$1.75 trillion for Biden's agenda is a lot, but is it enough?

President Biden on Thursday unveiled a framework for a $1.75 trillion Build Back Better domestic spending plan, a major step in the effort to turn his signature legislative goal into reality.

In a speech promoting the plan, Biden said it represents “historic investments in our nation and in our people.” There’s truth to that claim. The bill includes $555 billion to combat climate change, which would be by far the most substantial climate investment ever made by the federal government. It would also establish a nationwide universal preschool program, provide money to help families...