go down the drain

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Related to going down the drain: wash off, lined up, soaks up

go down the drain

To fail; to be ruined or destroyed; to be squandered or wastefully discarded. My father's company is now going down the drain because of the incompetent new CEO. All of our savings have gone down the drain ever since Jack had his little gambling spree in Las Vegas.
See also: down, drain
References in periodicals archive ?
He said: "The water has been gushing away, coming out of the pavement and going down the drain.
I think Caernarfon Town is probably nearer going down the drain than the obscene remark on the T shirt indicates.
Meanwhile, thousands of pounds of triclosan--the active ingredient in antibacterial soaps, deodorants and household cleaners--are also going down the drain into our waterways.
The blameless victims are understandably angry as they see a lifetime's hard work going down the drain.
All too often, this oil winds up going down the drain, on the ground or into the trash.
Other images, such as a scale attempting to balance money and retirement goals, money going down the drain or flying away in a paper airplane, and an hourglass reminder that time is money, communicate powerful business concepts in a lighthearted way.
There's no point in trying to put the world right (which he won't) when his own country is going down the drain.
IT has finally emerged why football has been going down the drain.
We felt the best way to respect that location was to install a system that enables us to keep dirty water from going down the drain while saving water at the same time.
My relationship is going down the drain, but when I suggest we take a break, he says we can work through it, but I don't think we can.
It's called the Water Service - and if local politicians don't back a non-payment campaign to stop privatisation, no amount of barrels in the garden will stop that system going down the drain.