Y2K funds seem to be well spent

THE prophets of doom were wrong. We survived the millennium bug and appear to have weathered the storm that was created.

Yes, there were isolated instances of ticketing machines and ATMs that were less than correctly functioning on 1 January 2000 but in the main it does seem that we got away fairly easily.

Now the baying has commenced and centres on the issue of whether we should have spent the $12 billion it cost us to guard against the problem.

Whilst the question is probably valid I don’t think that I would have wanted to be the one that didn’t spend the money and discovered that there was a problem. It is unlikely we will ever know whether the expenditure was valid.

At the end of the day it was at least an expenditure that flowed into the economy generally to boost sectors that will add to the GDP.

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