Point taken but I believe it was Mr. Churchill who said that.
No reference to Churchill ever saying that. But in a 1976 TV interview for "for Thames TV This Week", Margaret Thatcher said,
"...and Socialist governments traditionally do make a financial mess. They always run out of other people's money. It's quite a characteristic of them."
The oft quoted phrasing of "The problem with socialism is that you eventually run out of other people's money," is simply a contraction of her original statement.
She also said, "“I think we've been through a period where too many people have been given to understand that if they have a problem, it's the government's job to cope with it. 'I have a problem, I'll get a grant.' 'I'm homeless, the government must house me.' They're casting their problem on society. And, you know, there is no such thing as society. There are individual men and women, and there are families. And no government can do anything except through people, and people must look to themselves first. It's our duty to look after ourselves and then, also to look after our neighbour. People have got the entitlements too much in mind, without the obligations. There's no such thing as entitlement, unless someone has first met an obligation."
And in the early 70s in a different time when it was still true, she said, "There are significant differences between the American and European version of capitalism. The American traditiionally emphasizes the need for limited government, light regulations, low taxes and maximum labour-market flexibility. Its success has ben shown above all in the ability to creqte new jobs, in which it is consistently more successful than Europe.”
Unfortunately, America has become more like Europe in many ways with unlimited government, heavy regulations, high taxes and very little labor-market flexibility. Thanks to an overreaching government, suffocating regulations and high taxes, we can no longer create jobs unless they're taxpayer funded jobs. Well, we do create jobs, it's just that most of them are created elsewhere, mostly in China and Mexico.