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Crossroads GPS launches ad accusing Obama of offering 'no real spending reforms'

The television ad, titled "Over," will hit airwaves Thursday in the group's first advertising buy to support Republicans in the debate to avoid automatic spending cuts and tax increases that go into effect at the beginning of the year, according to CNN.

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"If we are serious about reducing the deficit we have to combine spending cuts with revenue," says Obama in the ad.

The ad's narrator counters Obama's message by responding, "But so far a big tax increase is his solution. No real spending reforms. Instead more taxes. The time for politics has ended. We need bipartisan ideas we can all support."

The commercial then urges viewers to call the president to press him on a passing a "balanced plan."

"[E]very day wasted is another $4 billion we're deeper in debt," concludes the ad from the nonprofit arm of the Karl Rove-backed group American Crossroads.  

CNN reported that the outside spending group purchased a $500,000 ad buy on cable television and in stations in the Washington, D.C., area. It will air during Sunday's talk shows.

"President Obama's idea of a balanced plan is that we pay more and government gets to spend more. The White House has yet to propose significant spending cuts to go along with its massive proposed tax hikes. Serious revenue concessions have been made, but Obama won't take yes for an answer," Steve Law, Crossroads GPS CEO, said in a statement to CNN.

The president and congressional Republicans have been locked in a partisan debate over how best to avoid the cliff. Republican leadership has indicated a willingness to allow revenues to increase by closing deductions and loopholes, but has so far been unwilling to publicly agree to a rise in tax rates for the wealthy. The Obama administration has said a deal can only be reached if rates go up, a pledge that Obama made during the campaign.