Chuck Schumer actually said...

As you know, unless Congress acts before March 1, sequestration will roughly impose $85 billion of across-the-board cuts.

It is not just in New York, but in many areas with tall buildings that might be targets of terrorism.

It would not change the reduction and the estimates of reduction in growth if we just did all cuts?

The economic impact would be the same. I think the damage it would do to important investments, from defense to education, would be wrong.