For the public sector as a whole, the Nat'l Income and Product Accounts separate consumption and investment.
By coincidence I was looking at the Federal numbers the other day. Overall Federal investment is negative, according to the Gov -- depreciation exceeds new spending. The source of this is the defense sector. Take that out and net investment is positive, though no great shakes.
mbs
Where can you find the time series data on this? Has anyone taken up Eisner's suggestion and developed time-series estimates for how much of "G" has been govt. consumption and how much govt. investment?
Michael McIntyre