Ben Carson has revealed massive incompetence and possibly corruption in Obama’s Department of Housing and Urban Development, with over half a trillion dollars improperly accounted for.
The Inspector General (IG) for the Department of Housing and Urban Development (HUD) revealed this week that for three straight years, Obama’s HUD staff cooked the books, according to. These morons wouldn’t know a balance sheet from a fitted sheet, reports Blacksphere.
HUD’s books are in such bad shape that the IG can’t complete an audit on their second try.
Here’s what happened on the first try:
According to the IG report, after the first review, Obama staffers had to correct a whopping $520 billion in bookkeeping errors.
When the IG remained unable to issue an opinion for fiscal years 2015 or 2016, he gave Obama staffers a three-month extension. Thus, their reprieve allowed them to fix $3.4 billion in 2015 errors and $516.4 billion in 2016 errors.
After HUD’s re-submission of paperwork, 11 material weaknesses, seven significant deficiencies, and five instances of failure to comply with laws and regulations remained unresolved.
The continued problems “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,” the IG said.
If the Obama team hired qualified staff, the unresolved issues below would already be resolved:
- HUD lawyers repeatedly refusing to sign a management letter listing all HUD litigation
- HUD’s improper accounting methods
- Failure to correctly measure assets and liabilities
- Discrepancies between general ledger and sub-ledger accounts
- Lack of sufficient support for an audit of $4.2 billion in loan assets from Ginnie Mae’s financial statements.
The Fix was simple. Obama’s HUD needed to “comply with generally accepted accounting principles.”
So, where is the money? The left always accuses the right of trying to destroy the safety net for those who are really in need. The truth is that the left wants to turn that safety net into a fishing net. That helps no one. They are glad to hand out welfare to those who do not really need it, hurting severely the ones who really do!
For three straight years, Obama’s HUD staff cooked the books. They abused the system, They abused the system with money that belongs to the people.
Of course, in response to these recent revelations, the Democrats took to attacking Dr. Carson instead of facing the issue:
“I have serious concerns about Dr. Carson’s lack of expertise and experience in dealing with housing issues. Someone who is as anti-government as him is a strange fit for Housing secretary, to say the least,” Schumer said in a statement.
And House Minority Leader Nancy Pelosi (D-CA) called Carson a “disconcerting and disturbingly unqualified choice.”
Socrates said that, “When the debate is lost, slander becomes the tool of the loser!”
Pelosi and Shumer are using an age old tactic. Use ad-hominem when you cannot debate the issue.
Obama has left a trail of wasted money in his path. This is just one example. Remember Solyndra?
There is a new sheriff in town and he is focused on saving money. It will take a lot of work to get the money back that was wasted for 8 years.
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