President Bushs Faith Based Initiative will provide funding for Individual Development Accounts (IDA). What are they?
An IDA is a fund from the excess welfare funds, due to welfare to work. Rather than just giving the money to people who do not work, the government is rewarding people who are employed. By matching their savings of $1,000 (varies by state 1 to 1 or up to 3 to 1, between 1-3 years) for a down payment on a home, secondary education or starting a small business.
