The Pentagon threatens 800,000 layoffs/ furloughs if the sequester goes through.
Look, we are the world's policeman, or we aren't. The country needs to decide and budget accordingly, but when our military budget is bigger than something like the next four contenders combined, I think we can stand a little downsizing.
In fact, the only way we can reduce our problem government is through draconian (if they really are all that bad) cuts like this. The sooner we get started, the better.