Chuck Schumer actually said...

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

Thank you, Mr. Chairman.

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.