So Obama was on David Letterman’s show and got a bit confused about the debt. Here’s the transcript:

LETTERMAN: So I hear the country is in debt or something.

OBAMA: Huh? I hadn’t heard about that.

LETTERMAN: No, I’m pretty sure it’s true.

OBAMA: That doesn’t sound right. We can print our own money. I don’t know why we’d be in debt.

LETTERMAN: No, I think it was like some trillions or something.

OBAMA: That’s not even a real word. You must have your facts wrong, Leno.

LETTERMAN: No, I’m David Letterman.

OBAMA: No, I’m quite sure Leno is the one in New York City.

LETTERMAN: Actually, he’s in LA, and I’m–

OBAMA: Shut up! Shut up! Shut up! I’m smart!

LETTERMAN: So, the Middle East… is stuff going on there?

OBAMA: Not that I know of.

LETTERMAN: Wasn’t there like something with an embassy?

OBAMA: Maybe. I can’t remember the details. Why are we worrying about this stuff. Wasn’t I here to do my trick?

LETTERMAN: Okay. Sure. So you’re going to stand on your head for us?

OBAMA: I’m doing that now.

LETTERMAN: Actually, you’re sitting… Well, that concludes this segment of “Stupid President Tricks.”

OBAMA: I’m a smart president.

LETTERMAN: Yes, we all know that.