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The week's question
In March 2025, in the thread "Re: OT, out", Umm asked the members: "Do you think it is because America is made up of magical soil that makes businesses based in America magically profitable?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Personal Finance / Macroeconomic Trends & Risks
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Author: Steve203 ⎊❂🐝 HONORARY
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Number: of 4582 
Subject: Re: Time 4 USA to Build Rare Earth Processing Plants_Q
Date: 10/21/25 5:00 PM
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That was the theory behind nuclear waste repository on Yucca Mountain. Didn’t work out, somehow.

iirc, the facility was essentially completed, so the contractors made their profit off it. "Mission accomplished". Just like defense contractors that milk the "development" phase of a weapons system contract, but then the program is cancelled with little, or nothing, actually built for deployment. Remember the Clinch River fast breeder reactor project? The pump seal company I worked for was involved in it. According to the Google net sifter, $1.7B has been spent ($5.63B in 2025 dollars according to the BLS calculator) What did we get for all that money? Nothing.

What the contractors had been paid for, up to 1983, according to the net sifter:

What was completed: By 1983, design work was over 90% complete and major components worth hundreds of millions of dollars were finished or on order. Site preparation was also essentially completed

Steve
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