One thing - the most important thing going away - that Obama has not even been talking about, much less "compromising" on, is entitlement reform. That is the major reason we are in irons. This is one issue where the POTUS must lead. He hasn't been.
To be fair W tried to do something during his second term and squat happened. The voters don't want entitlement reform. They think they've fully paid for their benefits and aren't about to give them up. I don't blame Obama for not wasting time on something that wasn't going to happen.