Republicans presidential candidate Michelle Bachmann championed her vote against raising the debt limit in her third television advertisement.

The ad, entitled "Believe It," began airing statewide in Iowa on Wednesday.

"Back in Washington, politicians are looting the treasury and bankrupting our nation," Bachmann says in her 30-second spot.

"And Barack Obama has driven our economy into a ditch. Someone needs to say ‘no.’ I voted against raising the debt limit because it’s time to balance the budget and pay down the debt."

President Barack Obama signed an agreement into law, called the the Budget Control Act of 2011, on Tuesday that would raised the debt ceiling until 2013 and cut the federal deficit by about $2.1 trillion over a 10-year period. The two-stage agreement, which was criticized by both tea party lawmakers and progressive Democrats, passed by a vote of 269 to 161 in the House and a vote of 74 to 26 in the Senate.

Bachmann also urged Iowans to vote for her in the upcoming Ames Straw Poll. The outcome of the poll is used to judge a campaign's ability to organize and mobilize its supporters, and often shapes the presidential race.

Watch the ad below: