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:
“It is sadder to find the past again and find it inadequate to the present than it is to have it elude you and remain forever a harmonious conception of memory.”
—F. Scott Fitzgerald (1896–1940)
“There is natural ignorance and there is artificial ignorance. I should say at the present moment the artificial ignorance is about eighty-five per cent.”
—Ezra Pound (1885–1972)
“I will venture to affirm, that the three seasons wherein our corn has miscarried did no more contribute to our present misery, than one spoonful of water thrown upon a rat already drowned would contribute to his death; and that the present plentiful harvest, although it should be followed by a dozen ensuing, would no more restore us, than it would the rat aforesaid to put him near the fire, which might indeed warm his fur-coat, but never bring him back to life.”
—Jonathan Swift (1667–1745)