

By Richard W. Rahn
Budget fantasy won't help us cope with coming fiscal disaster
Independent voices from the TWT Communities

They have served a combined 46 years in the House of Representatives, ethnic Catholic liberals born four months apart representing districts along their state's northern border.

Retiring Massachusetts congressman Barney Frank, a gay pioneer in Congress, plans to marry his longtime partner Jim Ready of Maine.

Retiring Rep. Barney Frank, the first member of Congress to voluntarily come out as gay, said Thursday that he will marry his longtime partner, Jim Ready.
Joseph Kennedy III now has a wedding to look forward to as he considers a congressional run in Massachusetts.
![Joseph Kennedy III, at a campaign rally for Massachusetts Attorney General Martha Coakley (third from left) in 2010, may soon be announcing a political run of his own to replace Rep. Barney Frank, who is retiring from the U.S. House. Mr. Kennedy said he will begin "to reach out to the people of [Massachusetts' 4th Congressional District] in order to hear directly from them about the challenges they are facing." (Associated Press)](http://media.washtimes.com/media/image/2012/01/08/20120108-223439-pic-754011532_s101x65.jpg?315bd4d25c31152ae3aa452812c050925e084e73)
The first member of the Kennedy clan's so-called fourth generation is inching closer to running for Congress - a place where his family had served almost continuously for more than six decades until last year.
Back in 1973, when the Nixon administration was under fire for Watergate, Press Secretary Ron Ziegler uttered an unforgettable response when caught in a lie during a news conference: "This is the operative statement. The other statements are now inoperable."

Back in 1973, when the Nixon administration was under fire for Watergate, Press Secretary Ron Ziegler uttered an unforgettable response when caught in a lie during a news conference: "This is the operative statement. The others are inoperative."

With the family shut out of the White House and Congress for the first time in more than a half-century, a scion of the Kennedy clan on Thursday took the first steps toward a run for retiring Rep. Barney Frank's Fourth District seat in Massachusetts.

As ancient Greeks anxiously waited for a pronouncement from the Oracle of Delphi, we have awaited the results from the Iowa caucuses. We now know who got the most votes and won, and who outperformed expectations and therefore "really" won. And of those who "lost" in Iowa, some will accept the decision of the Fates, and some will continue onto other primary states as zombies apparently unaware of their lack of pulse.

American capitalism - led by and caricatured as the financial industry centered on Wall Street - is predicated on the notion that the market is driven by fundamentally economic motives. To its admirers, that means its dynamics are dictated by profit motivation. Wall Street's critics call it greed.

On Dec. 28, the Financial Times announced, "China has again outshone the U.S. as the top venue for initial public offerings." How is it that since 2008, a self-proclaimed communist country raises more capital and has more new firms going public than the great bastion of free-market capitalism, the United States? Answer: Members of Congress have been killing the U.S. financial markets because of hubris, incompetence and a lust for power and money.

In the inescapable, common-sense world to which producers of America are hopelessly addicted and in which they proudly reside, compensation is determined by dreams, work ethic, skill, knowledge, ability, expertise, level of effort and, last but not least, results. Put that in your merciless pay pipe and suck on it till you drop, Occupiers.
Guest lineups for the Sunday TV news shows:

Much has been made of President Obama's stoking class warfare and demonizing success. Less attention, however, has been paid to the consequences of the president - and his predecessor - taking the sting out of failure.
Rep. Barney Frank is the quintessential puff politician. Inflated by exaggerated self-regard, the Massachusetts Democrat was kept aloft by an unquestioning and liberal mainstream media riding shotgun for him, protecting him from outrageous statements about political opponents and from a dalliance with a male friend running an escort service from the congressman's apartment.
During an appearance on PBS' "The Charlie Rose Show" earlier this month, Mr. Frank said he was looking forward to leaving Congress and spending time with Mr. Ready.
Frank announces plans to marry his longtime partner; no date set →
Rep. Barney Frank, the first member of Congress to voluntarily come out as gay, said Thursday that he will marry his longtime partner, Jim Ready.
Frank announces plans to marry his longtime partner; no date set →

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