This is a rush transcript from "Hannity," March 12, 2010. This copy may not be in its final form and may be updated.

SEAN HANNITY, HOST: And welcome back to "Waste 102." Now, we've cracked the top 20 on our countdown, and believe me, the wasteful spending only gets more outrageous from this point on. Let's take a look.


(voice-over) No. 19 takes us to Kentucky. Twenty-four million dollars in highway stimulus contracts were issued to companies associated with a contractor under indictment for bribery. Come on here. The way this administration is doling out your money, are bribes even necessary?

Amtrak comes in at No. 18. Congress awarded the money pit another $1.3 billion in subsidies, despite them losing money on more than 93 percent of its routes. Maybe they spent it all shuttling this guy around or producing this magazine.

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And who says that crime doesn't pay? A $21.8-million stimulus project to widen part of Arizona's Interstate 10 was awarded to another contractor with a shady past. This time, tax evasion. "TurboTax Cheat" Tim Geithner would be so proud.

Brooklyn, New York, and the Department of Veterans Affairs is No. 16 on our list. They will receive about $352,000 to replace existing dumbwaiters.

MOE HOWARD, COMEDIAN: Get on that dumbwaiter and send it right back up. Hurry.

HANNITY: Do people really still use those things? Save the money. You can take the stairs.


(on camera) And the state of Wyoming hit it big with this bill. And Sandra Smith is standing by to tell us all about it — Sandra.

SANDRA SMITH, FOX BUSINESS NETWORK CORRESPONDENT: Sean, Wyoming's wildlife hits the stimulus jackpot. Coming in at No. 15 is the $1 million deer underpass being built on the state highway. Wyoming's deer love to cross the highway at one particular spot, so this underpass will protect them from oncoming traffic.

Just one question, though: if the deer like crossing the highway so much, how much will it cost to teach them to use the underpass?

HANNITY: Wow, maybe next time they'll start creating something the people could, you know, actually use.

Well, I don't know if the next few items fit that bill. We go now No. 14.


(voice-over) Two Arizona universities received a combined $950,000 to study the division of labor in ant colonies.

UNIDENTIFIED MALE: Soldier, worker.

HANNITY: Well, there's your answer. And all it took was a quick trip to the video store.

And a town in Nevada will get a $2 million stimulus grant to build a new fire station. But here's the catch: the town cannot afford the crew. But hey, I'm willing to bet that, if the town gets back in line, the administration would be more than happy to give more of our grandkids' money away for a crew.

No. 12 takes us to the City of Brotherly Love, where $25,000 was awarded to the Pig Iron Theater Company. One of its latest productions, titled "Welcome to Yuba City," boasts dancing cowboys performing a clown ballet.


HANNITY: And No. 11 goes to Sykesville, Maryland, which received $25,000 of stimulus money. And they're spending it on, well, who knows? The town manager told the local paper, quote, "We haven't determined what we'll do it."


(on camera) All right. Now it's time for our top 10 most wasteful stimulus items.

No. 10, now all told almost two billion dollars of stimulus money has been spent on investing in wind power. But according to a study by American University, nearly 80 percent of the jobs created have gone to foreign manufacturers. And still liberals continue to block the Cape Wind project that would be in the view of the Kennedy compound in Hyannisport.

No. nine, Bozeman, Montana, is spending $50,000 to resurface a city tennis court. The project will employ two people for two days. Well, that's not even enough for a good doubles match.

No. eight, professors at Indiana University secured more than $200,000 to study why men don't like to wear condoms. Now, the quote, "stimulus" jokes aside, for the cost of a six-pack, well, you can go to any bar in the country and find out the answer to that one.

No. 7, the Massachusetts Highway Division has handed out millions of dollars in stimulus money to construction companies that have been convicted of defrauding the government in the past. One case, a company that still owes the government tens of millions in fines can use the stimulus money, well, to do what? Pay back the fines.

No. 6, the University of Alaska at Fairbanks used 50,000 stimulus dollars to send 11 students to Copenhagen for the failed climate change conference, using an estimated 54,000 pounds of carbon dioxide to make the trip.

No. five, $15,000 is being spent on a storytelling festival in Orem, Utah. Well, maybe one day someone will write a horror story about the ways your government chooses to squander your money.

No. four, more than $14,000 is being spent on doormats — yes, doormats — for the Army in Allen, Texas. Now, really, there isn't anything else I can say about this one.

No. three, almost $400,000 has been given to the State University of New York to study young people in Buffalo who smoke marijuana and drink malt liquor. Now participants in the study will be paid $45 each to get stoned and drunk and report back how they feel.

And the No. two entry on our list is a climbing gym in Boulder, Colorado, that has received more than $150,000 for a new solar panel array on its roof. Now, aren't there a few mountains in Colorado where people can climb actual rocks outside under the real sun?

And finally, we are here, and No. 1 will shock you. For that, we go to Ainsley Earhardt, who is standing by in Cambridge, Massachusetts, tonight — Ainsley.

AINSLEY EARHARDT, FOX NEWS CORRESPONDENT: Sean, No. 1 brings us here to Harvard University. This school got $9.3 million in stimulus money to build flying robotic bees, which they hope will one day help monitor traffic and even pollinate crops. We were in the community today, and this town was buzzing.


UNIDENTIFIED MALE: Probably isn't going to stimulate the economy in the short term, which is what the stimulus package was supposed to do.

UNIDENTIFIED MALE: I don't think Harvard is doing anything that's wrong or improper. And I work with this organization a lot, and they do a lot of great research.

UNIDENTIFIED MALE: It seems like a project like that, while certainly admirable, and could definitely contribute in some way in the future, would probably be best put on hold for a while.


EARHARDT: Did this$ 9.3 million project create any jobs? Well, according to Recovery.gov's Web site it created 1.66 jobs.

Well, we called Harvard, and they did give us a statement, and we're reading that, in part: "The three percent of stimulus funding provided for research was not only intended to create jobs immediately, it was also intended to stimulate economic growth, which is precisely what science funding does.

Designing and developing miniaturized flying robotic instruments that will prove useful in any number of ways, including surveillance applications on the battlefield and in weather forecasting, is an extremely important project."

So Sean, no one says that this project is not important. Folks here are just wondering how badly it will sting.

Back to you.

HANNITY: And thanks, Ainsley.

Now that we have reached the end of our countdown, we can give you the much-anticipated grand total. Let's take a look.

Now, over the last hour we have shined the spotlight on $4,891,645,229 recklessly spent by the federal government. And as millions of unemployed Americans know all too well, there is very little to show for it.

Now, if you'd like more information on any of the stories that we, you can covered visit our Great American Blog at FoxNews.com/hannity, and you can view the complete list . And I hope you will.

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