The cost of the inauguration is borne by donors & ticket sales for the black tie events, not by taxpayers.
Except for security costs.
Who wants to cancel the inauguration? A couple of letters-to-the-editor & a few wackos?
http://www.foxnews.com/story/0,2933,143977,00.html
edit Actually it seems noone wants to cancel the inauguration.
Half of Bush voter's think the inauguration should be scaled back? Does that transform them into 'Hollywood liberals'?