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."

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

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

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