First ... George Will is calling Obama the "Hysteric in Chief". I think he makes good arguments. The sequester cuts are so modest that the payroll tax increases workers experienced in January had a bigger impact on family budgets than the sequester cut will have on the government budget.
Here is Tyler Cowen explaining trying to defend Republicans.
The news coverage of this is not very objective. Most stories only focus on those who dislike the sequester, not on the potential benefits.
And ... a bonus non-sequester link. Here is a great video on ideological tolerance by Juan Williams. (From John Lott's blog.)