It’s that time of year again. Mercury, the planet of communication, is due to turn retrograde on August 2. Unfortunately, this is the same day that the deadline looms for raising the debt ceiling of the U.S. For a bit of perspective on the kind of havoc that can ensue in this kind of situation, let’s look back eleven years.
On election night in 2000, Mercury was retrograde in Scorpio when Tom Brokaw announced that Florida had gone to Al Gore. But at 9:20 EST, Mercury turned direct and moments later, Brokaw announced that Florida’s vote was undecided. The rest, as they say, is history. There were ballot disputes in Palm Beach County due to the “hanging chads” and eventually the issue went to the supreme court, where Sandra Day O’Connor cast the deciding vote that Bush had won the presidency. O’Connor did a lot of good things when on the supreme court, but this decision was NOT one of those good things.
This kind of crazy back and forth is typical for a Mercury retrograde. Confusion, reversals in decisions.
So let’s take a look at August 2, 2011. On that night, at 11:49 PM, Mercury turns retrograde in Virgo, a sign that is all about precision, details, perfection. At 12:01 AM on August 3, a mere 12 minutes later, the U.S. is officially in default unless the dysfunctional politicians raise the debt limit.
Our apologies to readers in other countries for whom this isn’t an issue. But if the U.S. defaults on its debt, it could quickly become your issue. Presently, countries in the EU aren’t doing so great. Greece is in dire straits. Its credit rating has been cut out of fear that default is looming in that country. According to this excellent summary twenty-one countries may be facing default. It’s as if the global financial structure is having a nervous breakdown.
The breakdown won’t just affect “the markets” that so many political pundits refer to. Investors are nervous, investors are uncertain… as though we’re all investors in stocks and companies. Well, suppose you don’t have anything in the stock market? Then you’ll be okay, right?
Probably not. If the U. S. defaults, interests rates will skyrocket. The interest rates on your home mortgage, car loans, and student loans will go through the roof. Food prices will soar and so will the cost of gasoline. And that’s just for starters. Nobel economist Paul Krugman has some insightful info on the subject.
On August 3, 54 million Americans are supposed to receive Social Security checks. For many of these people, the checks are their only source of income. Suppose those checks don’t arrive? It means these individuals can’t pay their bills. It means they may have to choose between putting food on the table and buying prescriptions drugs that keep their bodies stable and functional. It means they eventually may default on their mortgage payments and their homes could eventually go into foreclosure. It means the economic crisis triggered by Bush’s economic policies and perpetuated during Obama’s three years in office may deepen into an outright depression. Check out this article. Or this one.
The debt ceiling was raised numerous times under Reagan, Clinton, both Bushes. So why has it become such an issue now? Because a radical right wing faction of the Republican party – the Tea Party zombies – have a stranglehold on Republican politicians.
I would love to say, Well, I’m going to ignore it. I’m going to turn off my TV, my radio, and not read any Internet news. If I pay no attention to it, then it’ll go away. But I have a feeling that it may not be that easy to make stuff go away. Even if we create our reality from the inside out, we share the planet with six or seven billion others who are living out their individual scripts.We share a mass consciousness precisely because we all live on the same planet. I believe we can mitigate our personal circumstances through mindful living, but ultimately what affects one, affects all.
Yes, the endless debates may all be political theater, but the idea that any political party would bring this issue right down to the wire is unconscionable. And it may well go beyond the wire.
As of Sunday evening, an agreement had supposedly been reached – although the votes in the house and senate won’t be taken until Monday. On Monday, Mercury the trickster will be stationary, preparing to turn retrograde.
Listening to the pundits this evening as they discussed what this so-called agreement entails, it looks as if entitlements programs, the safety nets for the most vulnerable in our society, may be going the way of the dodo bird. The wealthy will NOT lose their Bush-era tax breaks, the ones that Obama renewed through 2013. Corporations, of course, will continue to enjoy their many tax loopholes that have allowed companies like GE to not pay any taxes at all. So, once again, this “deal” seems to be made on the backs of the rapidly shrinking middle class, the sick, the elderly, and the poor. Once again, the Dems caved, just as they did during the health care debate.
We need a third party in this country.
Whatever is decided in the 11th hour on August 2 will probably be reversed once Mercury turns retrograde at 11:49 EST. Stay tuned. We don’t just live in interesting times, we’re living a paradigm shift, and it’s huge.
– Trish
PS Paul Krugman says this deal signals that Obama caved and the U.S. may descend into banana repubic status.





















