Senator Tom Coburn (R-OK) has put out a new study on government waste called “Wastebook 2010.”  This report proves that the federal government is a poor allocator of resources.  Somebody please alert billionares Warren Buffett, Ted Turner, Bill Gates and Tom Steyer that higher taxes will not necessarily lead to a more efficient and effective federal government.

Senator Coburn said yesterday that “as 2010 ends, millions of Americans are still struggling to find work.  Even those lucky enough to have jobs have had to tighten their belts.  Yet, Congress continues to find new and extravagant ways to waste tax dollars.  In today’s economy, we can’t afford to spend nearly $2 million to showcase neon signs no longer in use at Las Vegas Casinos, nor can Congress and federal agencies afford to spend nearly $1 billion a year on unnecessary printing costs.”  Maybe keeping taxes low will lead to more private stimulus and less government waste.

Senator Coburn’s report cited these examples of waste in a press release:

Until the federal government can defund these projects, don’t believe politicians who tell you that the federal government is running out of money for essential programs.  The federal government does not have a problem with not enough revenues; it has a problem of overspending.  Senator Coburn has done it again and all Americans should welcome this educational Christmas present from one politician inside the Washington beltway.