Pete Domenici: “I believe that you have to be better prepared for this transition than I have heard.”

I think it is very important, for some of you who have gone through lame duck, to make sure that you know it is not the best choice of an arena to which you would assign the solution of major problems.

We are now talking about something different. We are talking about the ratio of debt-to-GDP.

For it to survive, you have to end up putting revenue into the mix.

That is clearly a part of it, no question.