I think this is another overblown Y2K scare-mongering, from the usual "the sky is falling crowd."

Yes. The United States has serious budget problems. But with a $3.6 Trillion budget with $1.2 Trillion in pure deficit...that $0.1 Trillion in cuts brings the US to a halt is completely ludicrous. The emperor is a fascist. How about cut the unnecessary, unprecedented secret service support for all the WH staff--no other admin has done that, and the record numbers of double-simultaneous executive vacations? Where's that branch of government's share of the pain? At least Senator Rand Paul turned over 20% of his Congressman's budget back to the US Treasury. That's leadership. What about the other 99 Upper House reps and the 435 Lower House reps? Throw the bums out if they can't trim their own fat.