Yep, and since it is MY money, I'd just as soon have it to save and invest without all the doggone federal constraints placed on its withdrawel and use. If Dubya was truely conservative, all I'd need is a regular savings and/or brokerage account. Instead, he's proposing yet another program to micromanage my investments. First Congress came up with special retirement accounts. Now it's Medical Savings accounts and Education Savings Accounts. And let's not forget his proposal for "private" Social Security accounts.
Rather than simplifying and eliminating these abominations, ol' go-with-the-flow G.W. Bush is just compounding the paperwork spaghetti that is much beloved by tax lawyers and accountants.