Y2k: Should We Be Worried?

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In order for programmers to make COBOL see a date so that it can tell which date comes first they made the year come first (961215). This way if a program sees December 15, 1996 (961215) and November 19, 1986 (861119) it can tell that November 19, 1986 is before December 15, 1996 because the number 861119 is smaller than 961215...
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This is fine until it gets to dates like December 19, 2005. Using a COBOL date it would appear as 051219. Is it before or after November 12, 1986 (861112)? Obviously it is before. This confuses the computer so much that it quits. With all of this talk about computers, some began to think, "Well, if that happens to PC's(personal computers), then why wouldn't it happen to the mainframes(the large computers that run the phone companies, electric companies, etc...
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