NEW YORK ( TheStreet) -- Rep. Ron Paul (R., Texas) debuted a campaign advertisement on Thursday to attack Democrats' plan for a debt-ceiling increase in a spot that mimicked a high-octane movie trailer.

Paul's message opened with the familiar Motion Picture Association of America screen that approved the preview for all audiences as it challenged Republicans on Capitol Hill not to settle for a compromise, but instead to cut spending, balance the budget and accept no other deals.

"In the '80s, they did it to Reagan -- a debt-ceiling compromise," the ad said. "The '90s brought more compromise, more broken promises and more new taxes."

Paul's television campaign came a week after Michele Bachmann's team launched an advertisement that touted her fiscally conservative ideals .

The 60-second spot winds through the clichés of a typical movie teaser, which included a "Balanced Budget" production company, an August release date and an epic music score that would punctuate an action genre movie.

"Ron Paul is the only national leader with the experience, record and credibility to stand up to the debt limit scheme, cut the spending now and save our dollar," said Jesse Benton, Paul's 2012 presidential campaign chairman. "Having never voted in favor of a debt-limit increase makes him the most qualified leader of such a fight."

Paul said on Tuesday that he would surrender his established congressional seat to fully focus his efforts on a run at the Republican presidential nomination.

Paul ran for president in 1988 and 2008. In the 1988 popular vote, he finished third on the Libertarian Party ticket behind former President George H. W. Bush and then-governor of Massachusetts Michael Dukakis.

A then 52-year-old Paul reportedly snubbed the outgoing president during the 1988 election cycle: "I listened to Ronald Reagan in the '70s. He told me that he would balance the budget, cut back and get the government off my back. They are not off our backs."

-- Written by Joe Deaux in New York.

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