in

Obama ‘Lost’ $500 Billion, And That’s Not The Worst Part

We knew Obama was a disaster for our nation, but it just keeps getting worse. An extremely disturbing audit shows that Obama’s HUD department made a “mistake” that is so huge is is hard to believe. Apparently they “miscalculated” $500 BILLION! How that possible?

From Conservative Post:

HUD reissued its fiscal years 2016 and 2015 (restated) consolidated financial statements due to pervasive material errors that we identified.

The total amounts of errors corrected in HUD’s notes and consolidated financial statements were $516.4 billion and $3.4 billion, respectively. 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.

This is too big to just “slip by” unnoticed. They want us to think it was an “accounting error.” It is obvious Obama either endorsed it or chose to ignore it, leaving the Trump administration to deal with the mess.

What is your theory about this “honest mistake?” Was it intentional or a sign of incompetence, and which is worse?

What do you think?

26 points
Upvote Downvote

Total votes: 86

Upvotes: 56

Upvotes percentage: 65.116279%

Downvotes: 30

Downvotes percentage: 34.883721%

Comments

Leave a Reply
  1. Well, who knows if the people who are working there/or used to work there, picked by Obama, are either STUPID or were ORDERED to CREATE this MESS, just as he called ISIS a “JV TEAM” and DIDN’T or REFUSED to FIGHT them as it should have been done by OUR military, remember he HATES the MILITARY, so, my HUMBLE conclusion is just that it was ALL done INTENTIONALLY……..!!!! Just reminds me of Perv Clinton as he WOULDN’T of REFUSED to either KILL Bin Laden or have him LOCKED UP as he (Bin Laden) was SERVED to him on a SILVER platter, literally….Some say that 9/11 was an INSIDE job, sure it was, all CREATED by Perv Clinton, just shows the SIMILARITIES of BOTH of THEM, Clinton/Obama, like 2 (TWO) peas in a pod………!!!!! AND then the PUSH to put Hillary in Office….!!??!!

  2. As a jihadi operative in the WH, Pharaoh Barry was out to make a 4th or 5th world nation of us. He’s an abject slave of the devil, who is luring him to his end in Gei-Hinnom, the lake of fire that the Master Yahusha (Lord Jesus) made for the devil and his fellow demons. Barring his wholehearted repentance and reparations that result from that repentance before the Master Yahusha, he will see many of those whom he oppressed in white robes in the Master’s Presence as he is being sentenced to burn to ashes in the lake of fire, never to rise again. That is sad, because he could have had life the same as anyone, but he chose death, in which the Master has no pleasure, but is zealous to help us live, if we will only turn from our sins and to Him for His makeover, for everlasting life and blessings, amein and amein!

  3. Obama and family should be accountable for this action. He and family should be interrogated, jailed and all assets ceased as this is gross negligence! But ya know what people, the government won’t do NOTHING to him.

    • Money missing from both, State and HUD should be taken from their pensions until the entire amount is returned to the People.

  4. I bet he did it on purpose just to show President Trump & I can see him laughing his hideous laugh at the time. He loved ruining America and wasting our money. When he is soon arrested we need to put a freeze on all his money & it now belongs to our government. He & his “family” wasted so much of our money & everything he did was horrible. He was not even eligible to be the president. He was the worst one ever & ruined America almost to the point of no return. If Donald Trump wouldn’t have come along & we were smart enough to elect him, there would be no America because of obuma.

  5. I wonder what they used for, now let’s show the world who is the stupid one, I want justice. Mr Trump do your job, seek justice

  6. Yes Obama has all this money in his off shore accounts and he should be arrested and spend the rest of his days in prison.

  7. Freeze their accounts, and all assets until monies found and returned! Meantime prosecute for conspiracy, conspiracy to commit treason, treason, conspiracy to commit murder, murder.

  8. Which is why they are trying to remove DR. BEN CARSON as the secretary of housing and urban development. Ahhh the donkeys..they thought with Hillary’s win, they could keep everything hidden from us.. shame, shame ,shame..tsk, tsk…maybe a movement needs to be started to move the cheating liars out!

    • @Secora Jersey! Smashing idea to check Malia and Sasha’s off shore accounts! Iv been wondering hoe two young girls have a net worth of 250million, and 400million..wtf? They are richer than Michelle at 11mil and I believe richer than daddy? Ya THAT SHOULD BE EXPLAINED

      • It should be explained, but will anything that thief ever did be explained? Thank God for Dr. Ben Carson figuring this out and yes they should be made to account for all of it. Where did it go? Those two ugly girls will need money to catch them a man. Yuck.

  9. Total incompetence by the Corrupt Obama Administration, these tax payer funds were stolen by Criminal Obama . Also they still haven’t accounted for the $6 billion dollars that was lost by Hillary Clinton , when she was Secretary of State . John Kerry who took over for her also covered her stealing of taxpayers money , however he needed to be paid as well , so Hillary forked over millions to his account as well . What needs to be done is the Federal High Ranking Employees , did the stealing , covered it up , plus still got well compensated for doing that. Democrats going back in History have been the biggest stealers of Taxpayers money , both money for their Constiuents , so they get reelected , special information on what stocks to buy , where to invest , plus gifts and money for their campaign . Recent proof of that while Senator Menendez from New Jeresy , was helping his doctor friend in Florida steal money from Medicare in the billions , he was giving gifts to the senator in vacations , unlimited campaign contributions , was indicted but it ended up in a hung jury. However when the decision was to re indict for a New Trial for Conspiracy to commit Fraud against the American People , the Justice Department and Jeff Sessions decided not to retry the case. Talk about Corruption it is rampant even in the current Administration in the Justice Department. Sessions needs to go , we need to get someone to run the Department in protecting the People not a bunch of Corrupt Politicians .

  10. @Mike Clark! Absolutely! Sessions needs to go! This guy wants to leave marijuana as a class 1 felony! Are you kidding me? A class one? Above meth, heroin and opioid? He wants to do a crack down on medical marijuana..what?? He’s with her! Take him away

  11. BOTH he didn’t know what he was doing and he did know what he was doing inthe stealing of whatever he could get away with just like Hillary

  12. Just more proof that the insurance policies put in place to take Trump down were far more than we now know. The North Korea threat was kicked down the road for Trump, the recent FBI, DOJ, NSA, FISA, CIA, fake Russian collusion illusion was set up to bring Trump down, the fake news that is never ending, the corruption runs deep.

  13. I’m not sure whether Democrats are very, very crooked or if they are simply really, really bad at math. I do notice that they are always caught with budgets that don’t balance and somehow money gets transferred from other people’s budgets to their own. Further, they collect money to run for office and somehow that money always ends up in the checkbook of a relative.

  14. A Lot of scumbags in Obama cabinet need too go to jail, and pay it all back…….sure. While we’re at it, lets go find Clinton’s missing 6 billion dollars when she was secretary of state. That’s a lot of border wall funding and infrastructure money..GONE!

  15. PLEASE TELL ME AGAIN > WHY WE SHOULD *FLOOD IN* AS MANY *MUSLIMS* AS POSSIBLE INTO THEIR *ENEMY* > THE UNITED STATES OF AMERICA (THE *GREAT SATAN*) AS LABLED BY *ISLAM*!!!
    IT IS VERY SIMPLE: *BARACK HUSSEIN OBAMANATIONS* WAS / IS A *MUSLIM “MURUNA” JIHADIST* WHO THE “WHITE HOUSE” ALONG WITH *HANNIBAL HILLARY* > THEY USED *MILITARY* & *NSA* & *FBI* & ALL AVAILABLE ASSETS > TO *CONTROL* PEOPLE > FORCING THE U.S. INTO THEIR *DEMONIC ISLAMIC* (NWO) OVERTHROW OF “WE THE PEOPLE” INCLUDING ALL THE *OCCULT PERVERSIONS* THAT GO ALONG WITH IT!!! NOT SO HARD TO UNDERSTAND ! NOW “WE THE PEOPLE” ARE TAKING (BACK) OUR UNITED STATES FROM THE *ENEMY OF THE STATE* !!! VERY SIMPLE !!!
    THANK YOU LORD FOR SUCH *CLARITY* & FOR YOUR PERFORMING THE MASS *EXORCISMS* OF “DELIVERANCE” TO ALL THOSE *ENSLAVED* TO THE **DARK-SIDE** !!!

    • I still can NOT see or understand why all the warning sugns and obstructions to keep this Muslim undesirabe out and yet PEOPLE who had NO sense, voted this foreigner, homosexual in office , twice! These warnings were so clear, you couldn’t miss them unless you OUTRIGHT rejected that truth, and that is exactly what happened! Someone wanted to be POLITICALLY correct for fear of being labeled! TO H E Double Hockey Sticks w/that race card label! I’d rather be correct and keep vermin OUT of this nation and out of the W/H etc !!!

  16. I agree that Ben Carson is an honest and trustworthy person. I saw him in person. He’s great! Now come up with some solutions, resolutions and whoever is responsible should pay restitution. STEALING is wrong on
    every level, especially the 6 to 500mil level.

    • Does Ben Carson share in his wife’s stolen money scheme? It seems that has been avoided when It comes to Ben Carson. It needs to be addressed because Ms. Carson needs to be prosecuted and possibly Benny as an partner in crime.

  17. Stealing is what the Government dose best. Why all the effort to get elected.!? Ha, to represent the people.!?… Appointments to these positions involve Trillions of dollars……….all these dam sound good Programs are loaded with these parasites………… just look, we are still talking about funding this or that…….Thank You Mr. Carson, i realize that there is SOOOO much more………….

  18. Barry the bum and family have been partying, buying mansions acting like there is no end to their money on stolen tax payers funds. Absolutely no accountability. Hang the thief.

  19. Those in charge should be directly charged with major felonies and get major prison time. This was no.mistake and those responsible should be held responsible.

  20. This is our money, extorted from us through a punitive tax system. If we do not allow the government to confiscate a portion of our living wage, and that is what it is not an income, they will turn enforcers from the IRS lose on us and totally destroy our lives and then imprison us. Well they seem to have forgotten we are the landlords, not serfs, and they are our servants, not the all powerful aristocracy. It is time for a deep forensic audit of every Federal Agency by independent forensic auditors. It is time for deeply serious accountability and penalties for this flagrant negligence in handling the peoples money. And if crimes were committed people need to go to Prison, USP, not FPC.

  21. I will first ask the question; HOW is it that people could not get the FACT that BHO was an Illegal,a homosexual, and he was a Marxist, and a foreigner from Kenya, and he hated this nation and he was a Muslim, and in NO way a Christian! Now, the stateis and yet they voted for this man! AS BLIND as a bat backing into a blizzard and can’t SEE! The TRUTH, out of his own mouth and the evidence confirned this and they still voted this man in twice, just to be politically correct! STUPID DUMB A$$ES!!

  22. If true this is beyond ridiculous. Isn’t anyone responsible for that money? What kind of place were they running. It seems like the only people that didn’t make money was the voters.

  23. If true this is beyond ridiculous. Isn’t anyone responsible for that money? What kind of place were they running? It seems like the only people that didn’t make money was the voters.

  24. Obama and his cronies sb subjected to questioning by Trey Gowdy! He’ll get answers out of him bc he’s smarter and will have obama so confused he won’t know what to do.
    How come someone as good as Gowdyhas to leave? He is such an asset to our country

  25. I would say that there was theft and corruption all throughout the Obama administration. Chances are there was money misappropriated or stolen. Because Obama is a radical and a Muslim, could have gone to one of their favorite terrorist.

  26. “Apparently they “miscalculated” $500 BILLION! How that possible?”
    What do you expect? These are the same people who don’t believe in teaching math in college and think politics is science.

Leave a Reply

Your email address will not be published. Required fields are marked *

Loading…

POLL: Does Ignoring Clinton/Obama Conspiracy Set A Dangerous Precedent?

John McCain Just FLIPPED OUT and Declared Full WAR on Republican Party