What's so brilliant about it? The only way to decrease the deficit is to halt government spending, which he knows. Yet every single one of his policies encourages the expansion of the deficit, from cash for clunkers to economic stimulus.
Other folks have the real idea of doing that, but they are laughed at. Now Obama is appealing to those who believe the deficit is a major problem after all these programs. Why didn't he address this before?
All prototypical Washington, lying, persuasive nonsense.