From the article.
Throughout this period, polls of small business, such as those conducted by the National Federation of Independent Business, consistently show that the main concern is weak sales, instead of access to credit. As the economist J.W. Mason notes, credit-card debt has had an even larger percentage drop than housing debt. Overall, economists see threats of weak demand and disinflation, rather than rising prices from credit constraints, as a problem for the recovery.
Sure sales and credit card borrowing is down. People are smart enough to know better than to spend more money in thin times, even if Congress isn't.
This perspective, shared by many besides Bernanke, led to the pivot that the Obama administration has taken since 2010: prioritizing deficit reduction and deprioritizing economic stimulus. (My emphasis added)
Well hard telling where they come up with that. The Obama administration has no interest in spending less, and infact wants to spend more, lots more this year than previously: has asked for more. Not that I blame Obama ( or any President ) for the debt. Congress has the purse strings, and only Congress can spend money, but regardless of party, all are wimps when it comes to any attempt to cut spending. The President suggests a budget, and has the veto power, and that is it.