Indiana Gov. Mitch Daniels, the last of the possible Republican presidential candidates to address CPAC on Friday, strode to the podium at tonight's Ronald Reagan Banquet and turned back the clock to the 1980s: the thing we have to fear, he said, is the growing Red Threat.
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"In our nation, in our time, the friends of freedom have an assignment, as great as those of the 1860s, or the 1940s, or the long twilight of the Cold War," he said. "As in those days, the American project is menaced by a survival-level threat."
"I refer, of course, to the debts our nation has amassed for itself over decades of indulgence," he added. "It is the new Red Menace, this time consisting of ink."