It’s here! Wastebook 2013
U.S. Senator Tom Coburn has released his annual
2013”. Coburn, the Republican from Oklahoma is a member of the
Homeland Security and Governmental Affairs Committee. This report
provides the Senator’s opinion of the 100 worst examples of wasteful
spending totaling approximately $30 billion dollars.
The report is a must read for those that question whether our tax dollars are spent
wisely. Whether or not these are actually the worst 100 are of course
subjective. But you will find them interesting.
As an example, there are only about 19 brothels left in the U.S. and all are located in
Nevada. Yet these 19 were able to write off $17 million in taxes, even
though the profession is illegal in most of the country.
Another entry in the report is a result of logistics. With the wind-down of the war in
Afghanistan, it was decided that instead of shipping $7 billion dollars
of equipment back to America, that it should be destroyed.
There are plenty of (relatively) smaller projects, like the $1 million dollar bus
stop in Arlington VA. Hard to imagine, but true. As for price per square
foot, that’s expensive real estate.
And for those that have an identity crisis, one could always ‘buy’ friends – as the
State Department did when it paid $630 thousand to buy ‘likes’ on
Facebook and Twitter for its own accounts.
But hey, you will need to choose your own. There are another 96 and those are just
the ones that made the publication. Happy reading!
Mark Schuster, Partner
December 27, 2013