Timothy M. Kaine is accelerating his attacks on George Allen’s Senate record, making the case in a new ad that the Republican’s previous tenure on Capitol Hill makes him a bad choice for a return engagement.

Kaine’s (D) spot, “Risk,” is the latest salvo in a multi-million dollar ad war that will saturate the state’s airwaves through Election Day. Each candidate has alternated between airing positive and negative spots, and Kaine’s latest offering falls in the latter category.

“The best indicator of what someone will do in the future is their record in the past,” Allen says in a video clip, before the narrator says that the federal budget swung from surplus to deficit, and the unemployment rolls swelled when Allen served in the Senate from 2001 through 2007.

“Now Allen’s policies would increase the deficit a trillion dollars, cut Medicare, education and, according to the Pentagon, risk thousands of Virginia defense jobs to give tax cuts to the wealthy,” the narrator continues, as the spot ends with a picture of Allen wearing a cowboy hat.

The ad’s mention of a trillion dollar increase in the deficit is a reference to the the future costs of repealing President Obama’s health-care bill, according to the Congressional Budget Office. The cuts to Medicare and education would come from the “cut, cap and balance” plan Allen and many other Republicans support. And the defense jobs would be at risk, in the opinion of Defense Secretary Leon Panetta, as a result of the House-passed plan to avert cuts scheduled to happen in January. (Allen has called the House bill “a good starting point” but has not fully endorsed it.)

Allen’s campaign suggested Kaine should look in the mirror, since Kaine proposed significant education cuts as governor, backed Obama administration policies that boosted the deficit and supported last year’s spending deal that put potential defense cuts on the table.

“Tim Kaine is entitled to his own opinions, but not his own set of facts,” said Emily Davis, spokeswoman for George Allen for U.S. Senate. “Tim Kaine must think that if he skews enough data, somehow Virginians won’t notice that he has championed the run up of over $5 trillion to the national debt, tried to raise taxes on those making as little as $17,000 and lost 100,000 jobs as Governor.”