The point I'd always make is there is a huge difference between having a bloody good go but failing to meet time, cost or performance; and knowingly wasting money and deliberately sabotaging projects for your own career ends.
The US may indeed have similar problems in always meeting T, C & P, but a question I'd ask, for example, is can they match the sheer incompetence and illegality of AMSO when, during Transition to War for GW1, they were actively scrapping our War Reserves? Lets face it, that takes some beating. (But I'm open to suggestions......).