Deception 1. "make sure that the United States does not default on our obligations, and that the full faith and credit of the United States is preserved."

There is zero risk of a default to the creditors of US debt. The federal government takes in about $170 billion each month in revenues, but pays less than $29 billion each month in interest on the debt. The Bipartisan Policy Center has laid out a plan where the Treasury could pay: all debt interest, all Social Security obligations, all Medicare and Medicaid obligations, all Defense contractor bills, all Veterans payments, all active duty troops; and still have almost $7 billion left over every month for other items.

Obama is using pure political scare tactics to deceive uneducated voters into supporting his position. There is no risk to "the full faith and credit of the United States" unless Treasury chooses to default. Not raising the debt limit will cause a limited government shutdown, not a default, as Obama insinuates.

Deception 2. "I think we should not even be this close to a deadline on this issue; this should have been taken care of earlier."

The Obama administration created the present crisis with the introduction of his 2012 budget on Feb. 14, 2011. Obama's budget had a $1.1 Trillion deficit and was defeated by a vote of 97 to 0 in the United States Senate. Obama's own failure to submit a budget which could gain even a single vote directly caused the entire crisis.

Deception 3. "These are obligations that the United States has taken on in the past. Congress has run up the credit card, and we now have an obligation to pay our bills."

There is plenty of government revenue to cover the obligations the US government has taken on in the past. The entire issue is the obligations the US government will take on in the future. Republicans in Congress want to reduce those obligations -- they want to stop running up the credit card -- and Obama is saying "No, continue to spend."