING in income tax will start paying their “FAIR SHARE”.

        • David J. Conklin

          The bottom half paid over $2 trillion in taxes and they make less than $16k a year. Care to try living on that and then have some yahoo claim that they aren’t paying their fair share?

          • dan

            So people making less than 16,000 per year pay $2 Trillion dollars in taxes? Please source this amazing fact!

            • thr crux of the buscuit

              It’s called ‘sales tax’ dan. Everyone pays it, even you do.

              • StraycatStrut

                Sales Tax is a State tax……… not Federal (yet). 50% of the general population pay zero, get addl refunds (EIC) or pay little Income Tax in this nation currently. This is a known fact.

                • chad schaar

                  ~50% of the population may indeed pay little or no income taxes, however the amount one pays in income taxes is, & should be, contigent on their ability to pay; which utlimately comes down to the means they have. Those w/ larger % of disposable income are thus able to & should pay in real figures more, even though if as a % of their income it’s not as much.

                  Asking those in who live on food stamps as their only source of income (~6 million), those who’re the working illegally & skirt the income taxes altogether as they’re paid in cash, those who are the working poor <$16,000 annually, generally speaking don't have the means to pay income taxes, they're barely holding on as it is. Asking them to pay, would be like offering a meal to a homeless person, but then asking them to pay for it.

                • Lucifer

                  Never argue with a moron Dan.

              • dan

                So crux, forgive my math, but here is what I have come up with. If we assume a 7% sales tax rate and the people earning under $16,000 spend 50% of their income on taxable items here is what I come up with:
                It would take just over 3.5 Billion people to pay that kind of tax. So are you saying in a land of 300 million people in the US 3.5 Billion of those people make less than $16,000 per year. I hope you are seeing the humor here. Your numbers dont add up

                • dan


                  I dont care if you triple the sales tax it doesnt add up. My 50% was way over as housing, food and clothing are not taxed. We dont have 3.5 Billion people to tax. The reason I used those that make under $16,000 was from Crux claiming those under that amount pay $2 Trillion in sales tax.
                  Wow, you couldnt see that in my first comments on this? Talk about wearing the Democrat blinders!

                • chad


                  I won’t state the bottom 1/2 pays 2 Trillion in taxes, as honestly I don’t know the figures, but to suggest they pay nothinig isnt’ correct either. Depending on where one lives, housing, food, clothing, & other goods/services are taxed & at different rates. There are taxes associated with housing (property taxes) , taxes on transaction, though typically those in poverty don’t own homes & thus don’t pay said tax. It doesn’t matter if there aren’t 3.6 Billion people to tax, as you likely know many people are in the ‘bottom 1/2’ of the income index, still pay taxes, & making just over $16,000 annually. A family of 4 making $49,000 is considred in the bottm 1/2 of the income index, certainly they pay taxes.


                  David is wrong in that ‘bottom half paid over $2 trillion in taxes and they make less than $16k a year’, when clearly wage earners exist above 16K, yet are still in the bottom 1/2 of the index. I think what he meant to state is that the bottom 1/2 pays that amount, & 16K is generally the poverty line, where they pay nothing in income taxes.

                • dan

                  In other words David J Conklin is clueless when it comes to facts.

                • chad


                  your numbers dont’ add up. 1, state taxes rates vary, it’s not 7% nationally, some states are around 10%, & have quite large populations (CA). 2, David mentioned the bottom 1/2 (%50), not explicitly only those at or below $16,000 annually, so you’re neglecting to mention all those who’re just above $16,000 & yet still considered in the bottom 1/2 of the income index.

                  Another tidbit is that those w/ high levels of wealth typically have capital gains taxes (a form of income tax) that they only pay 15% on. Nothing fair about that.

        • moneymaker

          Doubt it Undercover. They keep having kids to get the EITC. My niece works part time and gets a federal return of $3500 for one child.

          • chad

            $1,000 is what they get. One cannot ignore that costs of supporting a child, these days they figure from birth to highschool graduation a family can expect to pay ~200,000 in total costs, in everything from clothes, education, healthcare & so on.

            IRS Tax Tip 2011-29, February 10, 2011

            The Child Tax Credit is an important tax credit that may be worth as much as $1,000 per qualifying child depending upon your income. Here are 10 important facts from the IRS about this credit and how it may benefit your family.

            Amount – With the Child Tax Credit, you may be able to reduce your federal income tax by up to $1,000 for each qualifying child under the age of 17.

            • Matt

              He is a Republican he doesn’t know a real fact from a hole in the ground.

              However I do believe there should be a cap on the Child Tax Credit of like $4000 or at least have it scale down after the 4th child.

        • MARK

          That 50% figure includes children and retired people who don’t work. It’s an intentionally misleading statistic and doesn’t help your argument. What’s a “FAIR SHARE” for a child who doesn’t have a job?

    • ajb

      When you are telling us about tax hikes you fail to mention when the clinton and bush administrations cut taxes. If we are objective adults we will recognize that times have changed and that we need to repeal these tax cuts so we can get back on track! You could liken this situation to a household that has gotten a great new job but then in 3 years later you get laid off or have to take a pay cut… something has to give!

    • lefty

      you and the rest of your moronic idiots who do not want to pay or be taxed please do all the rest of the country a big favor move out or shut your stupid pie holes up

      • GN

        You must me a government employee, a farmer perhaps, or some self centered union pony.

      • dan

        Thise that are actually paying taxes are tired of carrying your load as well!

    • ztank

      I enjoy the benefits of living in the greatest country in the world. I went to good public schools, got Pell Grants to attent college, enjoy protection by police and firemen, have good roads to drive on, etc. etc. I, for one, am willing to pay my fair share for those things.

      You whiners who complain about minor changes to tax rates to make things more fair for everyone…you make me sick. If you dont like it then gtfo.

      • Carl


        No one would disagree with you on what we are willing to pay for. Its the items they hide from us and are embarrassed that gets everyones blood boiling.

        • Matt

          I would have to agree. I find it annoying that republicans only want to cut things we see. I think they need to focus on things that happen in the background. Notice how they want to cut Social Security and Medicare but do not say anything about the Federal government pension.

          • jordanj

            Or their wages, or their perks such as Pelosi’s jet, Weiner’s take home after leaving, Cadillac health care and on and on. To me, this is too much and should be first on the cutting block.

    • r

      Amy will do what she is told to do and how to vote she has been dipping into the kool-aid that her party has been handing out!

  • Douglas Peterson

    The other thing is, the $ 2.6 trillion debt cuts are over the next 10 years and the @2.6 trillion debt ceiling increase adds to the deficit right now!!!!!!

    • David J. Conklin

      How much of the increase is due to inflation?

    • ztank

      Maybe you dont understand the basic concept of spending. You see…the MONEY IS SPENT. This vote doesnt add a dime to the deficit…it merely gives authorization to the government to pay our debts.

      If you’re going to complain…at least know what you’re taling about.

      • Citizen

        @ztank. Yes the money is spent and Congress AUTHORIZED the spending and then put on this disgusting show of not wanting to pay the bills it authorized. I don’t think either the Senate or House should okay this back door deal. The debt ceiling is unconstitutional anyway and the 14th Amendment should be invoked.

        • Betty

          Our gutless leader will do no such thing. Invoking the 14th amendment takes courage. He is in over his head and is showing his weakness everyday. I voted for Obama, but never again. He ran on change, but can only talk about it. he has sold out this country to the Republicans who are obviously driving the ship.

          • soapboxgod

            If you think Republicans are “driving the ship” I dare say you’ve got a lot of homework to do.

            Try bankers.

      • lefty

        i am amazed to see that at least one other person has the basics to understand this thanks ztank for showing that there is another person who gets it. now how to we get the rest of these idiot to understand.

  • TIm

    Where’s all the jobs Klobuchar? More than 2 1/2 years already. Currently you earn the checks but lots of MN people have lost their job for over 2 years and still. SIC!

    • the crux of the buscuit

      The obscenely rich had their taxes cut starting under raygun. Where are all of those jobs?

      • Carl

        You really dont want to see the numbers of how many jobs have been created since 1980 do you? May want to tone it back a bit when you dont know the facts.

  • dean

    Nobody has put a name to any of the items that will icludeded in the $900 billion. The “vaious cuts” you refer to are never going to happen.

  • Steph

    Of course she’ll vote yes. Sadly, I don’t think that’s the correct vote……..and it is way too soon to take a vote on this. This Bill should be looked at with a fine tooth comb, and not voted on until it is. There are always loopholes in these Bills.

    This doesn’t fix the problem, not even close.

    • ztank

      Do you think that maybe, just maybe, the plan is to make this compromise bill so late in the game so that people wont be able to read through it without dire consequences to defaulting on our debt?

      • soso

        You mean just like Obamacare?

      • steph

        What do you think? I think it was a plan, yeah……….a plan to scare people into believing this is saving us from defaulting. Maybe, just maybe they could look at what really could be eliminated was the waste that is spent in Washington.

        This is a big deal, and should be treated as such…….every plan so far has went down to the wire, and rammed through………..only later to find out details. Now, does that really make sense to you?

  • StraycatStrut

    With all this debate on Comments….. Thank God we have Al Franken in office to represent us. I heard him say yesterday that the President was at a disadvantage….? What? Al Al Al…… have another reefer!.

  • soapboxgod

    “Emergencies have always been the pretext on which the safeguards of individual liberty have been eroded.” F.A. Hayek

    This whole idiotic debate about raising the debt ceiling or not raising the debt ceiling completely ignores a very fundamental point which is this:

    America will never, ever, ever, ever, EVER get it’s debt under control by merely tinkering with its fiscal policy.

    It must at once address and deal with its failed monetary policy which, by definition, is predicated on debt.

  • Carl Popham

    Dave Lee, a so called reporter for WCCO, was lavishly praising George W. Bush as a saint during the elections on His morning radio show. Times have shown what a short sighted person Dave Lee is.The Bush administration put this country into economic misery by causing this massive, multi trillion dollar national debt crisis, and allowed Wallstreet to overextend itself, causing the banks to fail. If I were the management at ‘CCO, I would recommend they tell Lee to find a network with more conservative listeners.

    • Carl

      Your comments only expose how short minded you are and simplistic. Good Luck in life

      • O-done-a

        Reagan—deregulation of the banks. Remember the Savings and Loan debacle?
        Bush I- Tax breaks for Wall Street. Suddenly, if you held a ton of company stock you could sell it tax free. Paulson (Bernanke’s predecessor) did just that with a total savings of 50 million when he took office and had to dump the stock.
        Clinton—further deregulation, added derivatives (simple terms ‘gambling”) which led to the tech bubble and collapse
        Bush II—the real humdinger! Added credit swaps and further deregulated. Now, anyone could get a loan—from a bank that didn’t care cuz they weren’t gonna hold that loan for long—repackaged into “investment instruments”. Buyers liked the sub-prime packages cuz they paid at a higher interest rate! Delicious.
        Obama—knew it all, did nothing! Allows it to continue with his Wall Street hack Timmy. The great Bernanke—hahahaha. Knew all the time and made some big jing.

      • StraycatStrut

        Yes….Bush went along with the Democrats in the last few years…. and was not BO a Senator in leadership then to? We must have all forgotten that….but one branch of the Government is also in check by the other 2 branches. Remember also….. for the past 2 years… Democrats had all 3 branchs and FAILED the US Citizen by not passing a budget at all. Spending our money out of control. Shame on them. I think we all forget…… for the simple sake in name calling.

  • shirley

    Thank you AMY!

  • Cache

    Kookie Klobuchump is an idiot who has never had an original thought in her thick skull. She and Fruitloop Franken, who both are in the back pocket of the WH, vote for every progressive “spending spree” O’vomit and the dummyRats stick us with. 2012 ….soooooooooooon and we can hopefully get rid of this empty headed loser!

  • gail

    All I can say is; Bye Bye Amy in 2012. But then I never voted for you in the first place.

  • O-done-a

    I love a flat tax. I’m not gonna sit here and try to convince everyone it’s the right thing to do. But we need to let the Bush tax cuts expire people—those taxes benefited the top 1% and Wall Street. I would like it immediately repealed but this will not happen with our gutless leaders. This deal here,that no one wants to sign, still doesn’t provide the solution for our impending downgrade. Let me just say something about this downgrade. It’s gonna be the biggest sham that has ever hit the American people—in our history. S&P knew full well of the financial crisis the entire time it was playing out and just kept doling out triple A ranks on everything from our government to credit swap “instruments.” All S&P is—put it this way—just like an appraiser working for a predatory bank– “rate”(appraise) that house above it’s numbers so we can shaft the homebuyer/re-financer. That’s what S&P is, it’s an opinion. They’re gonna downgrade us. Ha! Says who? Who’s behind this? Think about it!

  • kman

    Good for Her they can start by cutting Aid to countrys that have been caught aiding the Likes of Bin Laden we only give Paskistan 1.5 Billion a year

    • O-done-a

      you’d have to go after a whole bunch of countries. The Swiss–yep, the Swiss–laundered up the Iranians real nice so they could fund their nuclear program. No lie.

  • Ordinary Guy

    What goes out, doesn’t come in. We, both rich and poor, spend our disposible cash on products (look at what you’ve bought) that determine how our fortunes will rise or fall. It’s what we buy; the govenment buys things with a lot of our money, true. But it’s mostly spent in the U.S.,right? Those goods and services went and paid income, property taxes, and so on, but the imported ones that you and businesses bought over the internet or out of shipping containers paid none. None except local sales tax. How does a U.S. producer compete with that? Who’s to blame? You can’t be the only fool to pay more. It’s just that the rules didn’t change to match the changed business scene. Change that.

  • Big Smart Jerk

    Good old Klobby.
    P.S. Take another look at this hilarious comment by “kman”:

    Good for Her they can start by cutting Aid to countrys that have been caught aiding the Likes of Bin Laden we only give Paskistan 1.5 Billion a year

    Kman, please remove your hands from the keyboard and back away slowly…

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