I have so many mixed feeling on this topic, due to my own experiences. Having served in the Army, I can tell you I would not want to serve with someone forced to be there. The job is too dangerous without having to worry about someone not putting their best efforts into a task because he/she doesn't want to be there in the first place. And, why do this disservice to those who choose to serve.
At the same time, especially back when I worked in Juvenile Court, I saw so many young people walking through life, immature, with no real purpose other than to party hard, get stoned/drunk/etc., and get laid. A little compulsory service might just allow them to grow up without ruining their lives. I know many people who served, and it allowed them the opportunity to grow up. Many of the people I went to law school with stated that they would never have made it through undergrad, much less gone on to law school, had it not been for the discipline and maturity they got while serving.
Tough decision, so I'll err (if at all) on the side of saying no draft. At least until the next full scale world war.