Labour Always Spends Money It Does Not Have!

I won't reverse the cuts if I become PM, says Miliband: Election pledge to keep austerity budgets

After three years of opposing almost every one of the Government’s attempts to bring down public spending, the Labour leader has declared that if he wins he will not borrow more to undo any of them. Mail.
Labour? Not borrowing? Can this possibly be right? - Or does he perhaps mean that he will only borrow for new socialist insanities.