layar-recoveryLayar has just received a surprisingly topical addition to their iPhone and Android augmented reality application in the form of a Recovery.gov layer that shows you where your tax dollars went in the recent federal bailouts, and how much.

As of today Android and iPhone 3GS users can see recovery.gov contract data on their phones via the Layar augmented reality application. Layar is an application that overlays your view of the real world with waypoints representing your favorite coffee place, the movie theatre you’re trying to find, or in this case, where some of that $787 billion from the American Recovery and Reinvestment Act is going.

They’ve integrated the data via an existing KML (Google Maps) dataset on the Recovery.gov website.

via Sunlight Labs: Blog – Recovery.gov Augmented Reality Mashup.