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:
“You were born into a different world that will present you with different gifts and challenges. A new vision of manhood will be called for that does not tie so closely into the more aggressive and competitive residues of our male character. You will need to search out new ways of expressing strength, showing mastery, and exhibiting courage—ways that do not depend upon confronting the world before you as an adversary.”
—Kent Nerburn (20th century)
“We see past time in a telescope and present time in a microscope. Hence the apparent enormities of the present.”
—Victor Hugo (1802–1885)
“I am present at the sowing of the seed of the world. With a geometry of sunbeams, the soul lays the foundations of nature.”
—Ralph Waldo Emerson (1803–1882)