When does it become YOUR deficit Mr. President?

After six months and several MASSIVE spending bills later the federal deficit is still the previous administrations responsibility? I understand that George W. Bush was responsible for massive deficits (and is as guilty of treason as our current president), but honestly people.... Do the sheep I see every day wearing their "yes we can" t-shirts really believe this? At what point is he responsible for himself? Can I blame my parents for the way I act right now even though I have been on my own for ten years now?