"Wastebook" report singles out $30B in federal spendingSubmitted by barracuda_trader on Tue, 12/17/2013 - 12:20
One million dollars to build a bus stop in Virginia. Five million for customized crystal stemware. Those are just some of the items paid for by the federal government last year. A new report out Tuesday by a prominent Republican senator, called the "Wastebook," details $30 billion in questionable spending.
The annual, lengthy account features 100 examples of federal costs.
Some of the numbers are staggering, such as the $7 billion worth of U.S. military equipment being destroyed as U.S. troops pull out of Afghanistan, or the nearly $1.5 billion to keep the lights on in unused or underutilized federal buildings.
Then there's spending that just seems silly, such as a nearly $1 million grant for something called the "Popular Romance Project" -- a website and documentary that celebrates romantic movies, books and pop songs.
The list goes on: $2 million to renovate a rarely-visited Civil War grist mill in Virginia, and $3 million for NASA employees to attend seminars on how Congress works.
The "Wastebook" is the work of Sen. Tom Coburn, R-Okla., a longtime deficit hawk. He said to CBS News' Nancy Cordes in a recent interview, "Where was the adult in the room when this was going on? … (The report is) a compilation of about $30 billion of stupidity, incompetence, and waste."
By comparison, the compromise budget Congress struck last week cuts the deficit by just $23 billion over 10 years.
Report Pdf http://www.scribd.com/doc/192039604/Wastebook-2013FINAL
Report Video http://www.cbsnews.com/news/wastebook-report-details-30b-in-...