Read it and weep. Here are your federal tax dollars at work.

After a $1 billion investment that produced “negligible” value, the Air Force is formally scrapping a next-generation logistics management system, officials announced Thursday.

The Expeditionary Combat Support System (ECSS) program is “no longer a viable option” for meeting a fiscal 2017 deadline for having auditable books, Air Force spokesman Ed Gulick said in a statement. “Therefore, we are canceling the program and moving forward with other options.” 

Hey, look at it this way. When you’re $16 trillion in debt and counting, what’s a mere $1 billion anyway. Sadly, there are many people who believe just that.