B. Frank stops crack down on internet gambling, for now.

[BearDown]

Internet gambling in the United States has been saved - at least for the next six months, anyway.

U.S. Representative Barney Frank (D-Mass.) has successfully convinced the Obama adminsitration to delay a federal crackdown on illegal Internet poker and casino sites, the Boston Globe reported Monday.

Frank requested the six-month reprieve so he could work on a program that would legalize online gambling. Although the chairman of the House Financial Services Committee is not a gambler himself, he believes the government should not tell citizens how they should spend their money.

On three separate occsions, Frank has introduced legislation to overturn the Unlawful Internet Gaming Enforcement Act, which Congress passed on the final day of the 2006 session. The act prevented U.S. credit card companies from processing transactions from Internet gambling sites.

The law, designed to cripple the $16 billion-a-year Internet gambling industry, was scheduled to go into effect on Dec. 1, 2009. But the Federal Reserve and the Treasury Department pushed back the date to June 1, 2010, to give Frank time to draft legislation that would make online gambling legal and allow the government to regulate and collect taxes on it.

The move comes on the heels of a report from the Joint Committee on Taxation that shows the federal government could reap a $42 billion windfall over the next decade by taxing online gambling sites. The next step is for Frank and supporters to convince opponents of this course in an election year

[insidethe8thpol]

They should give each state 1 online site and let them control their states respectively.

The states give a certain amount to the feds and they can use the rest towards state services. If they can do it with Lotteries & Scratch tickets, why not.

[harold_bush]

about time this waste of life did something positive.

[Watchtower76]

about time this waste of life did something positive.

agree, but i'm sure he just got paid a couple million to slow down the process. God i hate frank more then anyone, but then again every suit in washington is a waste except a hand full of representatives.

[BettorsChat]

agree, but i'm sure he just got paid a couple million to slow down the process. God i hate frank more then anyone, but then again every suit in washington is a waste except a hand full of representatives.

You mean like how Republican Frist put this bullshit bill onto the port security bill right before elections. And he was paid $50k by harrahs casino to help them in regards to their buyout. When the bill was passed whoever purchased harrahs had to pay $1 billion more for them, because of that bill. So bet Frist got a nice chunk of change out in the cayman islands. I guess Democrats should put this bill onto another bill that has nothing to do with it.

[grandmama]

You mean like how Republican Frist put this bullshit bill onto the port security bill right before elections. And he was paid $50k by harrahs casino to help them in regards to their buyout. When the bill was passed whoever purchased harrahs had to pay $1 billion more for them, because of that bill. So bet Frist got a nice chunk of change out in the cayman islands. I guess Democrats should put this bill onto another bill that has nothing to do with it.

thanks for posting the truth/

[BettorsChat]

thanks for posting the truth/

Everyone on this site should be pissed at Frist and the Republicans for what BS they did. And it's not about picking sides or drawing lines in the sand over political parties. If a Democrat had did this I would say that sucked and are an asshole. So my question is where are the Republican people on this site and the outrage over what frist did.

[harold_bush]

Everyone on this site should be pissed at Frist and the Republicans for what BS they did. And it's not about picking sides or drawing lines in the sand over political parties. If a Democrat had did this I would say that sucked and are an asshole. So my question is where are the Republican people on this site and the outrage over what frist did.

Depsite popular opinion, I'm not a republican, but I got no argument with what you said.

What he did still pales in comparison to what that piece of shit Frank has done. No, im not talking about hooking up with male prostitutes either. I'm talking about his role in Fannie Mae and Freddie Mac which has absolutely destroyed countless numbers of people, and is the single largest contributing factor to the current state of our economy.

[flarendep1]

Depsite popular opinion, I'm not a republican, but I got no argument with what you said.

What he did still pales in comparison to what that piece of shit Frank has done. No, im not talking about hooking up with male prostitutes either. I'm talking about his role in Fannie Mae and Freddie Mac which has absolutely destroyed countless numbers of people, and is the single largest contributing factor to the current state of our economy.

My thoughts exactly


And fuck all politicions who screw over the common people.

Exactly why I want less government and so should everyone else.

[BettorsChat]

My thoughts exactly


And fuck all politicions who screw over the common people.

Exactly why I want less government and so should everyone else.

So you think Bill Frist is a douche?

[flarendep1]

So you think Bill Frist is a douche?

I think there are a lot of Douchbags in government. Exactly why I am for less of it and for term limits.

Democrats seem to want to expand government - Republicans made the same mistake when they were in power to grow it as well. It cost them their seats just like it will cost the Dems next term.

The government bankrupted SS, Medicare and Medicaid, destroyed the housing market, and we should trust them to take over healthcare?

[flarendep1]

Barney Frank is a disgrace.

OReilly finally had enough, love this clip:

http://www.youtube.com/watch?v=bijtB...eature=related

[BettorsChat]

I think there are a lot of Douchbags in government. Exactly why I am for less of it and for term limits.

Democrats seem to want to expand government - Republicans made the same mistake when they were in power to grow it as well. It cost them their seats just like it will cost the Dems next term.

The government bankrupted SS, Medicare and Medicaid, destroyed the housing market, and we should trust them to take over healthcare?

I'm talking about gambling not healthcare. You didn't answer my question directly.

[flarendep1]

I'm talking about gambling not healthcare. You didn't answer my question directly.

Honestly, I dont know all the specifics on this and have not followed it. Of course this kind of stuff goes on in Washington, tack a bill on with another one or adding pork to a bill. Business as usual in DC.

I wil agree Frist is a Douche but Frank is far worse.

[BettorsChat]

Honestly, I dont know all the specifics on this and have not followed it. Of course this kind of stuff goes on in Washington, tack a bill on with another one or adding pork to a bill. Business as usual in DC.

I wil agree Frist is a Douche but Frank is far worse.

You don't even know anything about Frist, but Frank is worse