Frank: Pot, Online Gambling Better Than Wall Street Gambling

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04/24/09 10:38 AM

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There's freedom, and then there's "total freedom," Rep. Barney Frank (D-Mass.) told a right-wing news service, CNSNews.com, on Friday, engaging the outlet in a debate about personal responsibility.

For Frank, the free exercise of individual choice is legitimate, and should be made legal, as long as those decisions don't harm the broader population. "I would let people gamble on the Internet," Frank said. "I would let adults smoke marijuana. I would let adults do a lot of things, if they choose."

That freedom ends when individual liberty imperils the global economic structure, he said. "But allowing them total freedom to take on economic obligations that spill over into the broader society? The individual is not the only one impacted here, when bad decisions get made in the economic sphere, it causes problems."

Frank's formulation echos the libertarian credo that one person's freedom to swing a fist ends where another's nose begins.

Frank raised the issue of online gambling, he told CNS, because his Republican counterpart on the Financial Services Committee, Rep. Spencer Bachus (R-Ala.), is a fierce opponent of online gambling while being okay with loose regulation on Wall Street.

CNSNews.com had asked Frank about comments Bachus had made at a committee hearing Thursday on mortgage reform. "You're substituting the government's decision for the individual's decision in whether they can afford it," Bachus had complained of the legislation. "If you can't afford it, don't buy it."

Frank pressed the difference. "We're not just talking individual responsibility," he said. "We have a world-wide economic crisis now, because of this. If it were purely individual responsibility, OK, that's why I disagree with the ranking member."

Ryan Grim is the author of the forthcoming book This Is Your Country On Drugs: The Secret History of Getting High in America


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There's freedom, and then there's "total freedom," Rep. Barney Frank (D-Mass.) told a right-wing news service, CNSNews.com, on Friday, engaging the outlet in a debate about personal responsibility. ...
There's freedom, and then there's "total freedom," Rep. Barney Frank (D-Mass.) told a right-wing news service, CNSNews.com, on Friday, engaging the outlet in a debate about personal responsibility. ...
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He's got my vote!

    Favorite    Flag as abusive Posted 12:47 PM on 04/24/2009
- Coinyer101 I'm a Fan of Coinyer101 734 fans permalink
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BARNEY FRANK FOR PRESIDENT IN 2012!

    Favorite    Flag as abusive Posted 12:41 PM on 04/24/2009
- Coinyer101 I'm a Fan of Coinyer101 734 fans permalink
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For Frank, the free exercise of individual choice is legitimate, and should be made legal, as long as those decisions don't harm the broader population. "I would let people gamble on the Internet," Frank said. "I would let adults smoke marijuana. I would let adults do a lot of things, if they choose."

I love this guy.

    Favorite    Flag as abusive Posted 12:39 PM on 04/24/2009
- -0013 I'm a Fan of -0013 11 fans permalink

In the past he tried to legalize prostitution out of his home in Boston so this isn't that much of a stretch.

    Favorite    Flag as abusive Posted 12:48 PM on 04/24/2009
- Agent420 I'm a Fan of Agent420 50 fans permalink
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Is your handle your IQ?

    Favorite    Flag as abusive Posted 02:37 PM on 04/24/2009
- MAUIMONKEY I'm a Fan of MAUIMONKEY 15 fans permalink
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Legalize prostitution out of his home? Dude, 420 day was last week. How come you're still so high?

    Favorite    Flag as abusive Posted 02:40 PM on 04/24/2009
- nolabels I'm a Fan of nolabels 123 fans permalink
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He was right about that too...

    Favorite    Flag as abusive Posted 04:08 PM on 04/24/2009
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You are a sad shallow person. It is because of people like you, we have so much discontent in this country.

    Favorite    Flag as abusive Posted 04:55 PM on 04/24/2009
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co-sign, my friend

    Favorite    Flag as abusive Posted 03:08 PM on 04/24/2009
- Coinyer101 I'm a Fan of Coinyer101 734 fans permalink
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Wow! fanned! I have a new hero! name of formerprosecuter! I like Norm Stamper's articles, here. he's another hero to individual liberties.

    Favorite    Flag as abusive Posted 09:27 PM on 04/24/2009

interesting exchange....wonder how Libertarians will react to barney's comments.....personally, I find it somewhat difficult to refute in the abstract......however, gambling addiction does impact others....how about gambling away the rent money and grocery money leaving your family vulnerable..... no one lives in a vacuum and acts which seem, at first glance, personal, are often far more complex..

    Favorite    Flag as abusive Posted 12:29 PM on 04/24/2009
- Coinyer101 I'm a Fan of Coinyer101 734 fans permalink
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i live 30 minutes from the casino, and we go about once a week, for some 'time out', and a chance to win something now and then. The 30 minute drive pollutes the air, and contributes to our energy problems. just because you may find no value in it , doesn't mean everyone does, and not everyone is so irresponsible as to not set and keep their financial priorities in check.

    Favorite    Flag as abusive Posted 12:47 PM on 04/24/2009
- Agent420 I'm a Fan of Agent420 50 fans permalink
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Gambling is a good idea because the people running the casinos, Internet or otherwise are in the business to give away money. There are two ways to win, one, don't gamble, two, bet with the house.

    Favorite    Flag as abusive Posted 02:40 PM on 04/24/2009
- Bruupo I'm a Fan of Bruupo 13 fans permalink

"...and not everyone is so irresponsible as to not set and keep their financial priorities in check."

Exactly, only some gamblers behave like publicly-traded, global investment firms.

Also, gambling debt wouldn't be nearly the problem it is today if we had more sensible policies regarding credit and predatory lending. Far from prohibiting gambling, all we have done is allow certain gambling lobbies (mainly tribal casinos and state governments) to shield their businesses from the 'dreaded' online poker. And so, instead of the violent thug loan sharks and bookies of decades past, we have decided as a society to allow publicly-traded corporations to takeover the usury and "bust outs" associated with gambling.

But they also handle the much more numerous health-care cost "bust outs" for us, so, bonus.

    Favorite    Flag as abusive Posted 03:27 PM on 04/24/2009
- somefool I'm a Fan of somefool 69 fans permalink
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I guess you must be in favor of reinstating prohibition, and banning tobacco?

    Favorite    Flag as abusive Posted 01:02 PM on 04/24/2009
- Agent420 I'm a Fan of Agent420 50 fans permalink
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Excellent idea.

    Favorite    Flag as abusive Posted 02:41 PM on 04/24/2009
- meko I'm a Fan of meko 85 fans permalink
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It's just difficult to see how online gambling differs from the stock market once you've gutted the SEC.

    Favorite    Flag as abusive Posted 01:37 PM on 04/24/2009
- Agent420 I'm a Fan of Agent420 50 fans permalink
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The stock market is a giant ponzi scheme.

    Favorite    Flag as abusive Posted 02:41 PM on 04/24/2009
- Hank007 I'm a Fan of Hank007 88 fans permalink

How about gambling away people's pensions and 401ks, on bets that were sure to lose?

    Favorite    Flag as abusive Posted 02:37 PM on 04/24/2009
- livesimply I'm a Fan of livesimply 30 fans permalink
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He wasn't talking about addiction. You are.

    Favorite    Flag as abusive Posted 02:41 PM on 04/24/2009
- redstrat I'm a Fan of redstrat 4 fans permalink

Mr. Frank if I ever had the Chance to Vote for you I would in a heartbeat. With freedom comes responsibility, and really I hope someday in my lifetime I can say we are truely free.

    Favorite    Flag as abusive Posted 12:24 PM on 04/24/2009
- Coinyer101 I'm a Fan of Coinyer101 734 fans permalink
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cosign!

    Favorite    Flag as abusive Posted 12:40 PM on 04/24/2009

nevermind the fact that he helped to cause the current housing crisis we are in.

go to youtube and search Barney Frank Fannie Mae and view the number of videos of how Frank, Dodd, Schumer for years blocked the necessary oversight of Fannie Mae.

    Favorite    Flag as abusive Posted 02:34 PM on 04/24/2009
- Hank007 I'm a Fan of Hank007 88 fans permalink

Interesting how many posts have the exact same middle sentence, with the exact same mis-spellings. Almost like they were trying to perpetuate these disproven talking points...

    Favorite    Flag as abusive Posted 02:39 PM on 04/24/2009
- SarahZim I'm a Fan of SarahZim 7 fans permalink

Lie. I'll pass on the wingnut propoganda youtube videos.

    Favorite    Flag as abusive Posted 02:56 PM on 04/24/2009
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Go to youtube and view the number of people who believe in the Loch Ness monster. They're more accurate then the one's you're pushing WM.

    Favorite    Flag as abusive Posted 04:21 PM on 04/24/2009
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WOW, you people are stuck in a rut.

    Favorite    Flag as abusive Posted 04:58 PM on 04/24/2009
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