The paper is organized in the following sections: A. The Ontario Fiscal House B. The Greek and Ontario Fiscal Houses Compared C. The Consequences of the “Repairs”: The Real Disorder D. Alternatives E. Recommendations. [...] This is the most accurate measure of the individual’s debt, combined with the level of interest charged by the bank, which may be seen as the cost of the debt. [...] Because public debt is carried by the citizens and residents of a par ticular country, state or province, in order to ascertain the magnitude of this debt, it is logical to measure the net public debt against the total goods and services produced by the citizens and residents of the country, state or province in question. [...] According to the official statement of the federal government, the government purchased 75 billion CAD worth of insured mortgage pools of chartered banks, via the Canada Mortgage and Housing Corporation, in the effort “to maintain the availability of long-term credit in Canada.” (Department of Finance Canada: 2008). [...] C. The Consequences of the “Repairs”: The Real Disorder Within this setting of reduced corporate taxes, stagnant production and growing unemployment and underemployment in the private sector, ‘fixing’ the fiscal house by decreasing the size of the.