In a slightly strange turn of events, there has been some rhetoric around Capitol Hill defining the current state of public debt in the US as an analogue to the communist threat of the 70s. It’s a curious line of thought, one that leads to the conclusion that if public debt is in fact a national threat on this level, that it would be beneficial to the country and generally the patriotic duty of red-blooded Americans to do everything in our power to bring down the deficit as quickly as can be managed. The most effective way to do that? Formulating a budget that matches revenue increases with spending cuts, and maybe asking the super rich if we can raise their taxes just a touch, especially if it will contribute to defeating the red menace that is currently lingering over the shoulder of America. A curious line of thought in curious times. It will be interesting to see if this rhetoric has any impact, positive or negative, on the general state of public debts in America. Let us know what you think in the comments.