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Ben Carson was the first neurosurgeon to successfully separate conjoined twins, so, he's kind of a super hero. But apparently, he's also not a bad accountant. President Trump picked Carson to head the Department of Housing and Urban Development, whose budget grew by leaps and bounds under Barack Obama. In one of his first acts as HUD Secretary, Carson ordered an audit of the agency. What he found was staggering: $520 billion in bookkeeping errors. "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. But there were plenty of other problems, too. 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. The same problems were detailed for each of the last three audits, and the auditors say 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." So, look for Carson to get out his scalpel and start operating. Or perhaps he'll use a machete. http://www.dailywire.com/news/...s-during-joseph-curl | ||
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Yokel |
Way to Go. Beware the man who only has one gun. He probably knows how to use it! - John Steinbeck | |||
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| I believe in the principle of Due Process  |
Nothing new. HUD books worthless. Luckily, I have enough willpower to control the driving ambition that rages within me. When you had the votes, we did things your way. Now, we have the votes and you will be doing things our way. This lesson in political reality from Lyndon B. Johnson "Some things are apparent. Where government moves in, community retreats, civil society disintegrates and our ability to control our own destiny atrophies. The result is: families under siege; war in the streets; unapologetic expropriation of property; the precipitous decline of the rule of law; the rapid rise of corruption; the loss of civility and the triumph of deceit. The result is a debased, debauched culture which finds moral depravity entertaining and virtue contemptible." - Justice Janice Rogers Brown | |||
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| Member |
I was a big Carson supporter during the primaries. I believe he is intelligent enough and far enough outside the usual D.C. Slime to get his department under control, make it productive and do so under budget. An immediate audit is a great first step, let's see how this progresses. | |||
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Dies Irae |
Damn those that have used our government and treasury as their tool and slush fund. Nice job, Dr. Carson and staff. I expect more of this to come out. | |||
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| Staring back from the abyss  |
You don't say. ________________________________________________________ "Great danger lies in the notion that we can reason with evil." Doug Patton. | |||
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| 10mm is The Boom of Doom  |
$500 billion? WTF? That's almost half a trillion dollars. The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt. People again must learn to work, instead of living on public assistance. ~ Cicero 55 BC The Dhimocrats love America like ticks love a hound. | |||
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Better Than I Deserve! |
Last I looked $500 billion is half a trillion dollars. Nothing "almost" about it.  ____________________________ NRA Benefactor Life Member GOA Life Member Arizona Citizens Defense League Life Member | |||
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| Lawyers, Guns and Money  |
Build the Wall! ... and let HUD pay for it! "Some things are apparent. Where government moves in, community retreats, civil society disintegrates and our ability to control our own destiny atrophies. The result is: families under siege; war in the streets; unapologetic expropriation of property; the precipitous decline of the rule of law; the rapid rise of corruption; the loss of civility and the triumph of deceit. The result is a debased, debauched culture which finds moral depravity entertaining and virtue contemptible." -- Justice Janice Rogers Brown "The United States government is the largest criminal enterprise on earth." -rduckwor | |||
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| Mired in the Fog of Lucidity |
Isn't that roughly what the budget has been for defense spending? The same defense budget that libs always want to cut to fund entitlements. Shoot, rather than cut defense just go look in the chair cushions over at HUD! | |||
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Member |
Every single department or agency of the government should be going through a complete anal exam audit. "Fixed fortifications are monuments to mans stupidity" - George S. Patton | |||
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| Peace through superior firepower  |
Gallows and rope | |||
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| Loves His Wife |
Safe to assume the $500,000,000,000 (more of an impact with all the zeros) was not in the taxpayers favor? I am not BIPOLAR. I don't even like bears. | |||
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Step by step walk the thousand mile road |
If any of you were to keep your checkbook as badly as the fed.gov does their accounts, an IRS SWAT team would ambush you in your shower. Nice is overrated "It's every freedom-loving individual's duty to lie to the government." Airsoftguy, June 29, 2018 | |||
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| Mired in the Fog of Lucidity |
That's actually a fantasy of mine, but I digress... | |||
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Member |
What a bunch of bullshit. This is out and out fraud and a bunch of assholes should go to prison for a long, long time. I'm sorry if I hurt you feelings when I called you stupid - I thought you already knew - Unknown ................................... When you have no future, you live in the past. " Sycamore Row" by John Grisham | |||
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| No double standards |
I saw the article today, mused a bit as I teach college accounting/auditing. And I am quite confident this is the tip of the iceberg as to Obama's fraud. "Liberty lies in the hearts of men and women. When it dies there, no constitution, no law, no court can save it....While it lies there, it needs no constitution, no law, no court to save it" - Judge Learned Hand, May 1944 | |||
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| Who else? |
I wanted him for POTUS - just to demonstrate to the idiots that it's the ideas, and not the pigmentation. Carson would make Zero look like the charlatan he is. Go Ben. I love ya'. | |||
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| 10mm is The Boom of Doom |
Every Demo politician and bureaucrat has a right to be a billionaire. It's right there in the Constitutional penumbras. The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt. People again must learn to work, instead of living on public assistance. ~ Cicero 55 BC The Dhimocrats love America like ticks love a hound. | |||
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| The Unknown Stuntman  |
 Couldn't we just do it yearly?   | |||
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