By now, most people are familiar with the crux of the Y2K problem. Many computer codes were written to deal with years as two-digit numbers. If this happens, devices operating through noncompliant software or hardware may crash. These devices include home security systems, ATMs, airplanes, VCRs and business computer mainframes. Chaos will ensue.
Nobody denies that the problem exists.
Computer code needs to be fixed. Skeptics say the rest is all hype. Bannon said it's easy to repair and most companies are taking the necessary steps. The average consumer is not going to have any problem at all. Your microwave will keep on running no matter what date it's set for.