This is what the Republicans mean when they say "Fiscal Responsiblitiy"

"Underscoring the dramatic erosion in the nation's fiscal picture since a record surplus in 2000, the president projects budget deficits of $304 billion for the current fiscal year and $307 billion next year, surpassing a 1992 record of $290 billion.

Over the next five years, the White House expects the budget shortfall to add up to more than $1.08 trillion, although as recently as 2001 the government was forecasting 10-year budget surpluses of $5.6 trillion."