How much will the federal government spend eradicating Y2K bugs?
The Office of Management and Budget estimates that, by September 2000, the federal government will have spent $8.38 billion on Y2K-related problems. As part of that figure, the Federal Aviation Administration said it had spent $368 million — the price of two 747s — fixing its systems. The Pentagon spent $3.6 billion, enough to buy an aircraft carrier. The White House shelled out $23 million, enough for a tanker’s worth of Michelob, a crate of t-shirts imprinted with the slogan “We’re Gonna Party Like It’s 1999” and a steamy, hip-swivelin’ command performance by Christina Aguilera. President Clinton said he planned a quiet evening at home with friends.
