Of the many flaws in Joe Biden’s irresponsible spending plans, perhaps the least discussed is that they rely on wishful thinking. The president assumes that glaringly improbable outcomes will magically come to pass.

I’m not referring here to obvious miscalculations, such as that goosing an overheating economy with $6 trillion of unnecessary spending won’t spark inflation; politicians are rarely masters of economics, and Biden seems particularly innumerate, so there is no great surprise there.