Inflation outstripped real wages for people who work for pay from others.

As a personal beneficiary of the service that Amtrak provides and as someone who represents a congressional district that counts on safe, reliable rail service, I am a strong supporter of providing this vital industry the funding necessary to continue operations.

The residents and elected officials of Long Island have fought vigorously for many years and spent millions of dollars to preserve the quality of life that the Long Island Sound offers.

Meanwhile, hard-working Americans are increasingly faced with workplace conditions in which critically important safeguards are watered down, emerging problems are ignored, and enforcement is scaled back.

For a variety of reasons, we are not producing at a given level of economic activity the jobs we used to have.

In addition to joblessness, of course, by the working of supply and demand, when you have a larger number of people unemployed, wages do not rise at the normal level, so that we had last year a drop in real wages.

Foreign trade clearly holds down the cost of products we buy.

Trade helps bring us products cheaply, but there is no guarantee whatsoever to assume that it will allow us to replace the jobs that have been lost, and there is no mechanism under productivity that says that, either.

We have one of the few societies, the only one I can think of right offhand, where your health care is so tied to your job, so that when an American company has to hire, they have to think about health care.

There are always, of course, job losses of a cyclical nature in a recession.

While the wealthiest families completely benefit from the tax cuts targeted towards the upper brackets, middle-income families were hit with the unwelcome surprise of higher taxes on tax day.

A healthy Amtrak is an integral part of New York and the Nation's economy and transportation systems.

We need to get serious about combating gang violence on Long Island, and the entire nation.

Our nation and those of the developed world must offer our own resistance to despot leaders who seek to commit murder on the basis of religion or race.

Real economic stimulus comes from real investment.

In this time of budget cuts, we cannot forget that basic science is a building block for scientific innovation and economic growth in the information age.

The people who do not get jobs are often the most vulnerable in our society, and joblessness is a terrible plight for anyone who suffers from it.

The fact is that America relies on Amtrak to move people.

However, this President sees no problem eliminating funding for Perkins Loans in his budget, even though the cost of tuition is rising and will continue to rise as the administration's policies force inflation.

This administration and the leadership in Congress appear to be intent on valuing wealth over work, thereby placing working families at a distinct disadvantage.

Foreign trade clearly has been a reason why inflation has been low.

It seems to me morally a decent society will try to take some of the increased benefit and use that to alleviate the pain of the few who are bearing the cost that made it possible.

We need to send a clear message to gang members that violent crime will not be tolerated.

The Long Island Sound is an environmentally unique estuary that needs to be protected.

Amtrak offers riders a cost-effective way to travel throughout the country.

In my district, the budget scales back and eliminates several long-term shore protection projects important to the safety and economic security of Long Island.

Transportation spending is a win-win proposition.

Inflation outstripped real wages for people who work for pay from others.

If we have wealth, it will be protected from inflation and possibly even enhanced in value.

I'm a political scientist and I study these things, and I know that economic problems, with the rising unemployment and inflation and low productivity and so forth, were a factor in that election, in that defeat of President Carter.

They flooded liquidity in the marketplace but the mortgage rate is based much more on expectations of inflation. So if the average investor believes that there is inflation coming, they'll move that rate up.

Domestic inflation reflects domestic monetary policy.

We pay some price when necessary to bring down inflation but that price is temporary and is not large relative to the permanent gain from reduced inflation.

The Great Inflation of the 1970s destroyed faith in paper assets, because if you held a bond, suddenly the bond was worth much less money than it was before.

The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation.

Double-digit inflation is a terrible thing - and it got up to 14 or 15 percent on a monthly basis for a while, shortly after I became chairman of the Fed.

Inflation is when you pay fifteen dollars for the ten-dollar haircut you used to get for five dollars when you had hair.

The best way to destroy the capitalist system is to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens.

Deficits do not in themselves produce inflation, nor does a balanced budget assure a stable price level.

Congress has not raised the minimum wage since 1997. The minimum wage is now at its lowest level in 50 years adjusted for inflation.

The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists.

Inflation is the crabgrass in your savings.

Median wages of production workers, who comprise 80 percent of the workforce, haven't risen in 30 years, adjusted for inflation.

I don't mind going back to daylight saving time. With inflation, the hour will be the only thing I've saved all year.

This unchecked spending is growing faster than our economy, faster than inflation, and far beyond our means to sustain it.

I continue to believe that the American people have a love-hate relationship with inflation. They hate inflation but love everything that causes it.

You could not buy a house in those days without just assuming that the house was not only a place to live, but it was a good investment, because it was going to keep up with inflation or get ahead of inflation, and it was just - that was America.

Well, I think the global economy is in the position for continuing good growth with inflation well in check.

Agency by agency, we frequently have lost a bit of ground, at least to inflation-but had it not been for the efforts we've made to educate people about the importance of science, technology and advanced education, those predictions very well might have come true.