I believe Steeltime is pointing out that HUD had a $50 billion rental voucher budget not a $50 B budget.
I believe Steeltime is pointing out that HUD had a $50 billion rental voucher budget not a $50 B budget.
So the amount in budgetary errors was TEN TIMES the HUD budget? Color me skeptical.
So the amount in budgetary errors was TEN TIMES the HUD budget? Color me skeptical.
That budget is for a fiscal year. Over almost a decade (taking into account inflation, budget deficits that affect the amount of interest etc.), it's not hard to accumulate the numbers they're mentioning.
Kinda like projecting that every illegal immigrant voted twice for Hillary gets you to 5 million fraudulent votes...
http://www.snopes.com/carson-hud-accounting-errors/
This is classic Fake News. This audit was started back when Obama was still President. The 500 billion figure isn't
lost money, it's the aggregate of accounting errors. Seems like an odd statistic, but they added things that were
negative errors to errors that were positive. For all we know, the negative and positive resulted in breakeven.
HUD doesn't have a big enough budget to lose 500 billion dollars.
Snopes has been proven to be a biased, bullshit tool of the left.
http://dailycaller.com/2016/06/17/fact-checking-snopes-websites-political-fact-checker-is-just-a-failed-liberal-blogger/