Housing and Urban Development ‘Swimming’ In BILLIONS of Dollars in Errors
Now that Dr. Ben Carson became head of Housing and Urban Development (HUD), many issues have surfaced, including the fact that the Department has been a black hole for taxpayer money.
It should come as no surprise, given that HUD has always been known to be one of those departments where abuse runs rampant. The city of San Antonio, Texas, is only one of the many examples. It was run by an up and coming Democrat named Julian Castro, and it is believed that the city may have misappropriated over 1 million dollars in federal neighborhood stabilization funds. Because of that, most government watchdogs were shocked to find out that Obama picked Castro to be the HUD secretary during his term.
Then came the problems…
Despite officials from the Department of Housing and Urban Development (HUD) correcting $520 billion in bookkeeping errors, the department’s financial records have been so poorly kept that HUD’s inspector general (IG) cannot complete an audit of them.
The IG’s report shows that HUD officials cleaned up $3.4 billion in errors from its 2015 financial records and $516.4 billion in errors from 2016, reports Democrat Busters. That happened after the IG was unable to issue an opinion on either year’s financial statements, even after giving the department an extension and receiving a resubmission from HUD three months later with the reported issues unresolved.
“THE CONTINUED PROBLEMS,” THE IG SAID, “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.”
This means that HUD practically ignored all financial accountability laws in practice.
And the ironic thing is that Castro actually tried to counsel Ben Carson on how NOT to mess up the department.
HUD’s mission is supposed to be helping provide affordable housing for the needy, but as usual, Democrats have totally twisted and corrupted its purpose.
Hopefully, Ben Carson can use some of the good sense he’s displayed in order to get this department back in shape.