Wikinvest Wire

"I Pledge" - updated for 2010

Tuesday, January 12, 2010

I don't know. If, instead of getting ready to turn 50, I were a teenager whose home equity withdrawal-enabled lifestyle was being yanked out from under me in a rude awakening to a different new world or, if I was still in or just out of college and the events of the last couple years were being discussed in ways that older generations just don't understand, the last 60 years of American life looking a lot better than the next 60, I'd pledge to do something to.


At about the 2:15 mark, one young man stands in front of the Federal Reserve building in Washington D.C. and pledges "not to let unelected bureaucrats run our economy" followed by another who pledges "to resist fiat currency". What's not to like about that?

This was spotted over at the Daily Bail and comes from the Young Americans for Liberty website in response to "the nauseating "I Pledge to be a servant to our President" video by Demi Moore and Ashton Kutcher that came out around Obama's Inauguration last year."

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8 comments:

Anonymous said...

Tim, you ought to at least pledge to get annual physicals at your age.....

Dan said...

It's funny that some pledge to resist compulsory service and the draft. If I recall correctly, It was Jefferson who was an advocate for compulsory service. This was in place of a standing professional army, not, as Obama wishes, a supplement. He also advocated for a professional Navy for defense of boarders. In today's world, he would probably advocate the professional Air Force as an extension of boarder protection.

The compulsory service would give everyone a weapon, weapons training, an understanding of mortal combat and also make every citizen a stakeholder in foreign conflict so that, in the event that Congress were to declare war, the citizenry would have to overwhelmingly agree to go fight, otherwise, no war. He also wanted a free education system through university level so that the poorer classes would not join the professional army for educational assistance or as a last resort career. As is evidenced by history, we did not get these things. We traded this for the 2nd Amendment.

Dan said...

Whoops! Misspelled border.

Tim said...

It seems we're getting more Hamilton than Jefferson these days. In some recent reading I came across this gem about Hamilton's thinking...

As part of his plan to ensure the rich get richer, he proposed that spending and debt levels be allowed to rise until 80 percent of all federal expenditures were used just to pay interest on the debt. He figured that most of the national debt was owed to well-to-do investors and this would be an effective way of transferring wealth from the middle class to the rich.

Dan said...

Didn't Aaron Burr kill Hamilton in an olde tyme duel? Too bad that didn't seem to slow Federalism one bit.

Tim said...

Yes, Hamilton founded the Bank of New York and was the nation's first Secretary of the Treasury - the "original" Wall Street-Washington connection.

Anonymous said...

Remember, Alan Greenspan started out as a libertarian. Most of these kids look like they are ready to graduate and move right into some plush K-Street lobbyist or think-tank office. A more honest might be "I pledge to spew out mindless ideological talking points and macho Chartlton Heston NRA slogans so I can catch the notice from high paying public relations firms, special interest groups and Republican campaign managers and maybe get myself a lucrative career." Granted, Barry Goldwater is a much more appealing figure than what passes for a Republican these days, but if everybody who voted then could go back in time and vote again knowing what they know now, I still don't think he would have won.

Anonymous said...

Yeah, get rid of the printing press. It prevents citizens from saving for their future, and slowly lowers the median standard of living. One job used to be enough to support a family. Because of the printing press it now takes two jobs plus overtime. On top of this, most retirees don't have adequate savings to support themselves.

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