"Wasteful spending" refers to the unnecessary or excessive use of money on things that are not essential or do not provide value. It means spending money in a way that is not efficient or beneficial. Full definition
Point is, there are a lot people that can't afford health insurance and there is a lot of wasteful spending and massive profit margins on the corporate side. (religion.blogs.cnn.com)
Many families can see an immediate reduction in monthly expenses of 20 % to 30 % simply by eliminating wasteful spending. (stockmonkeys.com)
He knows we have to balance the budget, and do it in the right way by cutting wasteful spending and not giving more tax breaks to millionaires. (nystateofpolitics.com)