The debt ceiling debate may seem like a weird argument - but the idea isn't that complicated. Still, some people just don't get it.

So at the last press conference of his first term, President Obama took 100 seconds to explain what the debt ceiling is - and what the easiest way is to avoid hitting it.

It's simple - Congress just needs to do their job.

Watch the entire press conference, below, and follow along on the transcript (courtesy of the Washington Post).