In a new video ad, called "Facts," President Obama aims to set the record straight in the face of attacks from Mitt Romney and Paul Ryan on his Medicare plan.

"Mitt Romney continues to mislead the American people about President Obama's record on Medicare--and skip the truth about his own plan to eliminate the guarantee of Medicare and provide people with a voucher to buy health care instead," Obama campaign spokesman Adam Fetcher said in a statement announcing the new ad.

"Facts," according to Fetcher, will air in New Hampshire, Virginia, North Carolina, Florida, Ohio, Iowa, Colorado and Nevada.

"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."

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. More of Romney's "sauce for the goose" crap, I suppose. Better duck, Mittens, more pesky facts headed your way!