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US budget bill: The futility of the Tea Party’s ‘fiscal tantrums’

WASHINGTON | By Pablo Pardo | To lose faith in mankind, there is nothing better than following the debt ceiling and government shutdown debate in the United States. Just one example: a big chunk of the whole discussion has been a medical device tax that, once implemented, would generate in revenue the equivalent of 0.015 percent of the US GDP–or, approximately, 3 percent of the federal deficit.