President Trump picked some very intelligent individuals to be a part of his administration, but probably none of their IQ’s come close to that of Dr. Ben Carson. Carson and Trump faced off in the Republican primaries, and Trump knows first hand the kind of intellect that his former opponent possesses.
This is probably why he tasked Carson with an area of government that might need some of the most overhaul; Housing and Urban Development (HUD).
Carson is a no-nonsense kind of guy, and one of his first endeavors was to get the books in order at his new post.
According to the IG report, after the first review, Obama staffers had to correct a whopping $520 billion in bookkeeping errors.
When the IG remained unable to issue an opinion for fiscal years 2015 or 2016, he gave Obama staffers a three-month extension. Thus, their reprieve allowed them to fix $3.4 billion in 2015 errors and $516.4 billion in 2016 errors.
After HUD’s re-submission of paperwork, 11 material weaknesses, seven significant deficiencies, and five instances of failure to comply with laws and regulations remain unresolved.
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,” the IG said.
If the Obama team hired qualified staff, the unresolved issues below would already be resolved:
HUD lawyers repeatedly refusing to sign a management letter listing all HUD litigation
HUD’s improper accounting methods
Failure to correctly measure assets and liabilities
Discrepancies between general ledger and sub-ledger accounts
Lack of sufficient support for an audit of $4.2 billion in loan assets from Ginnie Mae’s financial statements.
The Fix was simple. Obama’s HUD needed to “comply with generally accepted accounting principles.”
BUT, according to an Obama official in December of 2016:
“HUD does apply generally accepted accounting standards,” despite the IG report that we do not.
This is completely incredulous considering their own track record, but democratic senators said this about Carson taking over the position as Secretary of Housing and Urban Development.
“I have serious concerns about Dr. Carson’s lack of expertise and experience in dealing with housing issues. Someone who is as anti-government as him is a strange fit for Housing secretary, to say the least,” Schumer said in a statement.
And House Minority Leader Nancy Pelosi (D-CA) called Carson a “disconcerting and disturbingly unqualified choice.”
Yeah, because Carson is the problem with Washington.
(Source: Right Wing News)