President Obama responded to the G20 decision in favor of halving deficits with this statement:

 “Somehow people say, why are you doing that, I’m not sure that’s good politics. I’m doing it because I said I was going to do it and I think it’s the right thing to do. People should learn that lesson about me because next year when I start presenting some very difficult choices to the country, I hope some of these folks who are hollering about deficits and debt step-up because I’m calling their bluff. We’ll see how much of that, how much of the political arguments that they’re making right now are real and how much of it was just politics.”

 I think by “calling their bluff,” he means raising our taxes.

 (Hat tip to The Corner for transcript of the president’s remarks. The video is here.)