Bush announces deficit reduction plan

Bush plans to eliminate national debt literally

7/17/03: After acknowledging that the projected budget deficit is fifty percent greater than they earlier predicted, the Bush administration announced a bold deficit reduction plan yesterday afternoon.

The proposed plan involves two steps. First, the administration will simply block the government from paying for non-essential services such as “public school liberal and fine arts education, anything involved with sex, and anything that gives benefits to poor people who don't make enough to pay taxes for it anyway."

The administration also proposes to no longer count money earmarked to defense, intelligence and strategic technology as expenditures. "We're now calling them essential services," a White House spokesman said. This bold move will cut the expected deficit by more than half.