Liberals lower deficit … to clock in at only billions more than they promised

It’s prudent financial planning to play up your expenses while downplaying your revenues. It greatly decreases your odds of coming up short.

This is what financial planners recommend families do to get their personal budgets on track. It’s what more governments should do. But Prime Minister Justin Trudeau and Finance Minister Bill Morneau have picked a really odd version of this accounting method.

I laughed pretty hard reading this headline in Bloomberg News on Tuesday: “Canada beats deficit forecast by $5.3 billion on lower spending.

Sounds pretty good, no?