Politifact Virginia: Cantor statement on the deficit - WFXG FOX54 Augusta - Your News One Hour Earlier

Politifact Virginia: Cantor statement on the deficit

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This week's Politifact Virginia report takes a closer look at what Henrico congressman Eric Cantor is saying about the deficit.

On Fox News Sunday, he explained the House GOP's priorities in the upcoming budget battle.

"What we are trying to do is fund the government, and make sure, also, that we take away the kinds of things that are standing in the way of a growing economy (and) a better health care, and all the while keeping our eye focused on trying to deal with the ultimate problem, which is this growing deficit."

But Cantor is a little off the mark when he implies that the deficit is "growing." According to Politifact reporter Sean Gorman, that is only half true. In fact, right now, the deficit is actually going down.

"The issue is, even though in the short term the deficit is shrinking for the next couple years, up to 2015, the CBO also projects that after 2015, the deficit will start growing again."

You can see all the information behind this week's Politifact Virginia report on their web site, www.politifactvirginia.com.

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