Thomas on Ending Bush Tax Rates: ‘God Knows the Federal Government Desperately Needs that Revenue'

Newsweek veteran Evan Thomas, who announced a few weeks ago his intention to leave the financially-failing magazine, issued a ringing call for why he hopes Congress and President Obama cannot agree on extending any of the Bush tax cuts, so income tax rates rise next year: "God knows the federal government desperately needs that revenue, so this is one case where I think gridlock is a good thing."