Should nuclear waste hold up the use of nuclear energy?

With the Obama administration saying nuclear energy being essential to providing the nation with reliable and clean energy, what do you do with the spent nuclear material? It had been said we have tons of the stuff sitting around already that we can’t find a way to dispose of (CBS evening news). How hard could it be to get rid of the stuff? It might not be real cheap but possible. It could be sealed in cylinders and dropped in the throat of live volcanoes letting the magma take care of it. Shoot in into space in a rocker bound for Mercury or the Sun and let the cosmos take care of it. The scientist and such should start now because eventually we will all be dead the oil will run out and you don’t want to be the only one left with out a chair when the music stops.