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“increased spending during emergencies. And I would say by…” — Cato Audio at 7:06

“increased spending during emergencies. And I would say by way more foreign excess of what's actually helpful. And then we end up with a higher spending baseline going forward. And that's where we need to cut back from now. So one of the things I said, very simply, just return to pre-pandemic spending. Like, let's go…”

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