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I am of two minds on the issue.  It sets a great example when public figures come out of the closet, just because it makes the gay community visible, and to some teenager that is struggling with his sexuality, it helps him in some small way, knowing that we are here.  However, it is also no ones business.  My take, if he is or is not gay is not important, what IS IMPORTANT is whether he is honest and forthcoming when and if he chooses to address it publicly.  If he is gay or bi, and he has now stated he is not, then shame on him.  If he is heterosexual, he should have stated that outright. If he believes it is no ones business, then he should not have said anything.