From Study X, Exhibit 13

Twenty-four programs that were canceled, missed their goal or measured their losses

ProgramYearsCost ($bn, as reported)What happenedSource
Canceled or written off
Afghanistan reconstruction2002–2021148$148B appropriated, about 60% for Afghan security forces that dissolved in August 2021; SIGAR identified $26–29B lost to waste, fraud and abuse and $7.1B of equipment left behind.SIGAR, final report (December 2025), as reported by Defense One
California high-speed rail2009–4The $4B federal grant was terminated in July 2025 after the FRA found it could not deliver its early operating segment by 2033; estimated cost rose from $33B (2008) to $89–128B; 171 miles under construction in the Central Valley, no train running.ABC7 / Associated Press, July 17, 2025
Constellation-class frigate2020–20253Twenty ships planned on a proven Italian design; redesigned until, in GAO’s words, the frigate “now bears little resemblance to the parent design”, three years late and overweight. Canceled November 2025 with two hulls half-built; $3B remains to finish them and settle the yard.Defense News, November 26, 2025
Superconducting Super Collider1989–19931.57Terminated by Congress on October 28, 1993, after about $1.57B was spent, when the projected cost had risen from $5.9B (1989) to between $11B and $13B.DOE Office of Inspector General, DOE/IG-0389 (April 1996)
Iraq reconstruction2003–2012The Special Inspector General for Iraq Reconstruction’s final report (2013) counted $60B spent; many projects were never completed or were abandoned by the Iraqi government.SIGIR, Learning From Iraq (March 2013)
Army Future Combat Systems2003–2009A networked family of manned and unmanned vehicles; about $18B spent with no vehicle fielded.GAO, Defense Acquisitions: Assessments of Selected Weapon Programs (GAO-09-326SP)
Expeditionary Fighting Vehicle1996–2011Marine Corps amphibious vehicle; some $3B spent in development.GAO, Defense Acquisitions: Assessments of Selected Weapon Programs (GAO-09-326SP)
Yucca Mountain repository1987–2010About $15B spent studying and licensing the nation’s nuclear-waste repository before the administration withdrew the license application in 2010.GAO-11-229 (April 2011)
MOX fuel fabrication facility2007–2018Built at the Savannah River Site to dispose of surplus weapons-grade plutonium; construction began in FY2007 at an estimated $4.8B; by FY2016 the estimate was about $17.2B, with operations as late as 2048. NNSA terminated the contract in October 2018.DOE Office of Inspector General, DOE-OIG-20-16 (December 2019)
Solyndra loan guarantee2009–2011A $535M Energy Department loan guarantee to a solar-panel maker that went bankrupt in 2011. The loan program as a whole has since returned more in interest than it lost, which is the counter-case.DOE, Energy Dominance Financing portfolio performance; GAO-15-438
Missed the goal
F-35 Joint Strike Fighter2001–2,000Lifetime cost over $2 trillion; $1.6 trillion of it sustainment. GAO (June 2026): mission-capable rate fell from 67% to 44% between FY2021 and FY2025, full-mission-capable from 38% to 25%, with incentive fees paid “for performance that did not align with service requirements”.GAO-26-108113 (June 11, 2026); GAO-24-106703 (April 2024)
VA electronic health record2018–48Estimated at $10B over ten years in 2018; VA’s own estimate is now about $48B ($37B to deploy through 2031 plus $11B to sustain); it went live at 11 sites in 2026. GAO: 4 of 18 recommendations implemented.Military Times, September 3, 2026
Zumwalt-class destroyer1998–23.1Up to thirty-two ships planned, three built; the guns they were built around were never supplied with ammunition after the round’s projected price reached at least $800,000.CRS, RL32109 (December 5, 2025)
Healthcare.gov launch2010–20140.8The federal insurance marketplace failed on launch in October 2013 and was rebuilt within months; HHS’s Inspector General found 60 contracts with an original estimated value of $1.7B; nearly $800M obligated and nearly $500M paid by February 2014.HHS OIG, OEI-03-14-00230 (January 2015) and OEI-03-14-00231 (August 2014)
2010 Census handheld computers2006–20080.596Handhelds built to replace paper for the door-to-door count failed in testing; the Census Bureau reverted to paper for the follow-up in 2008. The contract was awarded at up to $596M; by June 2008 the contractor estimated about $1.3B and the government’s independent estimate was about $726M (GAO).GAO-08-550T (March 2008); GAO-08-886T (June 2008)
Littoral Combat Ship2005–35 ships procured through FY2019 (CRS); USS Fort Worth was decommissioned in July 2026 after nearly fourteen years of service.CRS, RL33741 (December 17, 2019); The Defense Post, July 31, 2026
Pentagon financial audit2018–2025Eight consecutive failed audits of $4.65 trillion in assets; 26 material weaknesses in FY2025; the only one of 24 major agencies never to pass. Target for a clean opinion: 2028.Defense News, December 19, 2025
NASA Constellation and SLS2005–Constellation was canceled in 2010 after about $9B; its successor, the Space Launch System, has a cost NASA’s Inspector General puts above $4B a launch.NASA OIG, NASA’s Management of the Artemis Missions (IG-22-003, November 2021)
Job Corps1964–Residential job training. The Labor Department’s 2025 transparency report: 38.6% graduation rate, $80,285 per student per year, $155,601 per graduate, $16,695 average post-program earnings. DOL paused the centers in May 2025.DOL news releases, April 25, 2025 (transparency report) and May 29, 2025 (pause)
Head Start1965–HHS’s own randomized Head Start Impact Study (2010, 2012) found the cognitive gains of the program year had faded by third grade; FY2025 improper payments $1.2B. Defenders cite long-run health and attainment effects in other studies.HHS/ACF, OPRE Report 2012-45 (December 2012); PaymentAccuracy.gov, FY2025
Measured losses
PPP and EIDL loans2020–2022200The SBA Inspector General identified $200B in potentially fraudulent loans and grants out of $1.2T disbursed — 8% of PPP and 33% of EIDL; by June 2023, $399M had been seized or forfeited, $509M ordered in restitution, and nearly $30B of EIDL funds seized or returned.SBA OIG, Report 23-09 (June 27, 2023)
Pandemic unemployment insurance2020–2023100–135GAO estimates $100–135B of pandemic unemployment benefits was paid to fraud — 11–15%; the FY2021 improper-payment estimate for UI alone was $78.1B.GAO-23-106696 (September 2023); PaymentAccuracy.gov
Medicare Advantage2006–76MedPAC (March 2026): Medicare pays plans about 14% more than the same beneficiaries would cost in traditional Medicare — $76B in 2026, from favorable selection (11%) and coding intensity (4%). Separately: $23.7B of improper payments in FY2025.MedPAC, March 2026; PaymentAccuracy.gov, FY2025
Shuttered Venue Operators Grant2021–202210.1The highest improper-payment rate among FY2025 estimates: 68.9% of the program’s payments, $10.1B.PaymentAccuracy.gov, FY2025 dataset

Source. Inspector-general, GAO, CRS and agency findings and press reports, cited row by row; the firm’s own selection. SIGIR’s final report (Iraq), the Labor Department’s releases (Job Corps) and GAO-15-438 (Solyndra) could not be retrieved.

Method and data

Method. The program list is editorial. Selection favored cases with an inspector-general, GAO or CBO finding and a stated cost; the costs are not comparable and are not summed. Each cost is as its cited source states it: appropriations (Afghanistan); the federal grant terminated (California rail); the remaining cost to finish and settle (Constellation); spending at termination (Super Collider); procurement of the three ships ($9,450.8M and $4,342.4M) plus about $9.3B of research and development (Zumwalt, CRS); lifetime cost (F-35); VA’s own estimate to deploy and sustain (VA record); the not-to-exceed value at award (Census handhelds; the contractor’s June 2008 estimate was about $1.3B against MITRE’s independent $726M); obligations to February 2014 (Healthcare.gov); potentially fraudulent loans and grants (PPP and EIDL); GAO’s estimated range of fraud (pandemic unemployment insurance); MedPAC’s 2026 estimate of payments above traditional Medicare (Medicare Advantage); the FY2025 improper-payment estimate (Shuttered Venue grants). A blank cost is one the cited source does not state: the Pentagon audit’s $4.65 trillion is assets audited, not a cost; GAO-11-229’s $15.4 billion for Yucca Mountain is liabilities; and the older cases’ costs in the text (Iraq, Future Combat Systems, the Expeditionary Fighting Vehicle, Yucca Mountain’s $15B spent, NASA Constellation, Solyndra) were not confirmed in a retrieved source (October 5, 2026). The F-35 and the Pentagon audit are included as the largest instances of a program and an institution not meeting a stated standard, not as “failed” weapons or a failed department. The counter-case is given where one exists (Solyndra’s loan portfolio, Head Start’s long-run studies). Rows are grouped by category and ranked by cost within each.

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Higgins Strategy. “Twenty-four programs that were canceled, missed their goal or measured their losses” Exhibit 13, The Debt, the Waste and the Tax (Study X). October 12, 2026. https://higginsstrategy.com/charts/10-08-failed-programmes/