Do you remember when the left was freaking out that Trump picked Dr. Ben Carson as HUD secretary? The left said that Carson was “unqualified” and that the job would be “too complicated” for a brain surgeon. Well, the left must be losing their minds after Carson uncovered the ineptitude on the behalf of the Obama administration in the HUD office.
But, how much incompetence are we talking? The auditors found over a half trillion dollars in errors.
One of the auditors said, “The total amounts of errors corrected in HUD’s notes and consolidated financial statements were $516.4 billion and $3.4 billion, respectively,”
But, guess what? The issues didn’t stop there.
According to the Housing and Urban Development Inspector General’s report:
“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 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.”
Well, maybe the reason the left was so freaked out about Carson’s appointment as the HUD secretary is simple. The left knew that it would be revealed that Obama’s HUD department was cooking the books.
Now, the big question is what happened to all that money? You can sure bet your bottom dollar that the Republicans will be asking that very question soon. I can only hope that they fund this money and hold them all responsible.
H/T [ Hannity ]
FOLLOW us on Facebook at Freedom Daily!