Party time at the White House?

This is a rush transcript from "Hannity," April 3, 2013. This copy may not be in its final form and may be updated.

SEAN HANNITY, HOST: Today marked the 26th straight day that the people were locked out of the people's house because of sequestration, or so we're told. Now, White House tours remain closed to average Americans, you know the people who pay the bills. And it appears that the doors of the White House, they did remain wide open to the rich and famous friends of the Obamas.

In yet another clear sign that the president and Mrs. Obama are out of touch with reality and totally tone-deaf, the first couple has announced that they plan to host a star-studded concert later this month. Now "Memphis Soul" will feature entertainers like Al Green, and Queen Latifah, Cyndi Lauper and Justin Timberlake.

Now, clearly it goes without saying that this is a waste of your money and a slapped in the face to you, the taxpayers, especially in light to the president and his administration's fear mongering just in recent weeks. Remember this?

(BEGIN VIDEO CLIPS)

PRESIDENT BARACK OBAMA: Federal prosecutors will have to close cases and let criminals go. Air traffic controllers and airport security will see cutbacks, which means more delays at airports across the country. Thousands of teachers and educators will be laid off. Tens of thousands of parents will have to scramble to find child care for their kids.

These cuts are not smart, they are not fair, they will hurt our economy, they will add hundreds of thousands of Americans to the unemployment rolls -- this is not an abstraction -- people will lose their jobs.

LEON PANETTA, FORMER SECRETARY OF DEFENSE: Let me tell you, if sequester happens, it is going to badly damage the readiness of the United States of American.

UNIDENTIFIED MAN: It's going to be very painful for the flying public.

PANETTA: We are going to weaken the United States.

JANET NAPOLITANO, SECRETARY OF HOMELAND SECURITY: I'm not here to scare people.

REP. STENY HOYER, D-MD.: Sequestration is a dangerous and irrational policy.

REP. NANCY PELOSI, D-CALIF., HOUSE MINORITY LEADER: This is just completely irresponsible.

UNIDENTIFIED MAN: These are job killing cuts.

PELOSI: Sequestration equals unemployment.

UNIDENTIFIED MAN: As many as 40,000 teachers could lose their jobs.

UNIDENTIFIED MAN: We expect that they will change their schedules and cancel flights.

UNIDENTIFIED MAN: This is going to hurt a lot of moms and dads in our region.

CANDY CROWLEY, CNN CHIEF POLITICAL CORRESPONDENT: Everyone thinks this is a -- bad things are going to happen.

(END VIDEO CLIPS)

HANNITY: Here was reaction, syndicated columnist, Fox News contributor Michelle Malkin.

Let's see, between the Bidens and Obamas, eight vacations since the beginning of the year, eight. I can't go back eight years and think that I've had -- well, probably one a year, maybe one and a half. And now, another party and then we have a party coming for Michelle's big birthday, Beyonce and Adele, they're going to be singing at the White House. This place is a rocking place, I mean, except for we the people that pay the bills, we don't get to go.

MICHELLE MALKIN, FOX NEWS CONTRIBUTOR: That's true. Well, I hope America is paying close attention to the party animals in chief, and the vice party animal in chief, and their spouses. I mean, on the one hand, one side of their mouth is singing, "It's the end of the world as we know it" to the rest of the world about sequestration.

Meanwhile at 1600 Pennsylvania Avenue, it's, "Party rocking in the White House tonight, woo hoo!" We got Justin Timberlake and Alabama Shakes, coming and I have to think that this is not just a slap in the face to taxpayers, but particularly a slap in the face to all of the government workers out there who are very concerned about their jobs, and I have friends in the military, I've got friends at DHS, at CIA, at the Border Patrol who are worried about putting food on the table while this guy has got the full feast going on, it seems like every week.

HANNITY: Well, what happened to the fair share stuff and skin in the game stuff and it's our patriotic duty stuff and we have to spread the wealth around stuff? How about we spread the wealth around so kids can go to the White House and get a tour? All of this costs money. Now, you can say, OK, they're performing for free, but those dinners that they're hosting, it's security, just that alone is going to cost enough. And why are they so tone-deaf?

I mean, is that that they have a let the American people eat cake? Do they just feel entitled to this? I mean, did the Obamas, did they live like this before they became the president and first lady? I had no indication they had to have a Rezko deal to get their house for crying out loud.

MALKIN: Yes. Well, they've always been able to have it both ways and to talk out of both sides of their mouths and to live one way while they preach thrift and fiscal responsibility to everyone else. And I'd have to think that finally, at some point, especially among independent-minded people who were duped the first time around, that they realize that they were being sold a bill of goods and there really has to be a limit, an upper limit to how much they can take in terms of the hypocrisy and sanctimony of both the president and the first lady.

HANNITY: I don't know, I mean, they seem to get away with it except for a few exceptions, few of us conservatives are actually watching the rhetoric versus the reality.

MALKIN: Yes.

HANNITY: All right. I've got another question to ask you.

MALKIN: Sure.

HANNITY: Rutgers basketball coach. And this is interesting to me, a guy named Mike Rice, he just got let go after this video revealed him throwing the basketball at the players and being kind of rough on them, pushing them around a little bit, you can see them there and actually hitting some of the kids, he's very intense, and you know, to get in the game, you can see a video there where he's actually pushing one of the players and throwing the ball there. And really, I'm watching this and I'm thinking, all right, I don't like it, he kicked one player there, but on the other hand, you know what? I kind of like old-fashioned, discipline on the other hand. I mean, we've become that politically incorrect? These are adults and they don't want to play for that team, they can leave.

MALKIN: Sports is a rough world and I've got to say honestly I've never been a huge fan of basketball. It's interesting how we only pay attention to these conflagrations when it comes to hate speech. If the left-wing media makes a big fuss and kick over these particular incidents.

I mean, the problem isn't so much there are consequences for hate speech, and I think there should be. The problem is the left is so very, very, very selective about when it chooses to manufacture outrage and when it doesn't.

HANNITY: I agree with that. But isn't he trying to do something because sports are so competitive today, that he's trying to bring the best out of them, put discipline in that team, raise their game, force them to focus, force them to --push them to become champions, and takes intensity, it's like a drill sergeant. Are we now going to fire drill sergeants because they get in the face of cadets and next on the list of politically correct things we can't do?

MALKIN: Well, I certainly agree that political correctness has run amok. I've been talking about it since I was in college myself, and I think that all of these sports coaches now need to be made aware that they are under a huge microscope and anybody with a cell phone or a camera can take these kinds of things now.

And, but I think that there should being of the scrutiny people who blow the whistle on these kinds of things and questions about when they raise it and when they demand swift action and when they don't.

HANNITY: If you don't want to play for that coach anymore then leave. You don't have to stay there. But I can understand, stop hitting them, maybe, but I like the intensity, I like the drive, I like that he's pushing those kids and he runs a tight ship. Maybe -- maybe we need a little more discipline in society and maybe we don't have to be a bunch of wimps for the rest of our lives. My father hit me with a belt and I turned out OK.

MALKIN: I'm all for competition. Same here.

HANNITY: Did you ever get hit? You didn't deserve it.

MALKIN: I certainly did. And with more than a belt.

HANNITY: See? I turned out and you turned out OK.

MALKIN: I'm sure the left thinks we are warped minds because of that.

HANNITY: That's probably true. But that's a good thing. If they like me I feel that things are really bad. Michelle --

MALKIN: I have to tell you, I'm much better at administering spankings now than receiving them.

HANNITY: I'm a whimp at giving them. That's my problem.

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