Government Construction Spending Plummets to Nearly 7-Year Low
http://www.governing.com/blogs/by-the-numbers/government-construction-spending-data.html

Sounds to me like while government tax revenues are up, the government isn't spending it on construction and infrastructure....they're spending it on Medicaid costs and underfunded pensions, or building their reserves back up.

Construction spending had been rising dramatically until about 2007, when it totally imploded and dropped back to levels not seen since the late 90's. Now, it's back up slightly to about the levels we were seeing in 2001-2002.
http://www.economicpopulist.org/cont...ed-09-may-2012


Bright side, private construction spending is at least improving...which is another bellweather indicator that the economy may be slowly getting better...but I think it's a stretch to call it "Good" yet.

The economy is far from good....the "real number" of unemployed and underemployed is probably something like 27 Million (crappy June jobs report)....the Central Banks have lowered interest rates in July, which points to the possibility of preemptive action before an impending downturn....and business inventories rose 0.3% in May, compared to sales that fell -0.1%. (That's a negative indicator for business.)

I follow a website called "The Economic Populist" which tends to cut to the chase and not spew a bunch of partisan crap. They look at economic indicators and facts.