Excessive expenditure by a government on a supposedly prestigious project(noun)
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Use "squandermania" in a sentence
"The Government has been accused of "squandermania," wasteful spending."
"Unwillingness to confront Osborne's traditional Treasury supremacism is leaving Cameron as vulnerable as was Tony Blair to squandermania, to centralist initiatives that always end in higher spending."
"The first is an apology from the Prime Minister in respect of a murderous incident across the road from the stadium whereby the squandermania flag flies."