Can I deduct myself as a liability?

This is quite a tax dodge. The Wall Street Journal describes a brewing crisis between phone company MCI-Worldcom, American state tax authorities, and MCI's auditor KPMG. The states are annoyed at a tax strategy designed by KPMG for MCI, and if they collect back taxes from MCI by disqualifying the strategy, the company will turn will look to blame KPMG (although, strangely enough, not actually sue them, but that's another story). And what a strategy:

Under it, MCI treated the "foresight of top management" as an asset valued at billions of dollars. It licensed this foresight to its subsidiaries in exchange for royalties that the units deducted as business expenses on state tax forms.

By the same logic, look for Dubya to balance the budget by declaring himself a huge asset of the Federal Government -- with resulting huge losses to the nation if he's not reelected in November.