Present
In FY 2011, Social Security, Medicare, and Medicaid were the largest individual mandatory expenditures, together accounting for about 70 percent of all mandatory spending. Various income security programs, such as SNAP, unemployment compensation, and earned income and child tax credits, accounted for an additional 18 percent of mandatory spending.
Read more about this topic: Mandatory Spending
Famous quotes containing the word present:
“We shall be better prepared for the future if we see how terrible, how doomed the present is.”
—Iris Murdoch (b. 1919)
“Every boy was supposed to come into the world equipped with a father whose prime function was to be our father and show us how to be men. He can escape us, but we can never escape him. Present or absent, dead or alive, real or imagined, our father is the main man in our masculinity.”
—Frank Pittman (20th century)
“The consciousness of the falsity of present pleasures, and the ignorance of the vanity of absent pleasures, cause inconstancy.”
—Blaise Pascal (1623–1662)