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I'd say they're welcome to have the territory back under exactly the same terms that we acquired it: First, they have to beat us in a war. Then, they have to pay us for it. Finally, they have to guarantee property rights of U.S. citizens in the acquired territory.

Oh, and of course the independent and sovereign Republic of Texas would be free to launch its own counterattack and seek its own terms of treaty. I'd say that by D+7, we'd own the entire Gulf coast and all of the Yucatán Peninsula. Oil rights would be exploited soon afterwards.

Should I point out that their claim of "centuries of rightful ownership" of the ceded territory, was actually less than 30 years? Until 1821, the land was part of the Spanish Empire.