Much in politics is unpredictable, but some things are very predictable. For example, when Mark Carney unveiled his “Spend Less, Invest More” slogan and proposed to separate federal finances into an “operating budget” which he would balance in three years and another “capital budget,” it was entirely predictable that he would actually spend more but try to disguise it by re-categorizing spending as capital investment according to criteria invented by him that does not conform to any sort of accepted accounting principles.

The evidence that this was entirely predictable is that just about everyone did predict it. And in Carney’s first federal budget , those predictions have come to pass. “The government is playing with the very definitions of capital and operating budgets by shif

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