Listen now (73 min) | Watch on YouTube Phil Gramm is an American icon. He was born in Georgia, grew up in tough circumstances, received his BA and PhD in Economics from the University of Georgia, taught at Texas A&M University, was elected to the House of Representatives from Texas in 1978, was elected U.S. Senator from Texas in 1984, and served in the Senate until 2002 when he resigned to work for UBS AG, serving as Vice Chairman of Investment Banking. He subsequently ran his own investment company. Senator Gramm is a Republican, but not a supporter of the former President.