It's pretty obvious, Obama won and he feels empowered. There is no hiding who he truly is now, he's an unabashed liberal who cares more about from his view, dealing with social inequities through implementing bigger government policies while instituting punitive measures amongst those who feels owe it back to society, than trying to restore a vibrant economy. If anyone saw his inaugural address, knows that his agenda is the antithesis of Clinton's second term, when he decreed "The era of big government is over"... Well, Obama basically said "The era of big government is back, and we've juiced it up".
So of course, it wasn't surprising to me that he never made mention of the economy and debt, why would he? Those are his failures, not to mention that liberals don't really enjoy discussing the debt. Rather than discuss these topics, that most of us care about, he is going to try to push through his leftist agenda. He's a borderline megalomaniac, it's gonna be his way or the highway, and he has the election results to prove it. At least that's how he sees it.
The only hope I have of there being a grand bargain is if he comes to his senses and decides that addressing the entitlements and tax reform is part of the legacy he wants to leave behind. My guess is that he won't deliver, first because he isn't equipped to come through on a grand bargain, simply because he isn't able to connect with the opposing party. Secondly, liberals don't want to touch the entitlements, and he has always been beholden to their beliefs. The only reason why he ever pissed off liberals with some of his "compromises" is because he had to. If there is anything he loves more than his liberal orthodoxy, it would be himself. Which means that he compromised not for the sake of the good, but for his legacy and his re election. Well now that he has been re elected, I expect to see an even greater movement to the left.