They are spending a ton of money in Florida. Might not be what we want it spent on, but they are spending the money. New Fantasyland, Avatar, other AK expansions/upgrades, AoA, DVC, Disney Springs, Hub Re-do and a million other things currently blocked by walls and scrims (and about a 90+% chance of a Star Wars Land)
I agree that had I controlled the wallet, I might have chosen different projects, but that doesn't mean it isn't being spent. New attractions are sexy, they are fun, but increasing capacity and allowing more access to more people is a huge deal. Right now Disney seems focused on capacity issues (bigger buses, hub redo, added dock at TTC, FP+ and some other test programs). Not very pretty, but needed. Imagine a Soarin' upgrade with a new film (also currently an extremely likely reality). How often do you go to soarin'? On an average trip to WDW I go to epcot twice...But I only go to soarin once (the line is too long, and I use my other FP on TestTrack). I am certain that a new film would make me go twice, or more. Now multiply that by the numbers of people that go to Epcot... the lines would be even more outrageous than they are now.