Mr fish,
Of course this country is not broke, it's one of the wealthiest nations on the planet. But it DOES have a deficit, i.e the Government spends annually more than it receives. You can't reduce a deficit without cost cutting and budget reductions, hence every Council in this country has seen huge reductions in their annual Government grant, a large percentage of their annual income.
If Nottingham decides to spend it's money on the things you describe, and you object to that, vote for different councillors, cos it's them that spends the money, or maybe even become a councillor yourself?
If people at the top and bottom of this country no longer even care about defence then I suggest that we wouldn't have the fifth best resourced defence force in the world... which we do.