President Trump’s first budget is out. And it’s not great. For a start, it completely ignores the need for entitlement reform. Indeed, the word “entitlement” does not appear once. And the debt’s biggest ally, “Medicare”, only appears in the budget’s charts.

To borrow a Trumpism, this is sad. As I’ve explained, the failure to reform entitlements is economic insanity. It will bury the nation in debt, and restrain the opportunities available to future generations.