If you asked the average person how they feel about the Federal Reserve's latest economic projection that trimmed its estimate of 2014 U.S. GDP growth to a range of 2.1-2.3 percent, they would probably say that's not so hot -- not a recession, but quite depressing nonetheless.
The negative effects of Kansas' tax cuts are mounting: lower state revenues, serious cuts to services like education, and now lower growth forecasts and a downgraded credit rating. These cuts aren't setting Kansas up for economic success.
Mortgage applications are up 17%, new home sales are up 2.7%, existing home sales jumped. I'm not saying that everything is hunky dory, but it's hard to see the upside of looking only at the bleakest scenarios.