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Senate Proceeding on Mar 30th, 2011 :: 0:20:30 to 0:51:05
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Jeff Sessions

0:20:28 to 0:20:48( Edit History Discussion )

Jeff Sessions: together and do what we know is madam president, i yield the floor. the presiding officer: under leadership time is reserved. under the previous order, the senate will be in a period of morning business for one hour with senators permitted to speak therein for up to ten minutes each, with the time equally divided and controlled between the two leaders or their designees, with the republicans

Jeff Sessions

0:20:30 to 0:51:05( Edit History Discussion )
Speech By: Jeff Sessions

Jeff Sessions

0:20:49 to 0:21:11( Edit History Discussion )

Jeff Sessions: controlling the first half and the majority controlling the final half. a senator: madam president? the presiding officer: the senator from alabama. mr. sessions: madam president, i'd like to share some thoughts this morning and to report to our colleagues on the congressional budget office analysis of the president's

Jeff Sessions

0:21:12 to 0:21:33( Edit History Discussion )

Jeff Sessions: budget that he has submitted to us and ask that we adopt. the budget has been roundly criticized as in no way getting us off the unsustainable path we are on. it's allowing the country to continue to head toward a financial abyss.

Jeff Sessions

0:21:34 to 0:21:54( Edit History Discussion )

Jeff Sessions: expert after expert, witness after witness before the budget committee, of which i'm ranking republican member, has testified to the danger we face and the need for us to take action. the congressional budget office,

Jeff Sessions

0:21:55 to 0:22:15( Edit History Discussion )

Jeff Sessions: in sum, concludes that the very, very insufficient reforms contained in the president's budget are more insufficient than the president has said when properly analyzed. and it's a very firm and severe rebuke to the president and his

Jeff Sessions

0:22:16 to 0:22:37( Edit History Discussion )

Jeff Sessions: team of analysts who presented it to us. it's not good. i believe it's probably the most erroneous budget ever submitted to congress. and changing the numbers by $2.3 trillion in

Jeff Sessions

0:22:38 to 0:22:58( Edit History Discussion )

Jeff Sessions: in other words, the congressional budget office says that the budget submitted by the president which was supposed to add to the debt some $13 trillion or so is actually going to add $2 trillion more to the debt over ten years, more than

Jeff Sessions

0:22:59 to 0:23:19( Edit History Discussion )

Jeff Sessions: doubling the national debt. so, this is a very serious matter. and the budget presentation to the congress continues a policy by this administration to minimize the danger of the debt crisis we face.

Jeff Sessions

0:23:20 to 0:23:42( Edit History Discussion )

Jeff Sessions: it's been a sophisticated long-term continuous effort to not only say that cuts are severe, extreme as the talking points are, but that indeed this president has things under control and the debt crisis is not real, and we don't have to

Jeff Sessions

0:23:43 to 0:24:03( Edit History Discussion )

Jeff Sessions: take firm action. and the president does not look the people in the eye and explain the true situation that we're facing. indeed, this is the rhetoric that they've used. the president has used this language. jack lu, his director of the office of management and budget, has used this

Jeff Sessions

0:24:04 to 0:24:29( Edit History Discussion )

Jeff Sessions: they claim that the budget they submitted calls on us to -- quote -- "live within our means." his budget causes us to live within our means. they also have used this phrase more than once: it only spends money that we have each year. close quote.

Jeff Sessions

0:24:31 to 0:24:53( Edit History Discussion )

Jeff Sessions: budget does not add debt. close quote. when asked at a press conference about it, the press secretary to the white house said -- he was asked do you stand by these statements? what did he say? absolutely. and when budget director lu came before the budget committee and i asked him about it, he stands by these statements.

Jeff Sessions

0:24:54 to 0:25:15( Edit History Discussion )

Jeff Sessions: he didn't acknowledge that they are in any way in error. but if we're going to have reform in america if we're going to do something about the debt crisis this nation faces, we've got to be honest with one another. we've got to deal honestly with the grave challenges we face.

Jeff Sessions

0:25:16 to 0:25:36( Edit History Discussion )

Jeff Sessions: we can't be in denial. we can't continue to say we're living within our means and that we're not going to add more to our debt. why do i say that? well, the president's own budget said that the deficits would surge, continue to be out there every single year with the

Jeff Sessions

0:25:37 to 0:25:57( Edit History Discussion )

Jeff Sessions: lowest single deficit in ten years, according to his budget, to be $600 billion and going up in the out years to almost $800 billion. what does c.b.o. say about all of this? this is what they have told us after they have analyzed the president's budget. and that's what happens.

Jeff Sessions

0:25:58 to 0:26:22( Edit History Discussion )

Jeff Sessions: the president submits a budget to the congress. we have our own congressional budget office. and every year they analyze what the president proposals, and they give a report on it and say what it means if adopted, how it would impact our economy, how it would impact our debt, how it would impact financing of our government.

Jeff Sessions

0:26:23 to 0:26:44( Edit History Discussion )

Jeff Sessions: so what does c.b.o. say? it says that the president's debt-doubling budget adds more to the debt than the president claimed. the score reveals that the president's budget never once produces a deficit of less than

Jeff Sessions

0:26:45 to 0:27:07( Edit History Discussion )

Jeff Sessions: $748 billion and climbs to a deficit in the tenth year of $1.2 trillion, $1,200,000,000,000. c.b.o. says no. c.b.o. director and team for the

Jeff Sessions

0:27:08 to 0:27:30( Edit History Discussion )

Jeff Sessions: most part is in place where the democrats control both houses of congress. they are a nonpartisan group that try to give honest numbers and do honest work, but they certainly not a republican organization. they say that the actual number was not going to be a $600 billion low annual deficit, but

Jeff Sessions

0:27:31 to 0:27:53( Edit History Discussion )

Jeff Sessions: the lowest deficit would be $748 billion, increasing to $1.2 trillion. see, this is why the experts say we're on an unsustainable path. we cannot continue. how much is $1.2 trillion? well, president bush's highest deficit he ever had was $450

Jeff Sessions

0:27:54 to 0:28:16( Edit History Discussion )

Jeff Sessions: billion, i believe, give or take. way too high. he was roundly criticized for that. but this is three times that in the tenth year. and this year we're going to have a $1.6 trillion, $1.5 trillion deficit this fiscal

Jeff Sessions

0:28:17 to 0:28:37( Edit History Discussion )

Jeff Sessions: year, the third consecutive trillion-dollar deficit. these are the likes which the nation has never seen before and cannot sustain. it puts us on a path to go financial instability and danger, as a path we must get off of. we can do so, but it's going to take some will. we're going to have to do some of the same things that our cities and counties are doing

Jeff Sessions

0:28:38 to 0:28:58( Edit History Discussion )

Jeff Sessions: around america today. also the c.b.o. said that using gimmicks, the president's budget conceals a total of $2.3 trillion in deficit spending and $1.7 trillion in increases of gross debt for the country

Jeff Sessions

0:28:59 to 0:29:23( Edit History Discussion )

Jeff Sessions: , and very, very importantly, the debt, the g.d.p., the comparison of our total debt to the total gross domestic product of america reaches 116% in the tenth year. so let's talk about that. why is that important?

Jeff Sessions

0:29:24 to 0:29:45( Edit History Discussion )

Jeff Sessions: professors rogoff and rhine hard hard -- reinhart who testified before our committee wrote a well-regarded book. their book, the title of which is "this time is different" says that from a study of sovereign nations all over the world, when their debt reaches 100% of g.d.p., the economy is pulled down.

Jeff Sessions

0:29:46 to 0:30:10( Edit History Discussion )

Jeff Sessions: it has a depressing effect on the economy. and when the economy will grow on average about 1% less than it would have grown otherwise, which is very huge when you're talking about economic growth of 2%, 3%, 4%, to have a 1% reduction is a major drain on

Jeff Sessions

0:30:11 to 0:30:32( Edit History Discussion )

Jeff Sessions: our economic growth, and growth and actually tax revenue to fund our government and get us out of the debt we're in. you can't borrow your way out of debt. the deeper you get into debt, the more it pulls down the vitality and growth potential of your we have got to get off this path.

Jeff Sessions

0:30:33 to 0:30:53( Edit History Discussion )

Jeff Sessions: and c.b.o. says in the tenth year, we'll be $116 billion. senator conrad, the democrat chairman of the budget committee, is very worried about this number. he had a chart about it at a hearing recently. he showed that this year, for the first time, this year we

Jeff Sessions

0:30:54 to 0:31:16( Edit History Discussion )

Jeff Sessions: will go over 100% of g.d.p. in national debt. it's about 95% now, and we'll go over 100% and we'll stay over it under the president's budget. but the experts are telling us this is unsustainable. something bad will happen to us. in addition, when secretary of

Jeff Sessions

0:31:17 to 0:31:38( Edit History Discussion )

Jeff Sessions: treasury geithner appeared before our committee, he acknowledged the rogoff and reinhart analysis, he acknowledged that this high level of debt will weaken the growth in our economy, and he added this -- "this level of debt creates a greater potential for an economic kickback, an

Jeff Sessions

0:31:39 to 0:32:00( Edit History Discussion )

Jeff Sessions: economic catastrophe, another recession could occur as a result of these high debts." c.b.o. analysis reveals a number of other things that are disturbing because they are so plainly false, so plainly gimmicky and so plainly designed

Jeff Sessions

0:32:01 to 0:32:23( Edit History Discussion )

Jeff Sessions: to mislead the american people about the true nature of this budget that it again raises credibility questions about the white house and how they are explaining to the american people the situation that we're in. they seem to be denying that we're in a crisis. for example, this budget

Jeff Sessions

0:32:24 to 0:32:44( Edit History Discussion )

Jeff Sessions: submitted by the white house assumes, assumes that there will be $315 billion for what we have referred to as the doc-fix in the final eight years of this ten-year budget. but there is no source of income for that. they don't propose a tax increase. they don't propose any income

Jeff Sessions

0:32:45 to 0:33:05( Edit History Discussion )

Jeff Sessions: that would be there, and the c.b.o. says no, you can't just assume money is going to appear when there is no source for this money. this does -- is not a paid-for doc-fix. it's not paid for. in fact, what it is is a manipulation of the numbers to

Jeff Sessions

0:33:06 to 0:33:26( Edit History Discussion )

Jeff Sessions: try to hide the fact that there is no money available to pay the doctors the kind of income that they need to continue to do medicare payments. it's a real sore spot. if we don't do something,

Jeff Sessions

0:33:27 to 0:33:48( Edit History Discussion )

Jeff Sessions: physicians will have their pay cut 20%-plus for treating medicare patients. that's not a healthy thing. it cannot be sustained. physicians will not work with another 20% cut. they get paid less from medicare than any other source of work they do unless it's the federal medicare program -- medicaid

Jeff Sessions

0:33:49 to 0:34:09( Edit History Discussion )

Jeff Sessions: program, and so that's not good. it's just made up, and c.b.o. caught them in it and said no. you can't score income when you show no source of that income. and what about the transportation? there is a major increase

Jeff Sessions

0:34:10 to 0:34:30( Edit History Discussion )

Jeff Sessions: proposed for spending in transportation next year, and their budget just assumes that there will be a $328 billion income surge for transportation called a transportation tax. but it won't be a gas tax, we're told. i've referred to it as the not

Jeff Sessions

0:34:31 to 0:34:52( Edit History Discussion )

Jeff Sessions: gas tax tax because all we know about this tax is they say it won't be a gas tax. but they are talking about a a $328 billion tax increase of some kind, but no proposal where it would be -- how it would be imposed, whether congress would ever vote for it or not. and they are not likely to vote

Jeff Sessions

0:34:53 to 0:35:18( Edit History Discussion )

Jeff Sessions: for it, i so c.b.o. says that's phantom money. you can't assume that you're going to have this money. you're not going to have it. you'll have to have a better plan than that because otherwise your -- your budget is just smoke and mirrors on that subject. well, remember, when we borrow

Jeff Sessions

0:35:20 to 0:35:41( Edit History Discussion )

Jeff Sessions: money from the american people for -- to spend money we don't have, we borrow it from the american people, we borrow it from foreign countries, we borrow it around the world, interest is paid on that money that we borrow, and the interest that we paid last year was was $200 billion in one year. well, as the debt goes up and

Jeff Sessions

0:35:42 to 0:36:03( Edit History Discussion )

Jeff Sessions: increases, interest rates are very low now, they're going to increase some. according to c.b.o.'s analysis, with the debt more than doubling in the next ten years under the budget the president has submitted to us, the annual interest -- please, colleagues, hear this -- the annual interest in the tenth year of the

Jeff Sessions

0:36:04 to 0:36:24( Edit History Discussion )

Jeff Sessions: president's budget is over over $900 billion. that's about 1/4 of the entire government -- what the entire government spends today. we spend about $3.8 trillion. this is almost $1 trillion in interest in one year. and frankly, i think c.b.o.'s estimate of what the interest

Jeff Sessions

0:36:25 to 0:36:46( Edit History Discussion )

Jeff Sessions: rates are going to be on our debt are probably low. it could be well higher than that. it's this kind of debt where your debt is over 100% of g.d.p. that puts you in a position where you could have a debt crisis kicking us back into another recession as witness after witness has warned us.

Jeff Sessions

0:36:47 to 0:37:09( Edit History Discussion )

Jeff Sessions: so i would say that what we have got to have from the president really and from our democratic leadership here in the senate is an honest evaluation of where we are. the president needs to look the american people in the eye and say we are not on a course that we can sustain. federal reserve chairman

Jeff Sessions

0:37:10 to 0:37:32( Edit History Discussion )

Jeff Sessions: bernanke told us in january, we are on an unsustainable path. we have to get off of it. we said these numbers that project out here for ten years, the doubling of the debt, mr. bernanke said we're not going to get there because we'll have a debt crisis before we get there, and there will be much,

Jeff Sessions

0:37:33 to 0:37:53( Edit History Discussion )

Jeff Sessions: much harder time in getting our finances in order than if we act today to get them in order. he said we won't get there with these projections. they are too severe damaging to our economy. so, madam president, i don't know what's the time left on

Jeff Sessions

0:37:54 to 0:38:15( Edit History Discussion )

Jeff Sessions: this side? the presiding officer: the republican side has 13 minutes. mr. sessions: if some of my colleagues appear, i would be glad to yield the floor, but i would share a few more thoughts. the president's budget does some other gimmicky things.

Jeff Sessions

0:38:16 to 0:38:37( Edit History Discussion )

Jeff Sessions: he claims that he has a five-year freeze on nondefense discretionary spending. he told the american people that in the state of the union address. we have looked at those numbers, and it appears pretty clearly that there is a 5% increase in

Jeff Sessions

0:38:38 to 0:38:59( Edit History Discussion )

Jeff Sessions: the discretionary spending next year. how do they accomplish that? well, they reclassify all discretionary transportation funding as mandatory spending and say it's not discretionary. they just declare spending, no longer discretionary, and they say they

Jeff Sessions

0:39:00 to 0:39:20( Edit History Discussion )

Jeff Sessions: have reduced discretionary spending by $7 billion. now, what kind of hokum is that? this is not worthy of the president of the united states and the office of management and budget to come in here a gimmick like that. just redefine discretionary spending and say it's there and say well, i -- i have a

Jeff Sessions

0:39:21 to 0:39:42( Edit History Discussion )

Jeff Sessions: in discretionary spending. what else do they do? they hide another $9 billion in a reverse of that, in one-time mandatory savings. actually, they use it in a discretionary account, but they don't count it as increased spending.

Jeff Sessions

0:39:43 to 0:40:03( Edit History Discussion )

Jeff Sessions: that's $9 billion. and the president's proposed spending levels for next year will be even further out of whack as the freeze because this congress is going to reduce the spending this year, hopefully by the full $61 billion that the

Jeff Sessions

0:40:04 to 0:40:25( Edit History Discussion )

Jeff Sessions: house has asked that we reduce. well, you say mr. sessions, this is all just partisan bickering, but it's not partisan bickering. we have bipartisan recognition in this senate from senator after senator, democrats as well as republicans, who understand that we were on an unsustainable course, and they know that we need to get off of this course,

Jeff Sessions

0:40:26 to 0:40:46( Edit History Discussion )

Jeff Sessions: but i have to be critical about the president because he's not telling the american people the severity of the challenge we have, he's not proposing a plan that will actually fix it, but actually he is proposing a plan that will make it worse. and this is a crisis. we have got to confront this problem. the president is going to have

Jeff Sessions

0:40:47 to 0:41:08( Edit History Discussion )

Jeff Sessions: to move from denial to reality to the real world and help us develop a plan that contains spending in america just like it's happening all over this country. governor cuomo is talking substantial reductions in spending in new york, governor christie in new jersey, governor brown in california.

Jeff Sessions

0:41:09 to 0:41:29( Edit History Discussion )

Jeff Sessions: i just saw my friend, john mcmillan, the head of agriculture and industries in the state of alabama has 200 employees, said that they are going to have to reduce 60. that's almost a third of the employees of his department. do you think the department of agriculture and the industries of alabama will cease to exist? i don't think so.

Jeff Sessions

0:41:30 to 0:41:52( Edit History Discussion )

Jeff Sessions: i bet mr. mcmillan will figure out some way to perform most of the duties in his office, but he doesn't have the money. and when you don't have the money, you have to make tough decisions. and the american people understand this. when they don't have money, they don't spend, and if they spend when they don't have money, they know they are taking a risk, and

Jeff Sessions

0:41:53 to 0:42:13( Edit History Discussion )

Jeff Sessions: they know it can't continue long. but this congress does not get it. we're in a denial mode. we think we can just continue to spend forever, and we have got the majority leader in the senate whining about losing

Jeff Sessions

0:42:14 to 0:42:35( Edit History Discussion )

Jeff Sessions: money for a cowboy poetry festival in nevada. give me a break. when you don't have money, you have to make decisions. that's just the plain fact. and what about next year's budget? the president proposes.

Jeff Sessions

0:42:36 to 0:42:57( Edit History Discussion )

Jeff Sessions: the education budget next year is proposed to get an 11% increase. over the past year -- past two years which have had surging increases. indeed, most americans probably don't know that in this time of

Jeff Sessions

0:42:58 to 0:43:19( Edit History Discussion )

Jeff Sessions: record deficits, over over $1 trillion deficits the last three years, that the discretionary accounts, nondefense discretionary spending increased 24%. increased 24%. now i'm talking about what about next year? they want another 11% for

Jeff Sessions

0:43:20 to 0:43:40( Edit History Discussion )

Jeff Sessions: education, another 9.5% for the energy department, another huge increase for transportation. base, i believe, is over 10%, but with the new tax revenue that they are projecting that might occur out of nowhere, 60%

Jeff Sessions

0:43:41 to 0:44:02( Edit History Discussion )

Jeff Sessions: is -- as i recall. the state department is demanding and expecting to get under the president's request over 10% increase in spending. inflation is 2% or less. how can we do this? the american people know this is not realistic.

Jeff Sessions

0:44:03 to 0:44:25( Edit History Discussion )

Jeff Sessions: they know it's dangerous, and they want us to do something about it. frankly, i think that had something to do with the elections last fall. i think the american people were trying to send the message to a blind congress that they expected us to do better on spending.

Jeff Sessions

0:44:26 to 0:44:49( Edit History Discussion )

Jeff Sessions: but are we getting the message? we're proposing next year huge increases in spending, five times the rate of the inflation rate in america and claim that's somehow frugal and living within our means. and when the lowest single deficit over the next ten years is projected to be $740

Jeff Sessions

0:44:50 to 0:45:14( Edit History Discussion )

Jeff Sessions: billion-plus, that's unacceptable. we've got to be careful about what we say about our economy. we have got to keep our economy moving forward. it's struggling. it's moving. we're having some good growth. we want to see that growth continue and expand.

Jeff Sessions

0:45:15 to 0:45:35( Edit History Discussion )

Jeff Sessions: the job situation is not good. we need to be having at least 150,000 to 200,000 new jobs a month to stay level. that's about where we've been, $150,000 to -- 150,000 to

Jeff Sessions

0:45:36 to 0:45:56( Edit History Discussion )

Jeff Sessions: 200,000 jobs. we need more job growth than that. it's better than none, i acknowledge that. but it's not as strong as it needs to be. one reason we're not having growth, professors row tkpwog and -- professor rogoff and reinhart told us is the debt is

Jeff Sessions

0:45:57 to 0:46:17( Edit History Discussion )

Jeff Sessions: putting a cloud over our economy. the whole world is watching the united states. are we going to go off the cliff or will this congress rise up and put us on the path to sound fiscal policy that creates confidence in our financial situation, creates investment, growth in jobs?

Jeff Sessions

0:46:18 to 0:46:38( Edit History Discussion )

Jeff Sessions: that's the road we need to be on. it will be a tougher road. we'll have to make some hard decisions about spending, what programs are going to get money, what's not. maybe all of them will have to take some sofrt haircut. but -- some sort of haircut. but we can do that and get the country on the right track.

Jeff Sessions

0:46:39 to 0:47:02( Edit History Discussion )

Jeff Sessions: america's not going to fall into the ocean if we make some reductions in spending. i would just point out that it's difficult to do that when you're in a political world, according to "the new york times," where anybody that proposes to reduce spending is called an extremist.

Jeff Sessions

0:47:03 to 0:47:23( Edit History Discussion )

Jeff Sessions: senator schumer started that -- i quote a phone call -- saying we should use the word "extremist." cut $61 billion out of $381,000,000,000.

Jeff Sessions

0:47:24 to 0:47:44( Edit History Discussion )

Jeff Sessions: a proposal we cut he reduce spending out of the resolution by $61 billion out of a total of $381 billion the federal government spends. this is extreme we're told. and the government is going to sink into the ocean and we can't survive with these kind of reductions. so they had a meeting, and they all were right on message,

Jeff Sessions

0:47:45 to 0:48:06( Edit History Discussion )

Jeff Sessions: according to "the new york times." we're urging mr. boehner to abandon the extreme right wing, close quote, said ms. boxer, urging the house to compromise on the scale of spending cuts and to drop proposed amendments that would deny funding for planned parenthood.

Jeff Sessions

0:48:07 to 0:48:27( Edit History Discussion )

Jeff Sessions: another senator said, referring to the house republicans as right-wing extremists. he's a real nice stphorbgs didn't want -- he's a real nice senator, didn't want to be too hard so he called them right-wing extremist friends.

Jeff Sessions

0:48:28 to 0:48:49( Edit History Discussion )

Jeff Sessions: better than not calling them friends, i suppose. another senator decried mr. boehner giving in to the extremes of his party. close quote. another closed by speaking of the -- quote -- "relatively small extreme group of ideologues who wore an anchor dragging down the budget negotiation process."

Jeff Sessions

0:48:50 to 0:49:11( Edit History Discussion )

Jeff Sessions: give me a break. $61 billion, if we can't do that, what does the world think about us? did we really get a message from this election? did we really understand that we are challenged now, that this is our time in history to face up to the fact that we're on an unsustainable fiscal course that

Jeff Sessions

0:49:12 to 0:49:32( Edit History Discussion )

Jeff Sessions: will lead us, as mr. bernanke said, to economic disaster long before these projections come to a conclusion. we cannot continue on this course. we have to get off this course. we owe it to every working american not to put this country back into another recession. and the truth is we

Jeff Sessions

0:49:33 to 0:49:56( Edit History Discussion )

Jeff Sessions: reductions in spending, this government is not going to sink into the ocean. we're going to be -- continue to serve the american people. and if we do it, the right path, and this economy can continue to grow knowing that we've gotten our fiscal house in order. it's not that hard. i urge my colleagues to do so.

Jeff Sessions

0:49:57 to 0:50:17( Edit History Discussion )

Jeff Sessions: let's don't give up on the $61 billion total reduction in spending the house has asked us to meet. let's do it, and let's be proud of it. let's know then that we've done something that will amount to a real change in the debt trajectory we're on. i will just say we've calculated it.

Jeff Sessions

0:50:18 to 0:50:40( Edit History Discussion )

Jeff Sessions: my budget staff has looked at the numbers. $61 billion reduction in baseline spending which is what they're proposing. over ten years we'll save $860 billion. it will reduce the debt of america by almost $1 trillion.

Jeff Sessions

0:50:41 to 0:51:01( Edit History Discussion )

Jeff Sessions: and we need to do more of those kind of things in the months ahead. and if we do so, we can change the trajectory we're on. so i urge my colleagues, don't be here talking about splitting the baby and just seeing how little we can reduce spending. let's go on and accept the house number. let's embrace it.

Jeff Sessions

0:51:02 to 0:51:05( Edit History Discussion )

Jeff Sessions: let's make a decision to get our finances in order, just like

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