Chuck Schumer actually said...

would the rearrangement, if there is flexibility, affect economic growth in any real way

Estimates suggest that letting sequester take effect could reduce the GDP by as much as half a point over the remainder of the year.

One of my colleagues... described it like the metaphor of the frog who jumps into a pot and the water just starts boiling

It is a great Committee with a great group, and I hope we will have a good, productive time under the Chairman's leadership.