$788 billion in gov't waste?

Last year, The Fiscal Times highlighted a GAO study that found:

• Eleven federal agencies continue to operate 94 separate initiatives to spur energy-efficient construction in the private sector.
• Nine agencies or departments lead programs to safeguard food and agricultural systems from natural disasters and terrorist attacks.
• Thirteen agencies spend a total of $30 million annually funding 15 separate financial literacy programs.

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The study prompted Sen. Tom Coburn (R-OK) to tell a congressional committee, “Today’s findings are a testament to failed congressional efforts of oversight and a reminder Congress continues to shirk its duty to address even blatant areas of waste and mismanagement of taxpayer funding.”

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