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.
Ebb and Flow of Debt as a Percentage of GDP, 1940-2009. The war led to a period of unprecedented debt accumulation, when defense spending skyrocketed from 1.7 percent of GDP in 1940 to 37.5 percent in 1945. The national debt peaked in 1946 at 122 percent of GDP, exceeding the total output of the U.S. economy.