Construction spending by federal, state and local governments has reached record levels, lifting the economy and employing some blue-collar workers despite a collapse in home building. Full Story »
Posted by Kaizar Campwala
This USA Today article gives a disjointed narrative of government at all levels trying to put money into ostensibly economy enhancing projects. The construction figures are an apparently random selection from states and localities. Included are schools and colleges, roads and bridges, mass transit, airports, a courthouse but "You don't want to spend money on fireworks or a monument to the mayor." There is no federal funding specified, although some use matching funds, mostly approved prior to our current financial panic, and what constitutes a good investment in the future isn't discussed.
