Are you kidding? The government LOVES to overpay for underwhelming software.
While it happens, there are many projects and efforts that are tightly controlled, managed, and executed.
And when projects go off the rails, people are generally pretty unhappy. The government is huge though, so bad apples and bad actors exist... but it's not accurate to write hyperbolically as you do.
Yes it is. Give me 5 on-time, on-budget IT projects I'll give you 50 that flopped.