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:
“Before anything else, we need a new age of Enlightenment. Our present political systems must relinquish their claims on truth, justice and freedom and have to replace them with the search for truth, justice, freedom and reason.”
—Friedrich Dürrenmatt (1921–1990)
“As regards the celebrated “struggle for life,” it seems to me for the present to have been rather asserted than proved. It does occur, but as the exception; the general aspect of life is not hunger and distress, but rather wealth, luxury, even absurd prodigality—where there is a struggle it is a struggle for power.”
—Friedrich Nietzsche (1844–1900)
“All futurity
Seems teeming with endless destruction never to be repelled;
Desperate remorse swallows the present in a quenchless rage.”
—William Blake (1757–1827)