Jim McDermott actually said...

we need to bring value over volume to the Medicare program.

But the real damage of the sequester is that it affects the long-term investments in research that this country does.

Our ability now to produce manufactured goods and that sort of thing is--we are in real competition around the world.

A huge amount of what happens in our innovation and our research and development, R&D as it is called, is from the Federal Government.