The Center on Budget and Policy Priorities has published a nice summary of the President’s deceptive statements during his press conference:

1. Obscuring the fact that those electing private accounts would have to pay back Social Security through reductions in their Social Security benefits…
2. Not explaining that under the option he touted to allow workers to invest their private accounts entirely in Treasury bonds, workers would be guaranteed to lose money…
3. Portraying Treasury bonds in personal accounts as rock-solid, but Treasury bonds in the Social Security Trust Fund as shaky IOUs…
4. Misrepresenting how people who die before retirement fare under Social Security and how they would fare under his proposal…
5. Portraying the private accounts he is proposing are merely what Congress has already provided for itself…

Read the whole thing for full details.