To announce? I thought that was his acceptance speech goal... going back to 2008 when he promised to have cut the deficit in half by the end of his first term.
His party had an unprecedented monopoly on the House, the Senate, and the Presidency, and here's how that worked out...
Deficit as a % of the GDP
Now he has to compromise and work with Republicans. If he expects anyone to belive him this time, does he think the American people are smoking crack, or is he?