The post-9/11 rise in military spending was larger than the rise during Vietnam and during the Cold War. And even if we implement every single cut in the sequester, the fall in spending would be less than the military experienced after Korea, Vietnam, or the Cold War.
After promising in 2008 to bring about a new era of cooperation in Washington, Obama is campaigning in 2012 knowing that, if reelected, he will start his second term with a brutal, economy-shaking showdown with Republicans over spending and taxes.
If you want a perfect illustration of the dysfunction afflicting Washington today, you don't have to look any further than the "sequester." But let's not call it the "sequester." Let's call it what it is: The big, dumb spending cuts that no one wants.