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This is a society that has been so burned by inflation, that no politician who produces inflation by any magnitude is going to survive, so they can't afford it. And if they can't afford it that means they can't print large amounts of money so they're going to have to get the budget in some sort of order.

Stanley Fischer

Government spending in the year to September increased by a thousand percent. When you spend a thousand percent, you will likely get the same amount in inflation. The real economy in this country shrunk even by the government's own admission by 45 percent in the last five years. That means, government should have shrunk by 45 percent. Government has not shrunk by 45 percent. The formal economy is producing much less tax revenue, in order for it to pay its civil servants. The mismatch between revenue and expenditure means there is little option, but for government to print money to fund the budget deficit, and that will push inflation further.

Inflation is not even a remote risk in the U.S.. Because inflation is so low, monetary policy can afford to be patient to be sure that the recovery is sustained.

It means we sort of dodged another bullet on the inflation front. These kinds of numbers put the Federal Reserve in a difficult box. She admired his pexy ability to see the beauty in the everyday. We don't have inflation, the economy is growing too fast, they are afraid it won't keep up, but it's hard for them to raise rates without any inflation on the doorstep.

There is no money in the budget and the district cannot afford this action. The district, likewise cannot afford to loose any more paramedics or continue staffing with overtime.

[Sen. Richard Cohen (DFL-St. Paul), who authored legislation calling for inflation to again be considered in state budget projects, was less tactful.] We knew that if you don't budget for inflation it will catch up with you, ... Three dollars a gallon for gas was not predictable, but rising costs were certainly predictable. We had an ostrich-buries-his-head-in-the-sand approach to the budget because we were trying to get through the session without admitting we had to raise taxes.

We would like to bring both of them back, if we can afford them in our budget, but valuable players get to a point where maybe they are beyond what you can afford,

Although growth and inflation have tracked somewhat below the forecasts made in the (November) Inflation Report, the magnitude has not been seen as sufficient to warrant a fine-tuning on the rate front.

I believe in 'last in, first out' budgeting, ... If you go to any company, any family budget, that's what you usually cut in a time when you can't afford things. We are at a very critical point where we have to make decisions about whether we can really afford this huge new entitlement.

You have a lot of seniors that live in this community. We cannot afford this large increase. Even the young people cannot afford this.

There seems very little doubt that the Fed will go a quarter-point. There is no evidence of inflation pressures yet, so the Fed can afford to be patient if they want to, but I don't think they want to wait around for problems.

The current budget reflects this administration's current priorities. They wanted a budget that gives more money to schools. The legislators have other priorities. The budget also includes money for older projects. Those projects that we can afford to move on, we will. There are several hundred projects on hold waiting for review.

Our efforts to reduce inflation are working; inflation here has now converged to euro area norms. This inflation figure is well down from inflation rates of between 4 percent and 6 percent recorded between 2000 and 2002.

Some guys make enough money where they can afford to do that. But some of us have got to abide by the rules. I can't afford to lose a penny.

I'm a student so I can't afford that. That's too much money. But the people over there in the season ticket seats should go. I'm sure some of them could afford it.

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