Jack Reed actually said...

"From afar, it looks like their policies of austerity have not helped them grow at all, in fact, have complicated their economic situation."

"if we could in the short run have a complementary policy, that would also add jobs rather than subtract them in the short run"

"monetary policy is no panacea, is no cure all, and we do not have the ability--we can all disagree on how powerful these measures are"

"this sequestration could end up costing us more money than saving it."