The same Treasury muppets responsible for the Budget security fiasco now claim to have solved a problem that has defied the world's greatest minds for at least 4000 years - the definition of human wellbeing.

The optimistic view is that this Government's "wellbeing" claptrap is just the same sort of Wellington puffery that "social capital", "sustainability" and "innovation" were for the last three.

The good news is that so far this seems most likely. It is difficult to see that any of the major spending announcements in today's Budget would have been any different had the so-called "wellbeing dashboard"