House Proceeding 07-22-09 on Jul 22nd, 2009 :: 1:33:45 to 1:40:10
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1:33:41 to 1:34:01( Edit History Discussion )

Nancy Pelosi: so i applaud the authors of the bill. i applaud the people who introduced this today. it's a happy day. with the task of making sure that we get spending under control. i yield back the balance of my time. the speaker pro tempore: the gentleman yields back the balance of his time. the gentleman from wisconsin.

1:33:45 to 1:40:10( Edit History Discussion )
Speech By: Nancy Pelosi

1:34:02 to 1:34:22( Edit History Discussion )

Nancy Pelosi: mr. ryan: may i inquire as to sides? the speaker pro tempore: the gentleman from wisconsin has 17 1/2 minutes remaining. the gentleman from south carolina has 21 minutes remaining. mr. spratt: 21? the speaker pro tempore: 21. mr. ryan: i reserve. th gentlemafrom wisconsin reserves at this time? mr. ryan: yes.

1:34:23 to 1:34:43( Edit History Discussion )

Nancy Pelosi: the speaker pro tempore: the gentleman from south carolina. mr. spratt: mr. my honor to yield to the speaker of the house, the gentlelady from san francisco, california. the speaker pro tempore: the gentlelady from san francisco, california, the speaker of the house, is recognized for one minute. the speaker: i thank the gentleman for yielding and i thank him for his masterful leadership of the budget

1:34:44 to 1:35:04( Edit History Discussion )

Nancy Pelosi: committee. he is indeed a great american. he's put forth earlier this year a budget which is a statement of our national values, about what is important to the american people as being manifested in our priorities in that budget. it's a budget that is designed to reduce the deficit, to create jobs, to give tax cuts

1:35:05 to 1:35:25( Edit History Discussion )

Nancy Pelosi: to the middle class, and to have three of its pillars to turn the economy around, education, health care and energy. and today as part of that framework of fiscal responsibility under his leadership this legislation is coming to the floor. i'd also like to acknowledge our distinguished majority

1:35:26 to 1:35:47( Edit History Discussion )

Nancy Pelosi: leader, mr. hoyer, for being relentless in his pursuit of this legislation. he has long supported it, and i don't think we would be here today without his determination. we just heard from mr. baron hill, an author of the legislation, a leader of the blue dog coalition in the house. the blue dog coalition came

1:35:48 to 1:36:09( Edit History Discussion )

Nancy Pelosi: togethewith the o principle of fiscal responsibility. we all owe them a debt of gratitude because it has become the mantra of the congress. we will not increase the deficit. mr. hill spoke as a policymaker and as a new grandfather, and that is a very important

1:36:10 to 1:36:30( Edit History Discussion )

Nancy Pelosi: perspective as a grandfather. as a grandmother of many grandchildren for a long period of tim moral responsibility not to heap mountains of debt onto our grandchildren. and today we will be able to put into place as a statute, not just as a rule of the

1:36:31 to 1:36:51( Edit History Discussion )

Nancy Pelosi: house, which we did when we took control of the house as democrats, but now as a statute. i want to pay also homage to mr. george miller, a progressive democrat, leader in the congress for many years. long before i came to congress i was reading about mr. miller introducing pay-go legislation in the congress.

1:36:52 to 1:37:13( Edit History Discussion )

Nancy Pelosi: now, i'm talking about 30 years ago, and i do remember going in 1982, not as a member of congress, to the democratic convention in philadelphia. this was a mid term conference. in between nominating conventions for president. and mr. miller at that 1982 convention introduced as a resolution a pay-go resolution

1:37:14 to 1:37:35( Edit History Discussion )

Nancy Pelosi: which succeeded at that convention, became part of the democratic platform, and then again, ai say, introduced that l congress. it wasn't until a number of years later that it s implemented. and during the clinton years the pay-go formula was what

1:37:36 to 1:37:59( Edit History Discussion )

Nancy Pelosi: took us out of the debts of the reagan and bush years and into a ajectory of surplus into the future. the last four clinton budgets were in surplus. now we're back in deficit of the excesses of the bush reckless economic policies. we must dig our way out again. we must sweep up behind.

1:38:00 to 1:38:20( Edit History Discussion )

Nancy Pelosi: and this is a way, statutory pay-go leg get that done. i reiterate, when the democrats took control of the congress, we made it a rule of the house that we had to abide by pay-as-you-go. now we have a president of the

1:38:21 to 1:38:41( Edit History Discussion )

Nancy Pelosi: this legislation, and we are able to pass it, not as a rule of the house, but as a statute, as a law of the land. and i thank mr. hill, mr. baron hill, mr. george miller, steny hoyer, and you, mr. chairman, for making all of this possible. it's a very important day for

1:38:42 to 1:39:02( Edit History Discussion )

Nancy Pelosi: our country because it is a day when the congress of the united states says to the american people, we will be accountable. we have said it, we have done it and now we will make it a statute of the law of the land. so, again, i urge our colleagues, i hope we have a

1:39:03 to 1:39:26( Edit History Discussion )

Nancy Pelosi: good strong vote across the political spectrum. and the democratic party from right to left and hopefully across the aisle so that we can have all of those who claim to support fiscal responsibility placing their vote behind this important legislation. if we want -- if the idea is that you want to persuade the

1:39:27 to 1:39:48( Edit History Discussion )

Nancy Pelosi: nation that cutting taxes is a way to grow our economy, those ta if we want to say that we want to increase entitlement spending, we must pay for that. and if we do not, there are consequences. there are consequences.

1:39:49 to 1:40:10( Edit History Discussion )

Nancy Pelosi: and that is what is important about this legislation. we either pay as we go or as say go into sequestration, have across-the-board cuts, a draconian measure that must be avoided, and here is the way to do it. so i urge all of my colleagues on both sides of the aisle to suort statutory pay-go, and as a tribute to those who