Debbie Schultz actually said...

"You know more than most that we are operating in a time of great uncertainty with the prospect of sequestration the day after tomorrow."

"Thank you, Mr. Chairman. I only have one question, because I think Dr."

"And what is your view on the impact on the recovery if you take a purely cuts-only approach versus a more balanced mix of spending cuts and revenue?"

"We are just costing ourselves more money down the road by deciding not to spend resources on these problems now."