Fiscal Responsibility?

While I continue working on my next post on the so called economic stimulus bill, I see that news outlets are talking about the President's "Fiscal Responsibility Summit." It seems he is getting all the kings horses and men together to deal with deficit spending. With all due respect Mr. President, you started $787,000,000,000 too late. You responded to our current financial crisis by adding to our future financial crisis. And this is better than the previous administration how?