President Trump’s cabinet pick for the department of Housing and Urban Development may have just saved the nation an unbelievable fortune.
Dr. Ben Caron, a neurosurgeon by trade, was chosen by President Trump to head the HUD after the two squared off in the 2016 presidential primaries. Now, that choice may have saved the nation an incredible sum of money, as Dr. Carson has revealed his initial findings as director.
“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.'”
Dr. Carson’s audit of the department is yet another piece of evidence against the Obama administration’s lack of due diligence. The former President’s lame duck term was characterized by a bevy of 11th hour legislative nonsense that certainly impacted American taxpayers to a staggering degree. Thanks to Dr. Ben Carson, we now know at least a fraction of the fortune left on the table by the democratic deity.