If we can't make sacrifices during hard times, make the hard choices, when there is urgency (clear impetus) and the tradeoffs are in high relief, when are we going to make them?
During good times?
Obama gave away his and his political party's credibility to face off against the GOP.
Therefore, the debate will shift to who in the Republican party can take up the "true" mantle of responsibility. And it doesn't even have to be true. It just has to be perceived to be authentic. Perhaps some governor who has a track-record cutting, cutting, cutting.
That person, if they emerge, will beat Obama and win the Presidency.