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Tony Blair - Prime minister

"The Y2K problem is an enormous challenge, and we must meet it. Enactment of this legislation is a significant achievement toward allowing all of us to take a successful step into the new millennium."

President Clinton
October 19, 1998"

Indeed, we're all in this together. This involves not just federal agencies, but every one who depends upon a computer, which is every one directly or indirectly. Federal and state governments and local governments, businesses large and small, the year 2000 problem reveals the connections between all of us.
…It happened, you know, because in the older computers the memory put on the chip was precious and much more limited than the phenomenal capacity of computer chips today, so that, in effect, they were all programmed, these older computers, just to change the last two digits on the four numbers of any date. And so what would happen is, when you get to the year 2000, it would show 1900 instead of 2000, because there is no provision for the 19 to go to 20, because of the limitations of memory in the older computer chips. The problem is, obviously, that a lot of new computers are also interconnected with older computers and a lot of people can't even be sure what chips are in what computers and what links are there. That's what makes this labor-saving device of the computer present the most labor-intensive problem imaginable. Retired people have had to come back -- people with skills in working with the old computers have had to come back to help all kinds of businesses figure out how to unravel this problem. It sounds so simple, but it is so mammoth because you have to identify what computers and what chips are where and what the interconnections are."

President Clinton

"The bottom line, however, is that the Canadian government cannot, nor for that matter can any other government or private organization, guarantee that every single system will be Year 2000 compliant.
It is simply not possible, given the huge number of information technology systems, the tremendous amount of work to be done to make those systems compliant, the thousands of interfaces and interdependencies that link them to other systems and the limited time available.
We expect that there will be some glitches. Our goal is to minimize the possible disruption of service to Canadians.
Our first priority is repairing those systems that support services vital to the health, safety, security, and economic well-being of Canadians.
We have also prepared contingency plans to continue service if there are glitches."

"Y2K has been labelled the " most dangerous formula ever, since the creation of the formula for the atomic bomb". We cannot over emphasize the consequences of not taking action to correct this problem.
If nothing is done, we are facing a disaster. If too little is done, we face a disaster. If only some people take action and other don't, we will face a disaster.
Many companies are delaying spending money on the Millennium Bug problem because of budget constraints and other priorities. But by not taking action they are jeopardising the long term-health of their companies. Many businesses may not have the resilience to withstand a huge financial loss."