Pete Domenici: “So the point of it is that whatever they are having this debtor's conference for, people ought to be thinking about what…”

“So the point of it is that whatever they are having this debtor's conference for, people ought to be thinking about what they are going to be discussing and we ought to be thinking about how we are going to respond. You are offering some kind advice to us, what we ought to be saying, right? We ought to be thinking: Well, how long has it been since we have been involved in trying to make this country have some money and have it worthwhile? How many billions have we spent? And that I am for. How many more are we going to spend? And they would have the audacity to come to some kind of conference and say, put us on this debtors list; we will take 50 cents on a dollar. Yes, 50 cents on the dollar maybe 30 years from now, or 50, when everything that has gone into making this country alive again has been taken care of. There are a lot of messages from this simple resolution to these countries. In simplest terms: Forget about it. But in more sophisticated terms, the truth is, but for America, what you got is worth nothing. That is what I think is important about the resolution.”