Update: Ben Carson Finds $500 Billion Dollar Error from Obama’s Housing Agency

The correct terminology would not be errors but outright theft by Obama and his trolls while they were still in office.
A friend visiting me today commented that all the negativity coming out about Trump and his administration is making Trump voters get a bit wobbly.
I reminded him that 99% of what is out there is the leftist media is Fake News, made up by organizations too morally bankrupt to hire actual reporters.
 Of course, it didn’t take a neurosurgeon to come determine this criminal behavior, but isn’t it great he on our side?
Look for HUD’s budgets to be slashed by the Trump Administration.
In fact,  if this was a group needed at all, why isn’t it being outsourced to the private sector?
 
Dr. Ben Carson discovered more than $500 billion in errors in his audit of the Obama administration’s Housing and Urban Development budget. 
The Daily Caller News Foundation
Kathryn Watson
April 10, 2016

One of the first things Carson did after being confirmed as Secretary of HUD was to go through the Obama administration’s budget with a surgeon’s precision.

It wasn’t long until he found a big problem.

“The total amounts of errors corrected in HUD’s notes and consolidated financial statements were $516.4 billion and $3.4 billion respectively,” the auditors wrote.from theoffice of the Inspector General (Source)

 

Will they be held accountable?

That’s for attorney General Jeff Sessions to decide.

The Daily Wire reports that wasn’t the only problem he found.

According to the Housing and Urban Development Report, other big problems include:

1) The Office of General Counsel’s refusal to sign the management representation letter,

(2) HUD’s improper use of cumulative and first-in, first-out budgetary accounting methods of disbursing community planning and development program funds,

(3) $4.2 billion in non-pooled loan assets from Ginnie Mae’s standalone financial statements that we could not audit due to inadequate support,

(4) The improper accounting for certain HUD assets and liabilities, and

(5) Material differences between HUD’s sub-ledger and general ledger accounts.

This audit report contains 11 material weaknesses, 7 significant deficiencies, and 5 instances of noncompliance with applicable laws and regulations.

The auditors said the massive budgetary 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 END

 

 

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About JCscuba

I am firmly devoted to bringing you the truth and the stories that the mainstream media ignores. Together we can restore our constitutional republic to what the founding fathers envisioned and fight back against the progressive movement. Obama nearly destroyed our country economically, militarily coupled with his racism he set us further on the march to becoming a Socialist State. Now it's up to President Trump to restore America to prominence. Republicans who refuse to go along with most of his agenda RINOs must be forced to walk the plank, they are RINOs and little else.
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3 Responses to Update: Ben Carson Finds $500 Billion Dollar Error from Obama’s Housing Agency

  1. malenurseken says:

    Lets get the FKTURD back to USA and face all his charges! I SAY EXECUTION!

    Like

    • JCscuba says:

      The original way of dealing with those who committed treason was to draw and quarter them, i.e. tie by wrist and ankles to four separate horses and pull the asshole apart. I’ve got horse number 1, anyone want horses 2,3 and 4? If he had any balls we could add a 5th horse.

      Liked by 1 person

  2. malenurseken says:

    Oh yea. Maybe a 2000 pound mule even work! If not I have a few tractors. Plenty of horses HP to do the job!

    Like

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