VIDEO: Ron Paul's first 2012 calls for 'conviction' on debt 

Fresh off Tuesday's announcement that he would not be seeking reelection to the House, Ron Paul released his first presidential ad today. The campaign will spend "six figures" on the ad, titled "Conviction," and will start running it on New Hampshire and Iowa television Friday.

The ad runs just over a minute and opens with a green movie preview like screen. The script then reads:

In the 80s the did it to Reagan. A debt ceiling compromise. Democrats promising spending cuts, but delivering only tax hikes. The 90s brought more compromises, more broken promises and more new taxes. This August, the next chapter will be written. A defining moment. $14 trillion in debt. Millions unemployed. The dollar in decline. We know where they stand, but will our party's leaders repeat the mistakes of the past. Will they choose compromise or conviction? One candidate has always been true, Ron Paul. Cut spending. Balance the budget. No deals. Standing up to the Washington machine, guided by principle. Restore America now.

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