Senate Banking Committee Chairman Phil Gramm (R-Tex.) is confident the U.S. banking system will be able to handle any Y2K computer problems.

"Well, it seems to me we ought to be encouraged that in the year 1000, they had to add a new digit, and yet no evidence of economic disruption," Gramm noted at a Wednesday hearing with Fed Chairman Alan Greenspan.

"And then a millennium before, we had dates going down, and then they started going up," Gramm continued as the laughter began, "and yet no evidence of disruption or chaos in the economy. So if they could do it then, surely we can deal with it now, it seems

-- just me (, July 31, 1999


Ah! --- Phil Gramm. He's one of the reasons for my years ago partial disillusionment with the 'Conservative' GOP. God bless him -- he needs it.


-- William J. Schenker, MD (, July 31, 1999.

This is why we have the problems in our Government. With officials like this, who are so narrow minded and ignorant. This is no laughing matter, why make fun of what will be a serious problem for the world. These politicians have no worries, our tax dollars has secured them with a place to hide, with plenty of food to keep their narrow thoughs thriving..

-- Cassandra (, July 31, 1999.

For a prime example of the government 'Spin Machine', examine the words of Phil Gramm. Who better to be the Y2K/OK standard bearer for the banking industry. This man's statements are not to be believed under any circumstances.

-- For (, July 31, 1999.

Be afraid... be very afraid.

Its FIVE MONTHS 'till New Years Evil, and the CHAIRMAN of the Senate banking committee says there is no reason for worry because the switch from year 999 to year 1000 caused no economic disruption????!!!!

Has there been a severe chemical spill in Wash.DC's water supply that we haven't heard about? Have aliens landed and body-snatched our congress-critters? Or is this just SNAFU and does the fine Senator think we are THAT stupid?

Do you have a URL for this gem? This deserves framing and mounting (like his head?).

-- Linda (, July 31, 1999.

Nah, I think Phil's just an optimist. It's all in the way you look at it. Is the glass full or half empty.

I mean you could say that Nuclear Power is dangerous but then look at the Russians, they seem to be ok after Chernobyl and the Japanese seem to be doing well at Nagasaki and Hiroshima.

And while we're at it, the Jews didn't give up on life just because Hitler massacred six million of them. Hell they're downright thriving.

And ya know, while we're at it bubonic plague seems like a bad thing on the surface, but when you get right down to it, the world had to many people at that time. And they got through that just fine.

Hell, I think solar flares might be just the thing we need here in the US. It'll bring us all together. And maybe a meteorite too. I mean hey, life managed to survive all these things before, why not now?

Keep laughing you freaking loser. The joke will certainly be on you if this whole thing folds up fast. Your senatorial priveleges wont mean squat if TSHTF. Good luck in your bunker. Dork.

-- Gordon (, July 31, 1999.

Just saw the rebroadcast of this segment on C-SPAN 2. I got the feeling Gramm was totally serious, although Greenspan was busting up.

Greenspan looked VERY uncomfortable with Bennett's question about Y2K and was not at all convincing (IMO) in regards to his advice to "leave your money in the bank".


-- Roland (, July 31, 1999.

2000 years ago no disruptions? No changes to govt or economies? Obviously this high-ranking Sinator PollyGrammCracker has never studied history nor read the New Testament. Banking $$ idol moron worshipper.

-- Ashton & Leska in Cascadia (, July 31, 1999.

"And then the millennium before, we had dates going down, and then they started going up, and yet no evidence of disruption or chaos"

Wrong wrong wrongo dude, I have it on authority that the corporate and multinational abacus users of their day had untold problems at the negative to positive year zero rollover - primarily it seems to have been that the older abacus masters, using just their middle and index fingers (two digits) were used to calculating from left to right, now in one swell foop they had to calculate from right to left using four digits. The upstart pups in the souks had an advantage over the wise men in that they were easily able to master the new directional paradigm - however, it must be emphasised, the rollover was not as smooth as Sen. Gramm ($60???) would have you believe.

-- Andy (, July 31, 1999.

At the time of the birth of Jesus Christ, we read there was all kinds of trouble in that land! And it continued past the death of Jesus! Old Gramm should do some reading in the good Book!

-- freddie (, July 31, 1999.

Is Sen. Phil Gramm an idiot, or what? <:)=

-- Sysman (, July 31, 1999.

this is what ya get for being deceived by the 'two party system'.

NO more republocrats !!

-- buy a clue (, July 31, 1999.

I too, heard him make that comment and thought to myself, "This guy MUST be a retard!"

I wonder if he really thought people would actually buy that crap? The sad part is, most people in this country probably would.

Lord save us.

-- Clyde (, July 31, 1999.

Roland... Greenspan was BUSTING UP??!!! Now I KNOW the aliens have landed.

-- Linda (, July 31, 1999.

the signs of the TIMES, all over the place' and no-one gets it.

-- eye salve anyone? (, July 31, 1999.

the signs of the TIMES, all over the place' and no-one gets it. [AS IN THE DAY,S OF NOAH]

-- eye salve anyone? (, July 31, 1999.

Gramm's beem making these polly statements on the banking system since 97. He's heavily financed by Texas bankers and oil barons, and is simply repeating their mantra on y2k. As far as computer tech. goes, he doesn't know a hertford from a longhorn. And remember, he thinks with 99.9% of the population. Just remember y2kers we're a tiny sliver of the people God help us.

-- doktorbob (, July 31, 1999.

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