[captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2010] >> good afternoon. thank you very much for accommodating the change in schedule because we had an engagement that came up at the white house but now they've pushed it to this afternoon so we'll spend our time well but i may have to leave shortly. first of all, let me say how pleased i am to see all of you on this special day, as we gather here on the floor of the house, we're debating pay-go. pay as you go. when i became speaker of the house, i made -- i made -- our majority made pay-go the rule of the house. if you wanted to have an investment, an entitlement, etc., you had to pay for it. there was no open-ended spending. that was the rule of the house from day one for us in the majority. it is now the law of the land. or it will be when it's passed today and sent on to the president. this is a transformative action in terms of how we slate here. if you have to pay for it,...

may have to leave shortly. first of all, let me say how pleased i am to see all of you on this special day, as we gather here on the floor of the house, we're debating pay-go. pay as you go. when i became speaker of the house, i made -- i made -- our majority made pay-go the rule of the house. if you wanted to have an