The legend of Out-Of-Control Government Expenditures is alive and well. Back in the 1980s, reports of the US government paying $400 for a hammer and $600 for a toilet sparked outrage. And now, late last month, came the news that the Justice Department had
paid $16 a piece for muffins at a 2009 conference. But just as the hammer and toilet weren't really as expensive as they seemed, it turns out that the price of the muffins was an
artifact of accounting. The $16 included the entire continental breakfast, service, and taxes. Of course, while the government may not be paying premium price for muffins, those bailouts to the bankers did seem a little steep.
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