In the ad, the Texas congressman criticizes both Republicans and Democrats for striking deals in the past, and notes that he always has voted against raising the federal limit on borrowing.
It's an important issue to conservatives who make up the Republican Party's base.
The ad is set to air in early primary voting states.
Paul is running for the Republican nomination for a second time. He also ran for president as a Libertarian in 1988. Reducing the federal budget and the national debt have always been his key issues.