{"id":487,"date":"2006-09-27T09:29:16","date_gmt":"2006-09-27T13:29:16","guid":{"rendered":"http:\/\/www.forgetful.ca\/?p=392"},"modified":"2006-09-27T09:29:16","modified_gmt":"2006-09-27T13:29:16","slug":"paying-down-canadas-mortgage","status":"publish","type":"post","link":"http:\/\/forgetful.ca\/?p=487","title":{"rendered":"Paying down Canada\u2019s mortgage."},"content":{"rendered":"<p><a title=\"The story\" target=\"_blank\" href=\"http:\/\/www.ctv.ca\/servlet\/ArticleNews\/story\/CTVNews\/20060925\/surplus_payment_060925\/20060926\/\">Government applies entire surplus to federal debt<\/a><\/p>\n<p>2005 federal surplus: $13 504 000 000<\/p>\n<p>2005 interest paid on debt: $21 353 000 000  (4%)<\/p>\n<p>2005 net federal debt: $523 344 000 000<\/p>\n<p>Minus 2005 federal surplus of $13 504 000  000<\/p>\n<p>2006 net federal debt: $509 840 000 000<\/p>\n<p>2006 interest paid on debt (assuming same interest  rates as 2005): $21 353 000 000 \/ $523 344 000 000 * $509 840 000 000 = $20 802 000  000<\/p>\n<p>2006 (and every year going forward) savings from 2005 debt repayment: $551 000  000<\/p>\n<p>I suggested that they apply it to *our* mortgage, but short of that, this makes total sense to me.<\/p>\n<p>One final calculation &#8211; net 2005 federal debt per person: $16 354.<\/p>\n<p>Ugh.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Government applies entire surplus to federal debt 2005 federal surplus: $13 504 000 000 2005 interest paid on debt: $21 353 000 000 (4%) 2005 net federal debt: $523 344 000 000 Minus 2005 federal surplus of $13 504 000 000 2006 net federal debt: $509 840 000 000 2006 interest paid on debt (assuming [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0},"categories":[30],"tags":[],"_links":{"self":[{"href":"http:\/\/forgetful.ca\/index.php?rest_route=\/wp\/v2\/posts\/487"}],"collection":[{"href":"http:\/\/forgetful.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/forgetful.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/forgetful.ca\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"http:\/\/forgetful.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=487"}],"version-history":[{"count":0,"href":"http:\/\/forgetful.ca\/index.php?rest_route=\/wp\/v2\/posts\/487\/revisions"}],"wp:attachment":[{"href":"http:\/\/forgetful.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=487"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/forgetful.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=487"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/forgetful.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=487"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}