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Every year Sen. Tom Coburn (R-Okla.) compiles a “Wastebook” detailing Washington’s questionable government spending. This year’s “Wastebook” features 100 examples of wasteful spending, totaling $30 billion. Not enough time to read the full “Wastebook”? No problem, we did it for you. Check out our Wastebook Cliff Notes below for a brief summary of the most outrageous cases of wasteful spending.
On Dec. 18, Sen. Tom Coburn (R-Okla.) released his annual “Wastebook” documenting questionable government spending during FY 2013. The report identifies 100 examples totaling more than $30 billion in questionable federal expenses. The spending examples range from questionable grants awarded by the National Science Foundation for wineries all the way to extra costs incurred due to the government shutdown. Here are a few of the examples highlighted in the report.
The numbers say it all: Washington has spent its way into a fiscal crisis. This unsustainable habit will have consquences on future generations unless Congress can work together and enact lasting change.
The U.S. Treasury Department announced yesterday the federal government ran a $135. 2 billion deficit during the month of November. We take a look at this number, and what else is buried in the Treasury Department’s monthly statement of U.S. finances, in today’s “Breaking It Down.”
Last night Senate Budget Chair Patty Murray (D-Wash.) and House Budget Chair Paul Ryan (R-Wis.) announced they’d arrived at a deal on the fiscal year 2014 budget. Their announcement was either three days early – based on the agreement that ended the government shutdown they had until Dec. 13 to announce a plan – or awfully late, if you consider April 15 is the date by which Congress is supposed to finish up its budget resolution.
Rank and file members of Congress earn $174,000 a year, or $3,346 per week. For that money, last week got some pretty funny deleted Tweets (but no long-term plan to address the nation’s debt and deficit issues).
Last week the Congressional Budget Office released a report that offered members of Congress more than 100 ways to reduce the federal budget deficit. The list included some spending cuts and some tax increases. It also included recommendations for raising funds through the nation’s regulatory structure.
The Congressional Budget Office announced yesterday that the federal government could use extraordinary measure to avoid reaching its current debt limit until March … or maybe June. With that announcement, we thought we would reminder readers exactly where our national debt stands … which we also hope will remind readers how urgent it is that Washington come up with a plan to reduce it.
The “Federal Matters” story continues as our family receives some unexpected Thanksgiving guests, courtesy of Uncle Beltway.