blow a hole in

blow a hole in (something)

1. To point out or expose the flaws in something. I hate to blow a hole in your argument against relocating, but the cost of living actually isn't that high there.
2. To take, use up, or deplete a large amount of money available in something, such as a budget, one's wallet, etc. The cost of repairing the car is really going to blow a hole in our savings. Tammy's private piano lessons are blowing a hole in my wallet!
See also: blow, hole

blow a hole in

ruin the effectiveness of something.
See also: blow, hole
References in periodicals archive ?
After all, just about everyone would welcome a policy that would blow a hole in the deficit.
So we assumed that the president misspoke, that he meant to say something else - such as that a big tax cut would blow a hole in his deficit-reduction program or blow a hole in the budget itself.
Could they be fearful that the proposed tax cut just might blow a hole in Dole's deficit in the polls?