Naperville, IL (PRWEB) September 22, 2010
SelectRates Media, Inc. announced today the launch of the Obama Debt Clock on their flagship website, Selectcdrates.com.
Selectcdrates.com has introduced the Obama Debt Clock on its website to provide real time information on the increase in US government debt since the new administration took office.
The Selectcdrates.com Obama Debt Clock displays the current US debt built up during the time of the Obama administration, the rate of growth for the debt and the debt level per person.
The new Obama Debt Clock provides real time data on the growing US debt generated solely during the administration of the 44th president. The Obama Debt Clock is not designed to take a partisan look at government spending but rather to make taxpaying Americans aware of just how much the government is spending. The purpose of the clock is to bring awareness to the rising government debt and draw attention to the potential ramifications for the US economy.
Unlike a standard US debt clock, the Obama Debt Clock only measures the debt of the current administration. Total US debt is become such a large figure that individuals seem to be dismissing its importance. By highlighting the change in debt brought on by increased government spending in a shorter time period, it is easier for viewers to see just how much debt is created by uncontrolled government spending.
While consumers have worked on adjusting their debt since the recession started, the US government is moved in the opposite direction with force. The numbers are displayed to give a complete real time view of the country’s new debt load and how quickly that debt is rising. Debt that, if left unchecked, will eventually impact consumer bank rates including CD interest rates, mortgage rates and credit cards rates.
All data figures displayed in the clock are derived from government statistics provided by sources such as the US Treasury, the Office of Management and Budget and the US Census Bureau.