Squandermania
Wiktionary, Creative Commons Attribution/Share-Alike License
noun.
excessive
expenditure
by a
government
on a supposedly
prestigious
project
WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
noun.
prodigious squandering (usually by a government)
Word Usage
"The Government has been accused of "squandermania," wasteful spending."