The sequester—Washington’s mindless across the board budget cuts—is here. Pentagon leaders have until now taken the easy way out by targeting two pots of money for the biggest hits: modernization and readiness. Modernization is the military’s investment in the future, while readiness pays for a healthy force today. While the automatic cuts are not saving substantial sums of money, if they are going to hit defense spending, they need to hit the right targets. Will President Obama allow that and will the Pentagon meet the challenge?