Addendum to my previous post:
A provincial debt of >$300B implies every man ,woman and child in Ontario owes approx. $30,000. 
Keep the model simple - every family of four - owes $120,000. 
Of these families only half earn enough to pay taxes to barely cover the cost of our social services infrastructure.
Perhaps a quarter of the families earn enough to pay taxes that might pay off the debt, thereby assuming fiduciary responsibility ( imposed ) for a effective debt load of 4X the $30K "family debt" as state previously. Thereby each such responsible family in effect owes $480,000 of provincial government debt. Scary ?
Now add federal debt - similar model applies .....

Truly scary !!??
Let's have a drink - I prefer a good single malt scotch  .-)
You are welcome .......