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:
“I had some short struggle in my mind whether I should resign my lover or my liberty, but this lasted not long. I found myself as free as air and could not bear the thought of putting myself in any man’s power for life only from a present capricious inclination.”
—Sarah Fielding (1710–1768)
“New York has never learnt the art of growing old by playing on all its pasts. Its present invents itself, from hour to hour, in the act of throwing away its previous accomplishments and challenging the future. A city composed of paroxysmal places in monumental reliefs.”
—Michel de Certeau (1925–1986)
“The reverence for the deeds of our ancestors is a treacherous sentiment. Their merit was not to reverence the old, but to honor the present moment; and we falsely make them excuses of the very habit which they hated and defied.”
—Ralph Waldo Emerson (1803–1882)