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Monday, April 3, 2017

HUD Inspector General Can't Complete Audit. Talk About A Screwed Up System

Dr. Ben Carson Shocked 

as AUDIT of Obama’s 

HUD Dept. Finds

 BILLIONS of Dollars

 in Errors!

It has become clear this week that Housing and Urban Development (HUD) 
has been a black hole for taxpayer money.
Of course, HUD has always been known to be one of those departments where
 abuse runs rampant. As an example, the city of San Antonio, Texas which
 was run by an up and coming Democrat named Julian Castro, may have
 misappropriated over 1 million dollars in federal neighborhood stabilization
 funds. With that in mind, it was very surprising to most government watchdogs 
that Obama picked Castro to be the HUD secretary during his term.
So, apparently no one saw any potential problems with Castro. But now….
The Daily Caller reports:
Despite officials from the Department of Housing and Urban Development
 (HUD) correcting $520 billion in bookkeeping errors, the department’s financial 
records have been so poorly kept that HUD’s inspector general (IG) cannot
 complete an audit of them.
According to a new report from the IG, HUD officials cleaned up $3.4 billion in 
errors from its 2015 financial records and $516.4 billion in errors from 2016, 
after the IG was unable to issue an opinion on either year’s financial statements
 in December.
The level of incompetence is amazing to see here.  It’s no wonder the federal
 government has brought the country to the brink of financial ruin.  Imagine if the
 USA were a  private company…you can guarantee that most people running it 
would be going to fired or going to prison.


The IG remained unable to issue an opinion on HUD’s financial statements even
 after giving the department an extension and receiving a resubmission from HUD 
three months later with the reported issues unresolved.
The continued problems, the IG said, “were due to an inability to establish a
 compliant control environment, implement adequate financial accounting systems, 
retain key financial staff, and identify appropriate accounting principles and policies.”
So HUD practically ignored all financial accountability laws in practice.  So you’d
 imagine that Castro would be shamed by these revelations.  BUT…you would be 
very wrong!
In fact, he actually tried to counsel Ben Carson on how NOT to mess up the 
department.  How arrogant!
HUD is supposed to have a mission to help provide affordable housing for the
 needy, but as usual, Democrats have totally screwed it up with corruption.
Hopefully, Ben Carson can use some of the good sense he’s displayed in order
 to get this department back in shape.
One good idea would be to fire all Obama appointees, or anybody that has an
 Obama decal on their car in the parking lot.
If you haven’t checked out and liked our Facebook page, please go here and do so.It 
has become clear this week that Housing and Urban Development (HUD) has been a 
black hole for taxpayer money.
Of course, HUD has always been known to be one of those departments where abuse
 runs rampant. As an example, the city of San Antonio, Texas which was run by an up
 and coming Democrat named Julian Castro, may have misappropriated over 1 million
 dollars in federal neighborhood stabilization funds. With that in mind, it was very 
surprising to most government watchdogs that Obama picked Castro to be the HUD
 secretary during his term.
So, apparently no one saw any potential problems with Castro. But now….
The Daily Caller reports:
Despite officials from the Department of Housing and Urban Development (HUD)
 correcting $520 billion in bookkeeping errors, the department’s financial records have
 been so poorly kept that HUD’s inspector general (IG) cannot complete an audit of 
them.
According to a new report from the IG, HUD officials cleaned up $3.4 billion in errors
 from its 2015 financial records and $516.4 billion in errors from 2016, after the IG 
was unable to issue an opinion on either year’s financial statements in December.
The level of incompetence is amazing to see here.  It’s no wonder the federal
 government has brought the country to the brink of financial ruin.  Imagine if the
 USA were a  private company…you can guarantee that most people running it
 would be going to fired or going to prison.
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The IG remained unable to issue an opinion on HUD’s financial statements even after giving the department an extension and receiving a resubmission from HUD three months later with the reported issues unresolved.
The continued problems, the IG said, “were due to an inability to establish a compliant control environment, implement adequate financial accounting systems,
 retain key financial staff, and identify appropriate accounting principles and policies.”
So HUD practically ignored all financial accountability laws in practice.  So you’d 
imagine that Castro would be shamed by these revelations.  BUT…you would be very
 wrong!
In fact, he actually tried to counsel Ben Carson on how NOT to mess up the
 department.  How arrogant!
HUD is supposed to have a mission to help provide affordable housing for the needy, 
but as usual, Democrats have totally screwed it up with corruption.
Hopefully, Ben Carson can use some of the good sense he’s displayed in order to get
 this department back in shape.
One good idea would be to fire all Obama appointees, or anybody that has an Obama
 decal on their car in the parking lot.
If you haven’t checked out and liked our Facebook page, please go here and do so.