THE Y2K SEQUESTER?
As of last Friday, the inability or intransigence of President Barack Obama and Republicans in the House of Representatives to reach a budget agreement triggered the much publicized sequester. $85 billion dollars will be automatically cut “evenly” from the budget with $46 billion coming out of the Pentagon and the remainder from “discretionary” domestic spending programs. Depending where you sit, these cuts are either “catastrophic” or “no big deal.” The most relevant ballyhooed, over-hyped, non-crisis was Y2K. As the world entered a new millennium, the fear was that computers were not programmed to change to the year 2000. A cyber Armageddon was predicted. Airplanes would fall out the sky; bank [...]