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From, of all places, the NY Post:

Vice President Dick Cheney once dismissed talk of federal fiscal worries by saying, "deficits don't matter," former Treasury Secretary Paul O'Neill says in a controversial new book on his two years in the Bush White House.

O'Neill was brought into the administration by Cheney. When he became unhappy with the shallowness of economic discussions at the White House, he went to see the Vice President, he says in the book, "The Price of Loyalty," by Ron Suskind.

At one point after the 2002 elections, O'Neill said he told Cheney about the dangers of further tax cuts and the huge deficits they would cause, according to Time magazine, which interviewed the former Treasury Secretary.

"Reagan proved deficits don't matter," O'Neill quotes Cheney as saying.

O'Neill, who sat on the National Security Council, also says the Bush team began planning the Iraq war long before 9/11. He added, "In the 23 months I was there, I never saw anything I would characterize as evidence of weapons of mass destruction."

Bush's aides have dismissed the book, and an administration official told Time he would not "have been in a position to see" WMD evidence.

So, um, we're supposed to believe that someone on the NSC wouldn't have been in a position to see WMD evidence? Could that be because it didn't exist?