Look, the, the - this country has not lived within its means for a very long time, and, and the truth is we're going to have to take our medicine.

Summary

This quote suggests that the country has been consistently spending more than it can afford for an extended period. The speaker implies that there is a need for the country to face the consequences of their excessive spending and make necessary sacrifices to rectify the situation. "Taking our medicine" implies accepting and enduring the difficult measures that may be required to restore the economy and live within the country's means.

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