Granted the Jacobites would hardly fit in at a Tea Party Rally today, they were all for Royal Privilege, their conception of "Liberty" was "free to ha'e some French laddie lord it o'er us, not a German one." Then again, the original version said so; it was Robbie Burns' version that became a Jacobite anthem.
Here's a bit from Mudcat Cafe about "Liberty." Again, "liberty" is being defined as in The Declaration of Arbroath, "free from foreign, not domestic,
Stirring anyway, and the sentiment translates well.