Saying they squandered the money makes it sound like they spent it and got no results. In fact it has not been spent. They were just slow to work out the detail

Saying they squandered the money makes it sound like they spent it and got no results. In fact it has not been spent. They were just slow to work out the details for how states could apply and in processing those applications. They got through that and several states had their applications approved and were just waiting for the money to actually start building. The new administration stopped that and rescinded all the approvals, made various changes to the program (which will result in many areas that would have gotten high speed broadband that would be sufficient for decades getting slower broadband that will be obsolete much sooner), and now everyone has to reapply again.