Crossroads: New debt attack on Obama

The Karl Rove-tied SuperPAC CrossroadsGPS is back with another issue ad hitting President Barack Obama, this time on the national debt. The TV spot starts running statewide today in a new $727,000 ad buy.

From Crossroads:

“Stopwatch” portrays the cumulative impact of the Obama Administration’s failure to address the national debt, ignoring even President Obama’s own deficit-reduction panel. The television buy includes network affiliates in Pennsylvania as well as Colorado, Florida, Iowa, Michigan, North Carolina, New Hampshire, Nevada, Ohio and Virginia.  It is the third spot in a national issue advocacy effort which totals $25 million.

The group's last ad in the state was launched two weeks ago in a $1.1 million buy.

UPDATE: From the DNC's Rapid Response team:

Karl Rove's newest deceptive ad reminds us of what he and Mitt Romney have in common – zero credibility when it comes to debt. Because of the policies of the last administration-massive tax cuts that weren't paid for, two wars that weren't paid for, and the effects of the recession—President Obama entered office facing the largest deficit relative to the economy since World War II. That's why he slowed federal spending growth to its lowest rate in nearly 60 years, enacted $2 trillion in deficit reduction, and proposed a balanced plan to reduce the deficit by more than $4 trillion over the next decade. Following the playbook of his Republican allies in Washington, Mitt Romney ran up the debt as Governor of Massachusetts – increasing it by 16 percent over four years and leaving the state with the largest per capita debt in the nation. And now he wants to do it again by bringing back the same policies that crashed the economy and devastated the middle class: budget-busting tax cuts for the wealthiest on the middle class' dime and letting Wall Street write its own rules. Romney Economics didn't work then and it won't work now.