1 A resolution censuring the President is not contemplated by the rules of the House. 2  This means it has no inherent privilege; it is not a question of the privileges of the House, nor is it a matter of personal privilege. 3  Thus, there is no framework for considering it.
The data shows that for fiscal year 2009, the deficit as a percentage of GDP was 9.8 percent, while the projected percentage for fiscal year 2014 is 3.7 percent. But the timing of the Office of Management and Budget figures donât coincide with Obama taking office.
Our current account deficit was equal to almost 6 percent of GDP and growing, giving the United States the dubious distinction, Edwards observes, of being the only large industrial country that has run current account deficits in excess of 5 percent..ever in the history of modern economics has a large industrial country run persistent current account deficits of the magnitude posted by the U.S. since 2000, Edwards writes.