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.
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.
Sponsored by Revcontent
89,001
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.
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