As for “cheaper” - citation needed. Especially for handling base load requirements in reliable and predictable ways. Most of the cost around nuclear power, especially in the United States, is from bloated, ineffectual policy decisions designed to artificially suppress it.
I do agree we should be doing more with the existing “waste” - we should be burning it in better reactor designs instead of burying or storing it. Note I didn’t say newer or modern designs - we have had the technology since the 50’s to burn what we (ridiculously) term “waste” today but it wasn’t pursued for numerous political and ill informed social issues. These designs also coast to a natural stop if their support systems are interrupted, negating the problems of active systems (like cooling) failing leading to problems in most of our currently deployed reactors.