It is so 'nice' to read about your intergenerational resentment. I trust you have passed your feelings along to your parents, and extended family, and opted out of the 'lottery' that would have been your potential inheritance.
The province has been running financial deficits for years. Spending less simply will result in borrowing less. And yes, someday this borrowed money will have to be paid back. The interest we the taxpayers currently pay is already the 4th largest expense, behind Health, Education, and Social Services. Yes, education is right up there....