"We have cleared away the rubble of crisis, and we can say with renewed confidence that the state of our union is strong,'' Mr Obama said in an hour-long address.
Delivering growth and jobs will be the "North Star that guides our efforts", he added.
But he insisted that nothing he planned would raise the deficit "by a single dime".
State of the Union: Obama pledges to reignite economy
Yes, all roads will lead downhill, and the first 50,000 people through the door will walk away with a perpetual motion machine with a certificate of authenticity that will arrive in the mail.
And don't pay any attention to the guy behind the curtain who's fiddling with your Social Security and Medicare benefits.
I'm waiting for Prof. Krugman's breathless praise for this program.