Politifact Virginia: Forbes warns about defense cuts - NBC12 - WWBT - Richmond, VA News On Your Side

Politifact Virginia: Forbes warns about defense cuts

RICHMOND, VA (WWBT) - Cutting in spending has become a popular thing in Washington. But one local lawmaker is warning not to take the slashing too far.

Congressman Randy Forbes recently put out this web ad that expresses his concern about cuts to the defense budget.

"1.53 million jobs are at risk. Pink slips are waiting to be handed out," the ad says.

So are 1.5 million Americans in danger of losing their jobs if cuts to defense move forward? According to the reporters at Politifact Virginia, Forbes' claim is "mostly true."

Forbes is basing his prediction on what could happen if the supercommitee is unable to hash out a deal on deficit reduction. That would automatically lead to $1 trillion in cuts over the next 10 years.

Here's what that could lead to. Defense Secretary Leon Panetta predicts a 1% overall cut to the American work force with that big of a slash to the defense budget.

With 154 million people employed, that would be roughly 1.54 million jobs lost.

Warren Fiske's research reveals that scenario would be the true "worst case scenario."

"His estimate is definitely on the high end, but from what we could tell, it was definitely a credible estimate. And it matches up with the high end of what the Pentagon says, but not the low end," said Sean Gorman, from the Richmond Times-Dispatch.

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 Ryan's political blog, www.decisionvirginia.com.

Copyright 2011 WWBT NBC12. All rights reserved.

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