It’s “time for an American comeback” to rescue the nation from the precipice of dangerously high debt levels, says former Virginia Gov. George Allen.
The rebound needs to be “based upon the principles of freedom and opportunity and personal responsibility, rather than dictates, mandates, and redistribution or dependency on government," Allen said during an exclusive interview with Newsmax.TV.
Allen also talked about his candidacy to regain his old U.S. Senate seat in Virginia, a vital contest for the GOP nationally in 2012. Republicans would like to make this blue seat one of the four red net gains needed to win the Senate majority.
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Democrat Jim Webb, who beat Allen in 2006, has announced that he won't seek re-election. Allen's likely challenger is Tim Kaine, who also is a former Virginia governor and formerly was President Barack Obama’s handpicked chairman of the Democratic National Committee. The latest polls show that Allen and Kaine are deadlocked.
"Our country needs to take back control of our own destiny because we're vulnerable to others because of our high taxes on job creating businesses and our dangerous debt and our counter-productive energy policies," contends Allen, who says he has just the solution.
On Tuesday, he announced his "Blueprint for America's Comeback" at an event in Virginia's capital city of Richmond. "There are three key points in our blueprint, my blueprint action plan for jobs, opportunity, and competitiveness," Allen explained to Newsmax.TV.
"Number one, we need to reduce the taxes on job-creating businesses" to 20-percent — a move he says will create 500,000 private-sector jobs a year.
The second part of his plan is to "unleash our American energy resources" to lower energy costs and bring in more than $2 trillion in revenues to the federal government, Allen says.
"The third aspect of our blueprint is we need to rein in this overspending, overreaching federal government," he says, by getting a balanced budget amendment, a line-item veto, and repealing Obamacare and replacing it with more personalized, affordable health savings accounts.
Allen also wants to return to 2008 spending levels and get rid of the Obama administration's unelected, unconfirmed czars. “We overthrew a British monarchy,” he said. “The last thing we need is a Russian monarchy system."
On the issue of raising the debt ceiling, Allen tells Newsmax.TV that "it's not just Republicans and Democrats. It's Standard & Poor's. It's ratings agencies like Moody's who are looking to downgrade the creditworthiness of the United States." The borrowing limit should not be increased "unless there's real, iron-clad cuts in spending."
Allen points out that a balanced budget amendment "failed by one vote [in the Senate] in the late 1990s. Imagine how much better we'd be if that had passed."
He says he wants to be elected so he can be that deciding vote in the Senate.
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