When you're broke...

Coors, MGD, and Icehouse I guess would be decent, cheap brews.

For liquor, I usually go with a bottle of flavored vodka or rum. You can a handle of Burnetts for really cheap, but I dunno, it's not that great. Smirnoff is probably the best of the cheap Vodkas. If it was up to me though, I'd just get a 750ml bottle of Southern Comfort though.
 
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mmmm sweet bum wine. nectar of the gods.
 
of course i have, cisco is where its at! its cheap, 18% booze, and tastes like cough syrup. its the finest choice for broke ass muthafuckas.
 
Haha, there's this beer by me all the black people drink that's sorta like that.
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Twice the alcohol of normal beer, and its like 2 bucks for a six pack, haha. Tastes like straight piss though. Colt 45 is another cheap one.
 
I think the cheapest I go is for five dollar bottles of sake. Two bottles of that tend to work nicely, and even cheep it's still better than most other things.
 
I've never been broke, but if I would be broke someday I wouldn't buy beer and focus on some more important stuff.

Right now I'm drinking Alexander Keith's, good stuff.