(CNN) - President Barack Obama on Friday released a new television advertisement on Medicare which serves as a rebuttal to a sharp ad his Republican challenger introduced on Tuesday.
The Obama campaign ad issues direct counterpoints to the two issues raised in Mitt Romney's earlier ad – first, that Obama's health care reform has cut billions from Medicare and, second, that the plans supported by the Romney ticket would "strengthen (Medicare) for the next generation."
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"You paid in to Medicare for years - every paycheck. Now, when you need it, Obama has cut $716 billion dollars from Medicare," Romney's ad says.
The Obama spot rebuts: "The non-partisan AARP says Obamacare 'cracks down on Medicare fraud, waste, and abuse,' and strengthens guaranteed benefits."
On Romney's sustainability claim, the Obama ad raises the proposal advanced by his running mate, House Budget Committee Chairman Paul Ryan.
"AARP says it would undermine Medicare and could lead to higher costs for seniors," Obama's spot replied. "And experts say Ryan's voucher plan could raise future retirees costs more than $6,000."
"Get the facts," it continues, pointing viewers to a page on the Obama campaign website which rebuts the points Romney makes in his ad.
"President Obama's new ad 'Facts' gets the facts wrong," responded Romney campaign spokeswoman Amanda Henneberg. "The facts concerning the President's record on Medicare are clear: 1) Obama cut the program by $716 billion, 2) millions will be forced to lose their Medicare Advantage coverage and 3) the program will go bankrupt in 2024. Mitt Romney has a plan for Medicare that protects it for today's seniors and strengthens it for future generations."
The Obama campaign has tangled with Romney, Ryan and their surrogates over Medicare since the presumptive GOP nominee introduced the Wisconsin congressman as his running mate nearly a week ago. The selection propelled budget issues and entitlement spending into the spotlight.
Republicans have criticized Obama for diverting $716 billion from Medicare, apparently referencing a July report by the Congressional Budget Office which said a repeal of the Patient Protection and Affordable Care Act would result in a $716 billion increase in Medicare costs through 2022.
But the report also says that Medicare will not lose $716 billion should Obamacare stay in place, as Romney claimed in his ad.
The Obama campaign says the ad, entitled "Facts," will air in the key states of Colorado, Florida, Iowa, Nevada, New Hampshire, North Carolina, Ohio, and Virginia.
– CNN's Gregory Wallace and Kevin Liptak contributed to this report
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Romney, a career fraud, is allergic to facts. The guy is all over the place
The government NEVER cracks down on fraud, waste, and abuse, this is just BS!
Obama has cut $716 billion dollars from Medicare, that is a fact and now Obama is going to do his best Anthony Weiner impersonation.
Anthony Weiner represents exactly what Obama and the Democrats in Congress are – LIARS. The Democrats will stand there and lie thru their teeth to achieve their agenda, no matter what it costs or affects.
Once you cut down on fraud and waste, the money needed to spend on the program will be reduced. Has there been any suggestion from the Romney campaign that there would be a continued fight on fraud?
"The non-partisan AARP..." hahahaha. That's funny.
Mitt and company are LIARsssss. Mitt can try to lie his way to be the POTUS and the gop can try to steal a victory by VOTER suppression. THINK AGAIN!
TREASON TREASON TREASON. That is what the GOP in congress is doing.
Finally, Romney/Ryan are being called to the carpet for their lies. It is pathetic that they continue to try to decieve the voters and muddy the waters concerning medicare. They have no compassion for the lesser well off. Didn't Ryan use SS to pay for college and Romney was born on third base and believes he hit a triple, two clowns.
Paul rand is a commie. Just look at his budget. The top 1% gets everthing and 99% gets zero nadas.
The GOP loathes facts nearly as much as they loathe intelligence.