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Encyclopedia > Phil Gramm
William Philip Gramm


In office
January 3, 1985November 30, 2002
Preceded by John Tower
Succeeded by John Cornyn

Born July 08, 1942 (1942-07-08) (age 64)
Fort Benning, Georgia
Nationality american
Political party Democratic (1978-1981)
Republican (1981-present)
Spouse Wendy Lee Gramm

William Philip "Phil" Gramm (born July 8, 1942, in Fort Benning, Georgia) served as a Democratic Congressman (1978–1983), a Republican Congressman (1983–1985) and a Republican Senator from Texas (1985–2002). Image File history File links PhilGramm. ... Seal of the U.S. Senate Federal courts Supreme Court Chief Justice Associate Justices Elections Presidential elections Midterm elections Political Parties Democratic Republican Third parties State & Local government Governors Legislatures State Courts Counties, Cities, and Towns Other countries Politics Portal      Senate composition following 2006 elections The United States Senate is... Official language(s) No Official Language See languages of Texas Capital Austin Largest city Houston Area  Ranked 2nd  - Total 261,797 sq mi (678,051 km²)  - Width 773 miles (1,244 km)  - Length 790 miles (1,270 km)  - % water 2. ... January 3 is the 3rd day of the year in the Gregorian calendar. ... 1985 (MCMLXXXV) was a common year starting on Tuesday of the Gregorian calendar. ... November 30 is the 334th day (335th in leap years) of the year in the Gregorian calendar, with 31 days remaining. ... For album titles with the same name, see 2002 (album). ... John Goodwin Tower (September 29, 1925 – April 5, 1991) was a conservative Republican United States Senator from Houston, Texas. ... John Cornyn III (born February 2, 1952) is the junior United States Senator from Texas. ... July 8 is the 189th day of the year (190th in leap years) in the Gregorian Calendar, with 176 days remaining. ... 1942 (MCMXLII) was a common year starting on Thursday (the link is to a full 1942 calendar). ... Fort Benning is a base facility of the United States military outside Columbus, Georgia. ... This article does not adequately cite its references. ... The Republican Party is one of two major contemporary political parties in the United States of America, along with the Democratic Party. ... Wendy Lee Gramm (born 1945) is chairman of the Regulatory Studies Program at George Mason Universitys Mercatus Center, a free-market think tank based in Washington D.C. She is also the wife of former United States Senator Phil Gramm. ... July 8 is the 189th day of the year (190th in leap years) in the Gregorian calendar, with 176 days remaining. ... 1942 (MCMXLII) was a common year starting on Thursday (the link is to a full 1942 calendar). ... Fort Benning is a base facility of the United States military outside Columbus, Georgia. ... This article does not adequately cite its references. ... Seal of the House of Representatives The United States House of Representatives (or simply the House) is one of the two chambers of the United States Congress, the other being the Senate. ... The Republican Party is one of two major contemporary political parties in the United States of America, along with the Democratic Party. ... A Congressman or Congresswoman (generically, Congressperson) is a politician who is a member of a Congress. ... Seal of the U.S. Senate Federal courts Supreme Court Chief Justice Associate Justices Elections Presidential elections Midterm elections Political Parties Democratic Republican Third parties State & Local government Governors Legislatures State Courts Counties, Cities, and Towns Other countries Politics Portal      Senate composition following 2006 elections The United States Senate is... Official language(s) No Official Language See languages of Texas Capital Austin Largest city Houston Area  Ranked 2nd  - Total 261,797 sq mi (678,051 km²)  - Width 773 miles (1,244 km)  - Length 790 miles (1,270 km)  - % water 2. ...

Contents

University career

In 1967, Gramm received a Ph.D. in economics from the University of Georgia. After earning his Ph.D., Gramm taught economics for 12 years at Texas A&M University (1967–1978). In addition to teaching, Gramm served as a partner in the economic consulting firm Gramm & Associates (1971–1978). Gramm often noted in his political campaigns that he had repeated three grades in school but had overcome his academic deficiencies by hard work. Doctor of Philosophy, abbreviated Ph. ... Face-to-face trading interactions on the New York Stock Exchange trading floor. ... The University of Georgia (UGA) is the largest institution of higher learning in the state of Georgia. ... Texas A&M University, often called A&M or TAMU, is a coeducational public research university located in College Station, Texas, USA. It is the flagship[7] institution of the Texas A&M University System. ...


Democratic politician

In 1976, Gramm unsuccessfully challenged Texas Democratic Senator Lloyd M. Bentsen, in the party's senatorial primary. Nine years later, Gramm and Bentsen would begin what became an 8-year relationship as senatorial colleagues from Texas. During their Senate tenures, both attempted to run for President, but neither made a serious showing. 1976 (MCMLXXVI) was a leap year starting on Thursday. ... Lloyd Millard Bentsen Jr. ...


In 1978, Gramm successfully ran as a Democrat for Representative from Texas's Sixth Congressional District. He continued his service in the House, being reelected as a Democrat in 1980. The current boundaries of Texas District 6. ... 1980 (MCMLXXX) was a leap year starting on Tuesday. ...


Republican politician

In 1981, Gramm attended Democratic Caucus budget meetings and then secretly shared their strategy with Republicans to help pass newly inaugurated President Ronald Reagan's budget. In response, the House Democratic leadership stripped him of his seat on the committee. Following this action, Gramm resigned his House seat, forcing a mid-term special election. Gramm ran in that election to fill the vacancy that he had created, but as a Republican. Winning, he became the first Republican to represent the district since its creation. He won re-election to the seat again in 1982, and after he left the House, the seat remained in Republican hands (first under Joe Barton and later John Carter). An inauguration is a ceremony of formal investiture whereby an individual assumes an office or position of authority or power. ... The President of the United States of America is the head of state and head of government of the United States. ... Ronald Wilson Reagan (February 6, 1911 – June 5, 2004) was the 40th President of the United States (1981 – 1989) and the 33rd Governor of California (1967 – 1975). ... Reaganomics (a portmanteau of Reagan and economics, coined by radio broadcaster Paul Harvey) is a term that has been used to both describe and decry free market advocacy economic policies of U.S. President Ronald Reagan, who served from 1981 to 1989 and economic policies perceived as similar. ... In politics, party switching is any change in party affiliation of a partisan public figure, usually one who is currently holding elected office. ... Joseph Linus Joe Barton (born September 15, 1949) is a Republican politician, representing Texass 6th congressional district (map) in the U.S. House of Representatives since 1985. ... John Carter is a Republican United States Congressional Representative from the 31st District in Texas. ...


In 1984, Gramm was elected as a Republican to represent Texas in the U.S. Senate. He easily defeated liberal Democrat Lloyd Doggett of Austin, later a member of the House from an Austin and an Austin-McAllen apportioned district, for the right to succeed retiring Republican Senator John G. Tower. Gramm polled 3,116,348 votes (58.5 percent) to Doggett's 2,207,557 (41.5 percent). Gramm served on the Senate Budget Committee from 1989 until leaving office in 2003. Gramm and Senators Fritz Hollings and Warren Rudman devised a means of cutting the budget through indiscriminate, across-the-board spending cuts if deficit-reduction targets were not met. They were successful in making the Gramm-Rudman-Hollings Act law, but portions were ruled unconstitutional and other sections have largely been superseded by other budget-controlling mechanisms. Later in his Senate career, Gramm spearheaded efforts to pass banking reform laws, including the landmark Gramm-Leach-Bliley Act in 1999, which modernized Depression-era laws separating banking, insurance and brokerage activities. Between 1995 and 2000 Gramm, who was the chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, received $1,000,914 from the Securities & Investment industry[6] 1984 (MCMLXXXIV) was a leap year starting on Sunday of the Gregorian calendar. ... Seal of the U.S. Senate Federal courts Supreme Court Chief Justice Associate Justices Elections Presidential elections Midterm elections Political Parties Democratic Republican Third parties State & Local government Governors Legislatures State Courts Counties, Cities, and Towns Other countries Politics Portal      Senate composition following 2006 elections The United States Senate is... Rep. ... Nickname: Live Music Capital of the World Location in the state of Texas Coordinates: Country United States State Texas Counties Travis County, Williamson County Government  - Mayor Will Wynn Area  - City  296. ... John Goodwin Tower (September 29, 1925 – April 5, 1991) was a conservative Republican United States Senator from Houston, Texas. ... The United States Senate Committee on Budget was established in 1974 by the Congressional Budget and Impoundment Control Act. ... Categories: People stubs | United States Senators | Governors of South Carolina | Members of the South Carolina House of Representatives | U.S. Army officers | World War II veterans | 1922 births ... Warren Bruce Rudman (born May 18, 1930 in Boston, Massachusetts) was an American Senator from New Hampshire. ... A budget deficit occurs when an entity (often a government) spends more money than it takes in. ... The Gramm-Hollings Deficit Reduction Act, passed in 1985 by Senators Ernest Hollings (D-South Carolina), Warren Rudman (R-New Hampshire) and Phil Gramm (R-Texas), was aimed at cutting the budget deficit, at the time the largest in history. ... It has been suggested that this article or section be merged into constitutionality. ... For other uses, see Bank (disambiguation). ... The Gramm-Leach-Bliley Act, also known as the Gramm-Leach-Bliley Financial Services Modernization Act, Pub. ... The United States Senate Committee on Banking, Housing, and Urban Affairs has jurisdiction over matters related to banks and banking, price controls, deposit insurance, export promotion and controls, federal monetary policy, financial aid to commerce and industry, issuance of redemption of notes, currency and coinage, public and private housing, urban...


In 1990, Gramm won his second term with an easy victory over Democratic State Senator Hugh Parmer of Fort Worth, even as fellow Republican Clayton Williams was narrowly losing the governorship to Ann Richards. Clayton Wheat Williams, Jr. ... Dorothy Ann Willis Richards (September 1, 1933 – September 13, 2006) was an American politician and teacher from Texas. ...


As a senator, Gramm often called for reductions in taxes and government spending. He employed his "Dickie Flatt Test" to determine if federal programs were worthwhile (Dickie Flatt was a printer in Mexia, Texas, and a longtime Gramm supporter). In Gramm's eyes, Flatt embodied the travails that a typical Texas independent small businessman faced in the realm of taxation and government spending. Mexia (pronounced muh-hay-uh) is a city located in Limestone County, Texas. ...


Gramm ran unsuccessfully for the Republican Party nomination in the 1996 presidential election. Although he began the race with a full warchest, it is generally agreed that Gramm ran a poor campaign in the Republican primary. He withdrew from the contest on the Sunday before the New Hampshire primary to support senatorial colleague Robert J. Dole of Kansas. Gramm, a proponent of free trade, also lashed out at temporary Republican frontrunner Patrick J. Buchanan, whom he mocked in derision as a "protectionist." Presidential electoral votes by state. ... The New Hampshire primary marks the opening of the quadrennial U.S. presidential election. ... Bob Dole Robert Joseph Dole (born July 22, 1923) is best known as a former Republican United States Senate Majority Leader and Senator from Kansas. ... Free trade is an economic concept referring to the selling of products between countries without tariffs or other trade barriers. ... Patrick Buchanan Patrick Joseph Buchanan (born November 2, 1938), usually known as Pat Buchanan, is an American conservative journalist and a well known television political commentator. ... Protectionism is the economic policy of restraining trade between nations, through methods such as high tariffs on imported goods, restrictive quotas, a variety of restrictive government regulations designed to discourage imports, and anti-dumping laws in an attempt to protect domestic industries in a particular nation from foreign take-over...


After exiting the presidential race, Gramm defeated school teacher Victor Morales of Dallas in November 1996 to win his third and final term in the Senate. Morales ran a low-budget campaign in an effort to make contact with the Democratic grass roots. Gramm left his Senate seat a few weeks before the expiration of his term in December 2002 so that his successor, fellow Republican John Cornyn, could gain seniority over other newly-elected senators. Nickname: Location in the state of Texas Coordinates: Country United States State Texas Counties Dallas, Collin, Denton, Kaufman, and Rockwall Incorporated 2 February 1856 Government  - Mayor Laura Miller Area  - City  385. ... John Cornyn III (born February 2, 1952) is the junior United States Senator from Texas. ...


Post-Senate career

Although there were rumors that Gramm was being considered to be Treasury Secretary in George W. Bush's second term, he was not offered the position. He was also thought to have been in the running for the presidency of Texas A&M University, but the position went to former Central Intelligence Agency Director Robert Gates instead. Gramm is a vice-chairman of UBS Investment Bank. However in light of the November 8, 2006 nomination and subsequent confirmation of Dr. Gates to the position of Secretary of Defense, Gramm is rumored to be the most likely candidate for the office of President of Texas A&M University. Gramm has unconditionally denied these rumors, stating that he has no desire to leave UBS. The United States Secretary of the Treasury is the finance minister of the Federal Government of the United States. ... George Walker Bush (born July 6, 1946) is the 43rd and current President of the United States, inaugurated on January 20, 2001. ... Texas A&M University, often called A&M or TAMU, is a coeducational public research university located in College Station, Texas, USA. It is the flagship[7] institution of the Texas A&M University System. ... The Central Intelligence Agency (CIA) is an intelligence agency of the United States government. ... Robert Michael Gates, Ph. ... UBS AG (NYSE: UBS; SWX:UBSN; TYO: 8657 ) is a financial services company, headquartered in Basel and Zürich, Switzerland. ...


Personal

Gramm grew up in Columbus, Georgia. He is married to Dr. Wendy Lee Gramm, a native of Hawaii, who is associated with George Mason University's Mercatus Center in Virginia. They are the parents of two sons, one of whom, Marshall, is a professor of economics at Rhodes College. Gramm was one of several politicians who had cameo appearances in the movie Gods and Generals. He played a Virginia delegate in the scene where Robert E. Lee accepts his role as commander of the Army of Northern Virginia. [1] Columbus is a city in Muscogee County, Georgia, United States. ... Wendy Lee Gramm (born 1945) is chairman of the Regulatory Studies Program at George Mason Universitys Mercatus Center, a free-market think tank based in Washington D.C. She is also the wife of former United States Senator Phil Gramm. ... This article or section does not cite any references or sources. ... George Mason University, also known as GMU or simply Mason, is a large public university in the United States. ... The Mercatus Center at George Mason University is a research, education, and outreach organization that works with scholars, policy experts, and government officials to connect academic learning and real world practice. ... This article is on the private, non-profit university in Memphis, for the chain of for-profit colleges, go to Rhodes Colleges, Inc. ... For other uses, see Gods and Generals (disambiguation). ... // This article is about the Confederate general. ... The Army of Northern Virginia was the primary military force of the Confederate States of America during the American Civil War in the eastern theater. ...


Quotes

  • "Most people don't have the luxury of living to be 80 years old, so it's hard for me to feel sorry for them." [2] — In response to a claim that a Social Security proposal would hurt people over 80.
  • "Has anyone ever noticed that we live in the only country in the world where all the poor people are fat?" — During his first Senate Campaign against Democrat Lloyd Doggett. [3]
  • "We're going to keep on building the party (the Texas Republican Party) until we're hunting Democrats with dogs." — As quoted in Mother Jones, August 1995
  • "If you are willing to tackle the tough issues, you don’t need to worry about stepping on anyone’s toes; they will stand aside and shove you to the front.” — As quoted by former Gramm staffer Wayne A. Abernathy[4] September 12, 2002, before the Senate Committee on Banking, Housing and Urban Affairs.[5]
  • "I have more guns than I need, and fewer guns than I want." — often part of his stump speech in the mid 1990s [6]

Social Security in the United States is a social insurance program funded through dedicated payroll taxes called FICA (Federal Insurance Contributions Act). ... The Republican Party is one of two major contemporary political parties in the United States of America, along with the Democratic Party. ... This article does not cite its references or sources. ...

References

  1. ^ Full Cast and Crew for Gods and Generals (2003)
  2. ^ [1]
  3. ^ [2]
  4. ^ [3]
  5. ^ [4]
  6. ^ [5]

External links

Preceded by
Olin E. Teague
Member of the U.S. House of Representatives
from Texas's 6th congressional district

1978–1984
Succeeded by
Joe Barton
Preceded by
John G. Tower
United States Senator (Class 2) from Texas
1985–2002
Served alongside: Lloyd Bentsen, Bob Krueger, Kay Bailey Hutchison
Succeeded by
John Cornyn
Preceded by
Don Nickles
Oklahoma
Chairman of National Republican Senatorial Committee
1991–1995
Succeeded by
Al D'Amato
New York
Preceded by
Al D'Amato
New York
Chairman of Senate Banking Committee
1999–2001
Succeeded by
Paul Sarbanes
Maryland

  Results from FactBites:
 
Phil Gramm - Wikipedia, the free encyclopedia (1141 words)
William Philip "Phil" Gramm (born July 8, 1942, in Fort Benning, Georgia) served as a Democratic Congressman (1978-1983), a Republican Congressman (1983-1985) and a Republican Senator from Texas (1985-2002).
In 1984, Gramm was elected as a Republican to represent Texas in the U.S. Senate.
Phil Gramm is married to Dr. Wendy Lee Gramm, a native of Hawaii, who is associated with George Mason University's Mercatus Center in Virginia.
Wendy Gramm (860 words)
Gramm is the granddaughter of a laborer in the Hawaian sugar cane fields and the daughter of the first Korean-American officer of a U.S. sugar cane company.
Gramm recalled her initial response to his subsequent marriage proposal: "Yuck." Gramm persisted, and the couple wed in 1970 (it was Gramm's second marriage).
Gramm campaign buses picked up the IBP employees at eight separate locations in the states of Iowa, Nebraska, and Illinois and transported them to the straw poll, where their votes helped Gramm tie front-runner Bob Dole and gave the Gramm campaign an important boost.
  More results at FactBites »

 
 

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