Wayne:
I promise you won’t see this anywhere in the mainstream media, but Americans need to know about it.
Democrats were hating that President Trump added Dr. Ben Carson to his cabinet, and they were even more angry when they realized he was being placed in charge of Housing of Urban Development.
Carson has gone into that agency and just discovered one of the biggest bookkeeping errors probably in American government history… if you assume it’s only an “error.”
Source: Housing and Urban Development Inspector General’s Report, 3/1/17:
The total amounts of errors corrected in HUD’s notes and consolidated financial statements were $516.4 billion and $3.4 billion, respectively. There were several other unresolved audit matters, which restricted our ability to obtain sufficient, appropriate evidence to express an opinion. These unresolved audit matters relate to
(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) the $4.2 billion in nonpooled loan assets from Ginnie Mae’s stand-alone financial statements that we could not audit due to inadequate support,
(4) the improper accounting for certain HUD assets and liabilities, and
(5) material differences between HUD’s subledger and general ledger accounts.
This audit report contains 11 material weaknesses, 7 significant deficiencies, and 5 instances of noncompliance with applicable laws and regulations.
Dr. Carson found massive, unthinkable errors and that should silence his critics that he couldn’t do his job. But of course, it won’t. They’re liberals, after all.
President Trump is draining the swamp and as of right now it’s a snail’s pace, but he’s getting it done and the American people are witnessing it, even though the media won’t report it.
The tax and spend demacrats dipping their hands in the public’s cookie jar
Well its amazing all the improperly accounted for ca$h from different departments. All the really smart people Obama appointed to these positions but none with accounting 101, looks like we need some conservative CPAs to keep the books. Speaking of tax payer money, I would like a full audit of who got audited vs who donated to conservatives in BOTH elections lets just see how weaponized the government was under good scandal free Obama.
The $520 billion figure is the aggregate total of all arithmetical accounting errors, not vanished or misspent funds.
Did Ben Carson Discover $500 Billion in Accounting Errors at HUD?
Ben Carson didn’t “find it,” either. The comprehensive accounting audit was begun before he had anything to do with HUD.
This is how The Daily Wire told the tale:
The idiocracy has arrived.
every wonder how must the slut, radical muslin terrorist and kerry took along with a few more demorats?