By Bill O'Reilly

The election today in Wisconsin and the presidential election as well is mostly about money and how to spend it.

Liberals want the government to supply almost unlimited funds to the folks. Conservatives want fiscal responsibility in order to stabilize the economy and promote self-reliance.

That's what it's all about in Wisconsin and in America. New Gallup poll shows how the folks feel. For people making less than $36,000, President Obama is preferred over Mitt Romney 53 percent to 38 percent. Americans earning between $36,000 and $90,000 a year, Romney comes out on top 49 percent, 45 percent. For those earning $90,000 and up Romney is a choice also by a 49 percent to 45 percent margin.

Money is very important to Americans because the best material things in life are far from free. And the USA is a society that likes its comforts.

But more importantly, America's economy is built on trust. People all over the world invest here and accept dollars for things like oil because we are a stable nation, a country that pays its debts and earns its way. But that's changing under a very liberal president.

Barack Obama has made no attempt to rein in government spending, asserting that the feds can stimulate the private economy with massive investment. The result is record spending and a massive debt of about $16 trillion. Republicans reject Mr. Obama's approach and want to cut big time.

That's what Governor Scott Walker did in Wisconsin. He signed a law that makes it far more difficult for state workers to increase their compensation. Whenever you limit someone's ability to acquire money or security that person most likely will get angry.

(BEGIN VIDEO CLIP)

UNIDENTIFIED MALE: This is a criminal.

UNIDENTIFIED MALE: Ok.

UNIDENTIFIED MALE: This is a criminal.

UNIDENTIFIED MALE: Ok. No, that's -- that's an elephant.

UNIDENTIFIED MALE: He's under -- he's under federal. Yes, this is a criminal.

UNIDENTIFIED MALE: That's a elephant. That's the criminal, that's the elephant I got it.

UNIDENTIFIED MALE: Correct. The elephant has got criminal overturn tones.

UNIDENTIFIED MALE: I see.

UNIDENTIFIED MALE: But I'm not here -- and you have no right to just stick a microphone in my face like I owe you a thing.

UNIDENTIFIED MALE: I'm doing it.

UNIDENTIFIED MALE: You go out to jail.

UNIDENTIFIED MALE: Is this man scary?

UNIDENTIFIED FEMALE: Yes.

UNIDENTIFIED MALE: A little bit?

Yes I think so. He scared me. He wasn't being very nice to me though.

UNIDENTIFIED FEMALE: He's kind of scary.

(END VIDEO CLIP)

O'REILLY: Well those kids are getting quite a political education out there in Madison, Wisconsin.

Now the battle between liberals and conservatives in America is getting bitter. And politicians like Governor Walker are feeling it.

(BEGIN VIDEO CLIP)

REP. GWEN MOORE (D), WISCONSIN: Great Scott, Scott Walker, you've got to go, baby. Hit the road, Scott and don't you come back no more.

PEOPLE: No more, no more.

MOORE: Well hit the road, Scott and don't you come back no more. What you say now?

(END VIDEO CLIP)

O'REILLY: Well, the situation in Wisconsin is just a preview of what's likely to happen all over the country next fall when the presidency is on the line.

And that's "The Memo."

Pinheads & Patriots

Rock star Jon Bon Jovi flew in and out of New York on Air Force One yesterday. The Jersey guy helping President Obama raise campaign money.

(BEGIN VIDEO CLIP)

(MUSIC: "YOU GIVE LOVE A BAD NAME")

(END VIDEO CLIP)

O'REILLY: Now, you ready for this? The private reception in Manhattan last night cost $40,000 to attend. Wow! Talk about shot through the heart and you're to blame! Forty K!

You can decide whether Mr. Bon Jovi is a "Patriot" or a "Pinhead."

— 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.