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STEPHEN GREEN: Caracas On The Potomac. The numbers would be bleak if they weren?t so scary. A ?

By Glenn Reynolds

STEPHEN GREEN: Caracas On The Potomac.

The numbers would be bleak if they weren?t so scary. A budget deficit four times bigger than last year?s record red ink. One year?s debt equal to 13% of GDP. A record $3,550,000,000,000 budget. And 46% of that spending will be ?paid? for by new borrowing.

But wait ? there?s less!

There have been 5.7 million jobs lost since December. A lousy Treasury bond auction last week signals slower growth and higher inflation. And retail sales just dropped for the second straight month.

Read the whole thing.

Full post as published by Instapundit.com on May 16, 2009 (boomark / email).