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.
Because this loss of financial resources was not offset by the public sector, the private sectorâs financial position deteriorated. To see how a bigger government deficit would have improved the private sectorâs financial position, letâs look at the data from 1988 (Q1). As a percent of GDP, the current account balance was 2.59%, nearly the same as before, while the governmentâs deficit came in at a much higher 4.2% of GDP.