The debt clock will be activated Monday at 2 p.m. when the convention convenes.
The national debt is at a record-high $15.9 trillion and has increased by $5 trillion during the Obama Administration. The last few years have brought the sharpest increase in the debt under any U.S. president.
"This clock reminds every delegate and every American why we are here in Tampa - because America can and must do better," said Priebus. "Every American's share of the national debt has increased by approximately $16,000 during the current administration.
"Mitt Romney and Paul Ryan are the right leaders at the right time for America. They will turn this fiscal mess around, get people back to work and set our country on a strong foundation for generations to come," Priebus added.Upon his swearing in as Governor of Massachusetts, Mitt Romney inherited a roughly $3 billion budget gap. He led an effort to balance the budget and left the commonwealth with a rainy day fund of more than $2 billion upon leaving office.