Neoliberalism has had a profound effect on post-1970s LGBT/queer cultures and politics. This essay reviews how, by privatizing social services, fostering consumer citizenship, and promoting corporate welfare and urban redevelopment, neoliberal policies have pit “deserving” gays and lesbians against “undeserving” others: the same-sex married couple vs. the “welfare queen,” the gay/lesbian consumer-citizen vs. the poor queer, and the gay gentrifier vs. the “dangerous” other. Historicizing these oppositions reveals the intersections of sexuality, class, gender, race, and social policy that remain central to queer politics today.