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The 2 and a half war doctrine was part of the Flexible Response defense protocols JFK instituted during his presidency. Basically, it's the idea that the US military should, during a time of peace, have the ability to fight simultaneously 2 large (i.e., regional) wars as well as a small brushfire war.
I think it's interesting that it's being disregarded, but in today's world so much of what we do is tied up together despite being on different fronts that it might be difficult to say "well, that's war A, and that's war B".
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