Really a State of the Art speech that means more kool-aid for the kids..

When he says "everyone" needs to do their fair share, the "everyone" he's talking about are the people with jobs and an income, the middle class.
He's going to tell us once again that things are even worse than he thought they were and he's going to have to raise taxes on the middle class even though he promised not to.
He now realizes how incredibly stupid we are by our blunder of re-electing him and he'll take full advantage of that fact.
Watch for a vast expansion of the police state that is only in its infancy now.
This police state will be fully implemented and deployed by the time the next Presidential Elections are "temporarily suspended" because of a "national emergency".

Does that apply to his wife and her expensive vacations?

We are waiting for the 47% to do their fair share...!!! Also, I agree with emilyg...!!!