And basically the sense of the 'Pledge to America' is this: Republicans understand when we were in charge we got fired in '06. We spent too much money. We defied the trust that the people had put in us. And we know that there is a better way.
Some old men continually praise the time of their youth. In fact you would almost think that there were no fools in their days but unluckily they themselves are left as an example.