Now President Obama is back to to talking about fiscal austerity again.
At the G-20 meeting this weekend I guess he held a press conference. RealClearPolitics has some video here. (Hat tip Drudge)
He is taking a deficit hawkish stance here again, and is implying his current plans for next year's budget will include either painful cuts or higher taxes (he doesn't give any details really). He seems to be calling out Republicans who have been demogogues against his administration overseeing the large fiscal deficits we've seen over his first two years in office.
Mike has reported here that the current OMB Director Orszag will be leaving in July, I think we may be able to tell which way the Administration will go with respect to fiscal policy by who is named as the new Director of OMB...stayed tuned.