The U.S. is sec­ond among devel­oped coun­tries in social spend­ing. But you would­n’t know that from read­ing the bud­get the pres­i­dent sub­mit­ted on Monday.

His bud­get assumes that social spend­ing is too low and that “mid­dle-class eco­nom­ics” requires gov­ern­ment to spend, tax, reg­u­late and bor­row more, plung­ing the fed­er­al gov­ern­ment more deeply into debt.  Read more.