I want most of my debt forgiven too. Maybe I should convince Bushco that I'm hoarding (imaginary) stockpiles of WMD. Then they'll just make all my debt go away, just like they want to do with Iraq.

Me thinks that perhaps the Bushies have been reading The Onion again. From the February 24, 2004 edition:

WASHINGTON, DC—President Bush proposed a $2.4 trillion election-year budget Monday that would boost defense spending, redistribute funds among government programs, and cross out the $477 billion deficit entirely.
"Nobody likes making cuts, but the nation's current rate of spending and the decreased tax revenues we've seen since implementing my tax cuts have created a deficit that we can't afford to carry," Bush said in a nationally televised address. "Someone had to have the vision, leadership, and courage to go in and erase that line altogether, no matter how unpopular and impossible that may be."

According to the Congressional Budget Office, the $477 billion deficit is the country's largest ever, easily topping the previous record of $290 billion in 1992. If the budget is approved, however, the deficit will roll down to $0.0 billion.

In the past, critics have accused the Bush Administration of responding to a mounting deficit and the ongoing recession with unsound fiscal policies like cutting taxes for the wealthy. Bush supporters say the deficit cut proves the wisdom of the president's economic plan.

"Bush has taken a brave step, one that was long overdue," Senate Majority Leader Bill Frist (R-TN) said. "He has taken charge of the budget problem once and for all, simply by saying 'The deficit stops here.'"

Faced with the difficult choice of either cutting government programs or raising taxes, Bush reportedly arrived at the radical new "deficit-cutting" solution late Sunday night, only hours before he was to announce his budget.

"I was staring at the figure for the deficit, and I decided that it simply could not stand," Bush said. "It was too high. Something had to be done. But Americans have been taxed and taxed. I say 'Enough taxes.' By my estimation, this historical crossing-out of the deficit will save American taxpayers millions, billions, and perhaps even bajillions of dollars."

The president then turned to Section 14-D of the official budget document, where the federal government's total expenditures, the GNP, and the difference between the two were listed. Using a black Sharpie, the president crossed out the third figure, eliminating it entirely.