And what they have found is, unsurprisingly, a monstrous fucking mess.
We all know that Gordon Brown and his laughably inept minions pissed far more money down a variety of drains than we actually had, but what is now becoming clear is that - with the election looming - they accelerated the rate of pissing, and threw away as much of our money as they could.
Those Ministers who were deluded enough to believe that Labour might win the election pumped cash into margin seats, bribing voters to stay with the red team:
"£420m of school building contracts, many targeting Labour marginals, signed off by Ed Balls, the former schools secretary, weeks before the general election was called"
Just when you thought it wasn't possibly to hate that blinky git more, he raises his game, and leaves you pining for a chance to smash his stupid smug face in.
Those who suspected, rightly, that they didn't have a hope, decided to leave a nasty little surprise for whoever came to replace them, in that tribal, vindictive style that characterised the last Government.
Lib Dem Danny Alexander believes that Labour may have been reluctant to do a coalition deal with the Lib Dems because they knew what was in store for an incoming government. He put it delicately:
".. one of the things they've been doing over the past few months is laying a few stink bombs around Whitehall, and maybe some of them knew that and didn't want to be there when they went off"
Right. CF would have talked more in terms of turds in drawers and piss in kettles, but yes, we get the picture.
So, now the ConDems have got their work cut out. Dave, George, Nick and Vince are going to have to give the bloated, complacent public sector a right fucking shoeing.
Already, the boy wonders (and Vince) have announced that they're going to scrap bonuses for senior civil servants: a start, but a drop in the ocean.
The upcoming emergency budget is going to be painful. Really, really painful. A shit load of savage cuts, and hikes in taxes to plug the gaps.
Bring it on.