Rep. Ron Paul (R-Texas) will run television advertisements in Iowa and New Hampshire criticizing his party's leaders for considering a compromise on raising the debt ceiling.

The stylized advertisement, which looks more like a movie trailer than the standard political ad, calls the debt-ceiling debate a "defining moment" for America.

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"Will our party's leaders repeat the mistakes of the past?" asks the ad's narrator. "Will they choose compromise — or conviction?"

The ad goes on to describe Paul as "standing up to the Washington machine, guided by principle."

Paul campaign manager Jesse Benton said the campaign had purchased six-figure ad buys in both states, and that the advertisements would run statewide on broadcast television as well as cable from Friday through the next week.

Benton said Paul thought that Senate Minority Leader Mitch McConnell (R-Ky.)'s debt plan was "horrible," both because it gives the president more power at the expense of congressional authority and because it would allow President Obama to raise the debt ceiling.