America is living like the young person who inherits a fortune, then squanders it, ignorant of the hard work and sacrifice it took to accumulate it. It is time, America, to get your financial house in order.
1. I pledge to be a country the rest of the world will be proud to follow. By my actions and my deeds I will show the path that leads to growth, prosperity and peace for everyone. I will hold sacred the ideals of my forbearers that led to my greatness.
2. I will pledge to be more humble, to save more and consume less. I will reduce my trade deficit to zero by lowering my personal consumption 6% (this won't hurt me much since most of this goes overseas anyway). I won't buy into the idea that consumption is the American ideal. It isn't. Hard work and saving are -- and always have been.
3. I will use the 6% I don't consume to lift my savings from minus back up to the 6% -- the level my forbearers saved that made me great. I will go through whatever economic withdrawals pains are required to make this happen. I will be strong.
4. I will help reduce the trade deficit by decreasing my dependence on foreign energy, by buying more efficient cars. I will adopt a new slogan, "Be efficient, not flamboyant." I will look for every possible way to save and economize.
5. I realize my military dominance arises from my economic strength -- but so do my enemies. I will strive to become economically lean, so I can continue to be the economic giant required to keep the world free. Six Billion people of the world quietly depend on me. I have responsibilities. -- Dollar Crisis and Recovery Partners
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