I Don’t think another Cold War would be such a good idea at this time mate. Consider the changes with Russia this time around compared to the old and corrupt former Communist USSR.
The old USSR was a socialist backward economy country and could not afford to compete with the US when it came down to monetary wealth.
Now Russia has a booming resourse driven economy on the back of huge resourse prices in Oil, gas and Gold. Its foreign debt is non-existant as a result and it has the largest natural mineral resources in the world. With time Russia will get stronger and stronger and as a result more assertive on the foreign policy front.
The US is now over-extended on the foreign policy front and pouring billions per month on foreign wars. This is heating the Economy and causing pressures on the US dollar. More spending on a Cold war type scenario will increase inflation in the economy and hence interest rates which will increase hardship to the general populace.
At the moment the US cant afford a Cold War with Russia unless it cuts its losses in Iraq and bases around the world. If it did get into a cold war with Russia , their will be only one winner this time and it wont be the US.