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:
“Open the envelope quickly,
O this is not our son’s writing, yet his name is sign’d,
O a strange hand writes for our dear son, O stricken mother’s soul!
All swims before her eyes, flashes with black, she catches the main
words only,
Sentences broken, gunshot wound in the breast, cavalry skirmish, taken to hospital,
At present low, but will soon be better.”
—Walt Whitman (1819–1892)
“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)
“It cannot be denied that for a society which has to create scarcity to save its members from starvation, to whom abundance spells disaster, and to whom unlimited energy means unlimited power for war and destruction, there is an ominous cloud in the distance though at present it be no bigger than a man’s hand.”
—Arthur Stanley Eddington (1882–1944)