Wow, we have been wasting billions of dollars in tax payers' money. Obama called for a detailed report to discover areas of spending that may be redundant or just plain dumb. What they found--546 such programs that fell into one of these categories. Even republicans are stating the obvious, "[This] makes us all look like jackasses."

Stephanie Condon (CBS) - KBZK

The federal government could save billions in taxpayer dollars annually by consolidating duplicative government programs, according to a new report.

The newly-released report from the Government Accountability Office "makes us all look like jackasses," Sen. Tom Coburn (R-Okla.) told reporters Monday night.

The conservative senator said the report -- which identifies redundancies in more than 546 individual programs -- reveals why the United States is $14 trillion in debt.

"Anybody who says we don't look

like fools up here hasn't read the report," he said.