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:
“The technological landscape of the present day has enfranchised its own electorates—the inhabitants of marketing zones in the consumer goods society, television audiences and news magazine readerships... vote with money at the cash counter rather than with the ballot paper at the polling booth.”
—J.G. (James Graham)
“All futurity
Seems teeming with endless destruction never to be repelled;
Desperate remorse swallows the present in a quenchless rage.”
—William Blake (1757–1827)
“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)