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boom·dog·gle -noun

Pronounced: boom-dog-uhl

1. robbing Peter to pay Paul blows up in your face!
2. to rob or attempt to deceive the public: to boomdoggle home buyers into buying "over their budget" by offering low interest rates and no money down.
Can throwing large amounts of federal money at public works projects jump-start our economy and lead to prosperity or only result in an expensive and wasteful boomdoggle.
by Mitch Bashore February 24, 2009