The fight rages on in Washington over a compromise deal that would end the government shutdown and raise the nation’s debt ceiling before Thursday’s “default deadline.” Appearing on CBS’s “This Morning,” South Carolina Congressman Mick Mulvaney says it is untrue that the fight is over the delaying or defunding of Obamacare. Mulvaney says he and other conservatives just want the same waivers associated with the implementation of the Affordable Care Act (known as “Obamacare”) that have been awarded to some business entities to apply to individual citizens as well.
“The president has given 1,100 special waivers to his friends. He gave waivers most recently to large corporations. All we’ve been asking for the last two and a half weeks is that those same exemptions apply to our families. We think that is a reasonable conversation to have.”
Under the law and rules issued by the administration, health plans must generally provide at least $750,000 in annual coverage for essential benefits like hospital care, doctors’ services and prescription drugs. The government may grant a one-year exemption from the requirement if it is shown by those who apply for a waiver that compliance would cause a significant increase in premiums or a significant decrease in access to benefits.
Although the global rating agency Fitch said Tuesday that the United States’ AAA credit rating is now under review for a downgrade in light of the threat of default, Mulvaney is among the so-called “default deniers’ that say President Obama is not being truthful to the American people and the country will not be in default.
“He has the authority under existing law to use the money that we take in every single day to pay interest payments. Why he hasn’t said that publicly I don’t know, the Treasury is telling the people in New York that, why aren’t they telling the public that?”
Many financial experts say if Congress does not raise the debt ceiling and allow the government to continue to pay its debts, there would be a number of defaults worldwide, and financial institutions would not know how to set some of their key interest rates.
Mulvaney says an 11th-hour deal is likely to be hammered out in the Democratic-controlled Senate. Mulvaney was asked about Texas Senator Ted Cruz’ role as a deal breaker. Cruz has been a staunch supporter for abolishing the healthcare law.
“If it has broad bipartisan support, my guess is Senator Cruz would object to it. If it is an outrageous capitulation by the Republicans, I can’t speak to Senator Cruz, I don’t know him that well.”
Mulvaney still has misgivings about a possible deal coming out of the Senate.
“I didn’t say I would support it, but it would probably pass the House. If the Senate is able to pass something on a bipartisan basis, my guess is that is that’s the end of the discussion.”