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:
“To appreciate present conditions
collate them with those of antiquity.”
—Basil Bunting (1900–1985)
“The lowest and vilest alleys of London do not present a more dreadful record of sin than does the smiling and beautiful countryside.”
—Sir Arthur Conan Doyle (1859–1930)
“It must be confessed that horses at present work too exclusively for men, rarely men for horses; and the brute degenerates in man’s society.”
—Henry David Thoreau (1817–1862)