Politifact Va: Cantor's claim on spending cuts ruled "half-true" - NBC12 - WWBT - Richmond, VA News On Your Side

Politifact Virginia: Cantor's claim on spending cuts ruled "half-true"

RICHMOND, VA (WWBT) - We are fact-checking a claim by majority leader Eric Cantor.  The Henrico congressman is on a crusade to cut government spending.

Recently he had this to say:  "To put it simply: less government spending equals more private sector jobs."

But is it really that simple? Do cuts in government spending always lead to private sector jobs?  According to the reporters at Politifact Virginia, that claim is only "half true" and here is why. 

The claim is difficult to prove because federal spending has only been cut a few times. Five times in fact in the last 70 years, and they usually happened after wars end and defense spending drops dramatically.

The end of wars also leads to a big jump in private sector employment, because all those soldiers no longer fighting, come home and find jobs.

So even though there tends to be a correlation -- a direct link is difficult to prove all by itself. Politifact Virginia reporter Jacob Geiger explained it further.

"This is just a projection he's basing it on estimates, economic research and modeling. Certainly a lot of work and research goes into it, but you cannot guarantee that if the government cuts X amount of dollars say $10 billion that new jobs will be created," Geiger said.

And you can see all the information behind this week's Politifact Virginia report on their web site, www.politifactvirginia.com and you can see all our past reports on my political blog, www.decisionvirginia.com.

Copyright 2011 WWBT NBC12. All rights reserved.

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