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 see past time in a telescope and present time in a microscope. Hence the apparent enormities of the present.”
—Victor Hugo (1802–1885)
“Women ... are degraded by the ... propensity to enjoy the present moment, and, at last, despise the freedom which they have not sufficient virtue to struggle to attain.”
—Mary Wollstonecraft (1759–1797)
“Heav’n from all creatures, hides the book of Fate,
All but the page prescrib’d, their present state:”
—Alexander Pope (1688–1744)