I believe Steeltime is pointing out that HUD had a $50 billion rental voucher budget not a $50 B budget.
Dr. Ben Carson Finds Half TRILLION Dollars in Errors While Auditing Obama’s HUD
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JFC!
The entire Federal budget is like $3.8 Trillion. So about one seventh is a only fraction of the HUD budget alone?And the total HUD budget is? And of course, this $500 billion in budgetary errrors is the first place anyone has ever heard of it. Classic example of the Alt right not bothering to think something through. Outrage for the sake of outrage. Idiocracy.
Or it was over a large period of time.. or it included inflated values of assets... its not hard to get there especially over a ling period of time
^This. You do realize how federal budgets work, right Trog? 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. Although I admit the article is vague in what it's determining the errors are in their "notes". It's pretty specific about the 3.4 billion discrepancy in their financial statements though.
Hey somebody around here that isn't brain dead..... How 'bout that
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Kinda like projecting that every illegal immigrant voted twice for Hillary gets you to 5 million fraudulent votes...
Moral of the story: Obama was a corrupt fuckup.
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No that is how you do the "proven science" behind climate change
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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.
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.
Not fake news according to link in the OP.
The link in the OP does not indicate that $520 billion in actual dollars was not accounted for or lost, wasted, whatever... the link merely states that accounting errors occurred adding up to $520 billion.
As in the example used in the Snopes link: An accountant entered a $1000 payment 6 times. That doesn't mean $6K was lost.
What this does prove is the ineptness of government. Imagine private sector businesses operating with such ineptitude.
Bottom line:
WHAT'S TRUE
Accounting errors found by HUD's Office of the Inspector General in 2015 and 2016 financial statements totaled more than $500 billion.
WHAT'S FALSE
The audit was initiated before Ben Carson assumed his position at HUD, and it reckons an aggregate figure of accounting errors and not an actual recovery of $500 billion in funds.
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/
http://dailycaller.com/2016/06/17/fact-checking-snopes-websites-political-fact-checker-is-just-a-failed-liberal-blogger/
^FACT
But even a biased bullshit tool of the left squirrel finds an acorn once in a while!...plus if you look at all the reporting on this story, they clearly say "accounting errors", not that $520 Billion was actually wasted.
I mean $520 billion is the budget of the entire U.S. military!
How much was actually wasted because of accounting errors I don't have a clue.
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I consider it Fake News when you use a misleading headline to disguise what the real story is.
The real story is an audit was started while Obama was President and accounting errors were found,
not necessarily loss of funds. An accounting error can be as simple as misclassifying an amount.
The real story is an audit was started while Obama was President and accounting errors were found,
not necessarily loss of funds. An accounting error can be as simple as misclassifying an amount.