Many conservatives and Republicans are greeting the looming sequestration spending cuts with a collective yawn. “The much-ballyhooed ‘sequester’ is a cut of $85 billion in a nearly $4 trillion federal budget. Good, let’s do it,” writes one contributor to National Review Online‘s symposium on sequestration. 

It’s true that sequestration is a tiny cut to total federal spending. But it is also true that sequestration is a major cut to defense spending.