By Bill O'Reilly

As you may have heard, an audit by the Department of Justice shows the federal government is guilty of wasteful and extravagant spending at a number of law enforcement conferences. Between October 2007 and September 2009, 10 conferences cost the American taxpayer $4.4 million.

A couple of examples of craziness: At a training conference in August 2009, $4,200 was spent on 250 muffins. That adds up to $16 per muffin. I'm sure they were delicious muffins. I'm sure they were presented in a pleasing way. But the $16 muffin now becomes a symbol of how wasteful the feds are with our tax dollars.

A few more examples: July 2008, two coffee breaks cost the American taxpayer $15,600; $52 per person was spent on coffee breaks by a drug enforcement task force. February 2008, the U.S. Attorneys conference food and beverage cost $54,000. December 2007, an emergency response conference in Denver: $90,000 spent on food and beverages.

The hits just keep on coming.

Now, I have stayed in some of the swankiest hotels on Earth. I have never seen a $16 muffin. I want to see that muffin. I want to taste that muffin. Know why? Because I bought the muffin, and so did you.

It's not about taxing the rich anymore. It's about a federal government that doesn't give a hoot about how much money it spends.

Both the Bush administration and the Obama administration looked the other way while trillions of dollars were wasted. And now President Obama wants more tax money to buy more muffins.

People like me who pay a lot of federal tax are annoyed. We don't believe there is anyone looking out for our tax money. It's not about greed. It's about efficiency and fairness. Why should I, or you, work hard every day so some guy in a suit can have a $16 muffin? I'd like President Obama to address that.

The truth is America is in desperate financial trouble, and I want to help. I've already told you I'm not taking any Social Security. I'm going to send the checks back to the feds even though I paid into the fund. I love my country. I don't want it to go bankrupt. But I'm not going to endorse a huge tax increase on anybody until the spending madness stops.

And I'm not buying "pay my fair share." I've paid my fair share for 35 years, Mr. President. And you and other politicians have squandered my labor. Squandered it. So until the feds and the states demand efficiency and cut the crap, I will oppose targeted tax increases.

You want revenue, Mr. President? Pass a fair and flat tax, close up the loopholes, knock out the $16 muffins.

And that's "The Memo."

Pinheads & Patriots

Our pal Ted Turner was talking about Warren Buffett giving away a lot of his money:

(BEGIN VIDEO CLIP)

TED TURNER, MEDIA MOGUL: It's a lot easier for he and Bill Gates to give away half of what they have because they have so much than it is somebody with only $1 billion. You know, they give away half, that's $500 million. And you only have $500 million left. It's hard to afford a jet plane at that level.

(END VIDEO CLIP)

I'm sure we all feel Mr. Turner's pain. He might be a pinhead in this regard.

On the patriot front, 16-year old Lexi Thompson won the Navistar LPGA Classic last Sunday and donated $20,000 of her winnings to the Wounded Warrior Project. We applaud Lexi's generosity and her skill. She is a patriot.

— You can catch Bill O'Reilly's "Talking Points Memo" and "Pinheads & Patriots" weeknights at 8 and 11 p.m. ET on the Fox News Channel and any time on foxnews.com/oreilly. Send your comments to: oreilly@foxnews.com.