I am a busted cowboy
And I work upon the range,
In summertime I get some work,
But one thing which seems strange,
As soon as fall work's over
I get it in the neck
I get a Christmas present
Of a neatly written check.

I come to town to rusticate,
I've no place else to stay
When winter winds are howling hard
Because I don't eat hay.
A puncher's life's a picnic?
It is one continual joke.
But there's none more anxious to see spring
Than the cowboy who is broke.

The wages that a cowhand earns
In summer goes like smoke,
And when the snow begins to drift
You bet your neck he's broke.
You may talk about your holidays,
Your Christmas cheer and joy,
They're all the same to me, my friend.
Cash gone, I'm a broke cowboy.

My saddle and my gun in soak,
My spurs I've long since sold,
My rawhide and my quirt are gone,
My chaps, no. They're too old.
My outfit's gone, I can't e'en bum
A cigarette to smoke.
For no one cares what happens
To a cowboy who is broke.

Just where I'll eat my dinner
This Christmas, I don't know,
But you can bet your life I'll have one
If I get but half a show.
This Christmas holds no charms for me,
On good things I'll not choke,
Unless I get a big handout
I'm a cowboy who is broke.