The cartoon is "Proposed Cuts to PBS" by Daryl Cagle of MSNBC.com. It's referencing the current situation where many republicans want to stop the government from funding PBS. The elephant references republicans, and the Sesame Street characters represent PBS. There are bullet holes in the wall, suggesting that the elephant may have missed. The Sesame Street characters are blindfolded and smoking, which may mean that PBS is killing itself and it doesn't even know it.
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