Henry Waxman actually said...

long term penny wise, pound foolish, because we are having to substitute far more expensive drugs.

The idea that across the board, blind cuts could be used as a vehicle to reduce spending is foolhardy and dangerous.

These cuts seriously hurt our economy, debilitate programs Americans rely on, and put our public safety at risk.

I recognized that sequestration would have real world effects, which is why I voted against the set of indiscriminate federal budget cuts.