Washington (CNN) – The latest ad from President Barack Obama's re-election campaign accuses Mitt Romney of being "number one in state debt" during his time as governor of Massachusetts.
"Eighteen billion dollars in debt. More debt per person than any other state in the country," the spot states.
But the ad leaves out some important context. The state was already $16 billion in debt at the end of Romney's first year in office. Under Romney's watch, that debt load rose by $2.5 billion to $18.5 billion, a 16% increase. However, that smaller, less sexy 16% figure is left out of the spot.