go down the drain

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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 ?
Javed Iqbal headed Abbottabad Commission and Memogate Commission, whose reports have went down the drain.
Hard-earned nest eggs went down the drain as a result of disgraced former boss Fred Goodwin's reckless gambles.
All this went down the drain with the soft Labour Government of 1949 when they got rid of the death penalty, hard labour and the birch.
Almost pounds 35,000 went down the drain in repair charges yet not one culprit was disciplined or fined for downright carelessness.
PLUMBING giant Wolseley has announced 600 more job cuts as profits went down the drain.
You expect that after maybe three but as soon as we conceded the game went down the drain.