David Stockman On The Real “Shithole” – $40 Trillion & Counting…

Sunday, January 14, 2018
By Paul Martin

by David Stockman via Contra Corner blog,
ZeroHedge.com
Sun, 01/14/2018

You can call it the bleep-hole moment (per the Fox “family channel”) or the shit-hole moment (per the rest of the MSM), but what you can’t call yesterday’s contretemps in the White House is evidence that sentient adults are in charge of the Imperial City.

And, no, we are not getting down on the Donald for using a swear word—nor are we trying to out race-card Don Lemon as to the obvious implications of the President’s crude phraseology.

Indeed, even prior to yesterday’s outburst it was hard to deny that Trump is a semi-literate bully and that he never got (read) the memo on racial comity and respect. But we actually happen to think that the Donald’s potty-talk eruption resulted not from some dark place in his mind and heart, but from sheer frustration as the intractability of the immigration issue closes in on him.

What we mean is that neither party has its cards face up on the matter—-which goes way beyond the potential deportation of the 800,000 dreamers, chain migration, the diversity lottery and the Wall. Underneath it all there is a brutal, raging political struggle for dominance which is almost existential in import.

To wit, the sundry Dem caucuses want more immigrants, and the browner the better, because it’s their only route to electoral dominance. By contrast, the hard core GOP immigrant-thumpers are desperately attempting to hang-on to Red State rule in the face of the forbidding demographic math of the white population—and the fact that not many Norwegians want to come to America anyway.

It would not be too far-fetched to say that the partisan battle for office is morphing into a racial-ethnic war.

Fox host Laura Ingraham is both exceedingly articulate and thoughtful on many issues, but on immigration she is a screecher. So her diatribe with respect to Thursday’s doings goes right to the heart of the matter:

“Number two, Democrats favor granting citizenship to illegal aliens because they believe it is the absolute key to achieving a super-majority, just like the one they currently have in California. They want that in every key battleground state. So, there’s so much more at stake than just the future of the DREAMers. This deal could decide the fate of the country.

We happen to agree with her, but for a vastly different reason. To wit, the immigration issue threatens to destroy the Republican party—either because it terminally rips it apart or because the nativist immigrant-thumpers completely prevail and thereby marginalize the GOP electorally.

Yes, there is nothing in the constitution or American history that requires a politically healthy GOP or even a Republican party at all. Unfortunately, however, there is nothing in the constitution which requires fiscal rectitude, either. Yet that’s exactly where Laura Ingraham’s “fate of the country” comes in.

Washington is drifting rapidly into a hellacious fiscal calamity and the only thin reed of resistance is the once and former party of fiscal rectitude. If it does not get its act together and screw-up some courage and focus on the matter soon, the nation’s budgetary doomsday machine will become unstoppable—-with the national debt soaring to $40 trillion and 140% of GDP within the next decade.

The Rest…HERE

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