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1. To take a functioning, well-regarded institution or initiative and, through a combination of breathtaking incompetence and shameless cronyism, transform it into a smoldering ruin of wasted public funds — while ensuring that one's spouse, college roommates, campaign donors, and third cousins twice removed emerge inexplicably enriched. 2. (informal) To announce, with great fanfare and a podium, the launch of an ambitious project that will quietly disappear — unfinished, uninvestigated, and over-budget — approximately fourteen months later.
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