We've run out of money but we haven't stopped spending

Quote ... "The problem with socialism is
you eventually run out of other people's money."
- Margaret Thatcher -

The Labour party has run this country into the ground but they still keep spending!

Instead of paying for the endless silly things, like giving teenagers free theatre tickets, and giving "poor people" computers, they should be investing the money to foot the bill for looking after old people etc. i.e. spend on the necessities, we can no longer afford the frills.
The government reflects the attitude of many of its citizens, that its OK to spend spend spend, and borrow, borrow, borrow, instead of planning ahead and putting aside money for hard times - stop spending!