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Sold as a necessary response to dependence on China for the processing of rare earths and other critical minerals, it promises coordination, investment, and independence. What it will deliver instead is distortion, waste, and a fresh round of politically-driven malinvestment. There is, to be sure, a kernel of truth Top Causes of Uncontrollable US Public Spending and Debt Mon, 18 May 2026 09:39:21 -0500 Annual US public spending has been in deficit for decades.