Goolsbee claims that deficit "not materially worse" under Obama

What can one say about this? Even after the bailout passed in late 2008, Obama was accurately saying that the deficit was up to about $455 billion. What is it now? $1.65 trillion? Goolsbee must have a strange definition of "materially."

The moderator, Bob Schieffer, of the third debate put it this way: "We found out yesterday that this year's deficit will reach an astounding record high $455 billion."