Taxes for a “Negative Return on Investment,” at least for Taxpayers…. (of HUD and Hope)

Regarding “fiscal cliffs,” I think we all need to continue to develop and refine the “big picture” of the US government from reliable sources and see what makes sense (what is logical), and reject what views are not logical, even if the illogical (i.e., the myths) are more fun to believe.  That’s why this blog…

 The Myth of the Rule of Law (Aug. 2002, C.A. Fitts)

Regarding this topic — and this documentation:  it’s essential reading for any novice in who/what is driving the governmental (at least federal) engine, for people who are not already investors, traders, stockbrokers etc. (AND, apparently even some who are, as to how the Federal government invests in stocks, and sells off things like — Mortgage Defaults, etc.) …

It’s just very good basic reading by someone who has transitioned from what looks like a successful wall street firm, having a business education (Wharton School of Business, PA), then moved into the Federal Government in 1989 (Bush, Sr. Administration) in HUD (Fair Housing Admin: “FHA”), started cleaning up the place and narrates from that position.  This is essentially a detailed narrative of her time there, and since — and extremely informative on governmental money matters.

The reference to “Hamilton Securities” is Ms. Fitts’ company which then (ca. 1996 I think) contracted with the federal government, the product being “Community Wizard,” a “place-based software” to compile and look at federal investments (I gather in not just one federal agency but several — though I’m not sure) and geographically locate where the greatest financial losses (lowest ROI for Federal Dollars Spent) were. It also had a program to help coach individuals IN those communities to operate the database and actually, from what I can tell, solve some problems, including alleviating ONE problem called poverty.  I’m sure her company is not the only problem-solving, whistle-blowing one around that was targeted for destruction; however she was highly placed, is highly qualified on the subject matter, and apparently has a passion to let just “regular folks” understand what’s going on.   I’m a pretty literate person, overall, and computer-fluent (don’t let this blog fool you!), but it wasn’t until I went through some of her writings that certain vocabulary started to make sense to me, and then when I ran across it elsewhere, I had a platform to understand the issues.  I know that many times when people hear a lot of words and don’t understand the meaning, they can just let it whiz by (unaffected) — but now words like “securities” (and “mortgage-backed securities”) and even “banks” represent let alone “funds,”  and “financial statements” have a more coherent meaning to me.


There are more parts of tax returns (which I continued to read, for tax-exempt organizations organized and networked together under the label “philanthropy” or “public benefit organizations”to steer the US government and its institution in certain directions) or other sources of information affecting institutions we are influenced by and interact with daily. These determine who owns what, and who profits from who is owed what.

If the matter as basic as DEBT is mis-labeled, or misleadingly labeled,then what to do about it is secondary. IF there’s enough evidence that public debt is fictionalized, or deliberately created as a control mechanism (which seems to be so), then other obvious next questions include “Why?” “What’s the BUSINESS goal (and for whom) of this practice of lying to the public?” or, “How many people in positions of authority realize this, and if so, is this who should be in positions of authority?”

It is absolutely a fundamental issue; and how, when and whether it’s answered affects everything else critical about government operations.[paragraphs between these two lines added Feb. 2015]


We are led to believe that the purpose of the social welfare programs is to help people and alleviate poverty. Maybe once they were, but in the larger picture (which one has to look at), apparently not.

So far what I’m reading checks out, i.e., I have called up the United States GAO attempt to audit (the United States Federal Government’s financial situation) and it’s obvious, it can’t. See sidebar for links, and I discussed at the familycourtmatters blog, several posts…

Today’s post contains the entire text of the bottom chapter, “Bubblemania Aside, 2 plus 2 still equals 4” and one paragraph of the next one.  Please read carefully!  Of course, my commentary comes precedes it.

Contents

So, I have been working through (reading, re-reading) this document in general, as well as digesting information about “the state of affairs” with a view to, #1, what shall I (personally) do in response and, to be honest #2, how can I communicate to others the state of affairs who aren’t already in on it by their professional associations.  Another point of reference clearly tells us that our government is less than honest about what is doing, and what assets it is holding, as well as how it got them.

JUST THINKING:

Did you ever have one of those times (or seasons of life, for that matter) where you continue looking at a situation, and looking, and looking at the evidence, see what it’s saying — and STILL just go “Huh?”

The “Huh?” isn’t about what’s going on (which seems clear enough, overall), but WTF (translate yourself) should I be doing about it?  Pray?  Leave?  Protest? Boycott?  Start a Company — or work for one?  Sell everything I own and go follow Jesus (just  kidding….).

Actually that last couldn’t probably produce a much worse result than standing (or sitting still) and options such as:

  • Hoping to grow old without getting euthanized or overmedicated in order to test some new drug (absent any real diagnosis except sick and tired of looking for somewhere to invest energies that doesn’t look like it’s going to be sold off pretty soon).
  • Hoping that Congress will, this year, make some reasonable decisions
  • Hoping (for parents of minor children in suburban school districts) they come back home alive
  • Hoping (for parents of minor children in URBAN school districts) that they transition to and from school, alive
  • Following the ADHD set of manufactured crises (and spin), plus irrelevant details fed us daily by the media, instead of looking up how many government entities (corporations) exist in ones’ neighborhoods — and reading their CAFRs — and totalling the surpluses…and (after doing this):
    • And dragging some people in one’s own neighborhoods into discussions on the same, looking at the printouts
    • And making sure this is brought up whenever and wherever anything regarding the IRS or taxes is brought up by anyone working in government

After all, according to Jesus (per last book of the Bible, Revelation, Ch. 18) the whole business is “the whore of Babylon,” and the merchandising (including of human beings) is all going to collapse in a day anyhow, at which time all the merchants, kings of the earth, and shipbuilders will wail, and the saints (or, should we say, “honest people”?) will rejoice.     Naturally, the analogy centers around a woman who sells herself for sex, i.e., a “whore.”

Let’s take a look at it.  Maybe this language (dealing with a different empire, obviously) has something to say today. However, I’m only putting this up for reference, after which we can read the HUD documentation from someone who worked there one year, contracted to help out the taxpayers another year (mid-1990s) and then was so targeted she had to (it says elsewhere) maintain four places to live and an irregular schedule for safety, and (moreover) spent millions of dollars in the defense, AND had her computer software and I guess hardware stolen.

Except for the scale of the drama, and assuming it’s all true, that would just about qualify Ms. Fitts for one of us parents going through a divorce and custody challenge, watching our children sold off into the system, and staking EVERYTHING on getting justice (an impossibility in the present setup).  Although if one has no children (which appears to be the case) there is on another level, no comparison to what it does to the soul, in addition to the unbelievable waste of time and money the whole deal is.

In this passage, obviously someone was pretty pissed (or traumatized) at  the city Babylon who was, naturally blended into anger at a woman, a whore (what else).  Look at the depth of the anger in the passage, and cursing, etc.  Notice it’s talking about a “governmental entity” (city) but dealing with commerce.  Notice this commerce involves “slaves and souls of men” (it corrupts people who engage in it…).  Notice that it’s prophesying (indicating a REAL strong desire for, at the very least) sudden and irreversible destruction, and even calls those who have separated themselves from it (“my people”) to “reward her double for her sins.”  It is a furiously angry passage, and not coincidental that this is portrayed as a woman.  Apparently then (as now) when angry, it’s appropriate to blame a single woman who is not miserable, but actually living well, as a “whore.”  (The dramatic language communicates on many levels….)

Is this really so different from our more polished talk (these same days) of similar things?***

<< Revelation 18 >> King James Version1And after these things I saw another angel come down from heaven, having great power; and the earth was lightened with his glory. 2And he cried mightily with a strong voice, saying, Babylon the great is fallen, is fallen, and is become the habitation of devils, and the hold of every foul spirit, and a cage of every unclean and hateful bird. 3For all nations have drunk of the wine of the wrath of her fornication, and the kings of the earth have committed fornication with her, and the merchants of the earth are waxed rich through the abundance of her delicacies.
4And I heard another voice from heaven, saying, Come out of her, my people, that ye be not partakers of her sins, and that ye receive not of her plagues. 5For her sins have reached unto heaven, and God hath remembered her iniquities.6Reward her even as she rewarded you, and double unto her double according to her works: in the cup which she hath filled fill to her double. 7How much she hath glorified herself, and lived deliciously, so much torment and sorrow give her: for she saith in her heart, I sit a queen, and am no widow, and shall see no sorrow. 8Therefore shall her plagues come in one day, death, and mourning, and famine; and she shall be utterly burned with fire: for strong is the Lord God who judgeth her.9And the kings of the earth, who have committed fornication and lived deliciously with her, shall bewail her, and lament for her, when they shall see the smoke of her burning, 10Standing afar off for the fear of her torment, saying, Alas, alas, that great city Babylon, that mighty city! for in one hour is thy judgment come.{{Notice — the kings that profited from this didn’t stick around for the punishment…}}11And the merchants of the earth shall weep and mourn over her; for no man buyeth their merchandise any more: 12The merchandise of gold, and silver, and precious stones, and of pearls, and fine linen, and purple, and silk, and scarlet, and all thyine wood, and all manner vessels of ivory, and all manner vessels of most precious wood, and of brass, and iron, and marble, 13And cinnamon, and odours, and ointments, and frankincense, and wine, and oil, and fine flour, and wheat, and beasts, and sheep, and horses, and chariots, and slaves, and souls of men. 14And the fruits that thy soul lusted after are departed from thee, and all things which were dainty and goodly are departed from thee, and thou shalt find them no more at all.

15The merchants of these things, which were made rich by her, shall stand afar off for the fear of her  torment, weeping and wailing, 16And saying, Alas, alas, that great city, . . .
For in one hour so great riches is come to nought. And every shipmaster, and all the company in ships, and sailors, and as many as trade by sea, stood afar off . . .

{{Note: The kings, the merchants and shipbuilders (transportation industry) didn’t stick around either for the disaster… There are parallels below in the Fitts article about the federal contractors, after (evidently) the negative investment in US communities (with high overhead for private corporations, who will profit from it) — these corporations have been profiting from US credit backed by taxpayers, and won’t be hanging around for the disaster.}}

RE:
“In one hour” “sudden disaster” talk from Revelations 18 and “Fiscal Cliff” talk from USA, combined with images of “the whore.”  (although a different group of people (also primarily led by men, but when it comes time to deride and degrade a collective entity, what better image to call to mind than the “working woman.”) is pictured as the “whore” here:

***Nora Claypool ~ The Fiscal Cliff Hoax: A Ruse To Rob Us

Posted on December 13, 2012 by  (source?: End The Lie | December 5 2012 | Thanks, Vernie)

Mainstream media is having a field day with the fiscal cliff threat, with its usual flourish of fear mongering on tax matters and all things budget related.

However, the voices of reason are resonating among some who deny any real financial dangers exist since the government is hiding trillions of dollars from us in the usual esoteric way they do business.

(“image credit – Anthony Freda”)

Enter Walter Burien and the Comprehensive Annual Financial (CAFR), a second set of books {{actually, the rest of a single set of books}} hidden from the public that fully discloses the massive amounts of liquidity governments at federal, state and local levels have squirreled away and carefully not mentioned to us.


For some of us, the issue of food, transportation, and housing continues year after year because somewhere along the line we got snagged into (or dragged into) some damn government program in the process of staying alive.

It should be possible to get off again, but is harder than it sounds. It’s NOT just a matter of finding and maintaining work; not when there’s a financial motive and serious opposition both near (for example, family) or far (for example at the Federal Level).

What I’m seeing though, is that almost every aspect of life we are living in (the United States of America, at least) — whether beautiful or ugly, good, or bad, and regardless of all the truly wonderful people it’s still possible to meet an interact with (FYI that includes from the homeless to the well-housed (I reserve my opinions on people living in things resembling mansions, the more I learn about the financial and real estate markets) is going to be affected by the INNATE conflict of interest between government and it’s “under the table” “fees for friends” practices — and the general public who doesn’t like to lie, cheat, steal, or engage in criminal racketeering.  Plus, if we did so in competition with our own criminally racketeering federal (and no doubt other levels) government (at some of the top levels, I’m talking about — obviously there are honest workers within government and throughout it.  But not the policy setters!) we could end up in one of their jails run by Corrections Corporation of America (see “Tennessee” section on Fitts, the Lamar Alexander family fortunes, etc.)

Anyhow I was over at the family law blog and putting together a timeline of various primary organizations functioning to keep the drama going around the family courts (specifically) and feeding off the HHS and/or DOJ stream.  While this is interesting (kind of like setting a table, or housekeeping) — I came to realize that it was more important that we (ALL) learn about the mechanics of investments, banking, and just exactly how our own government:

  • Is literally (it would seem) dealing in smuggling drugs in and out of this country, which helps fund things like, oh — Presidential campaigns, or international banks.  (Mena, Arkansas) and just exactly how one (or rather, someone pretty high up) can truly stifle investigations even when there’s boatloads (or should I say, planeloads) of information.
  • Is also literally pulling off some pretty complex schemes to finish selling off assets to private corporations using public financing and credit.
  • Is also having some fun and games with what are called the churches, I shudder to start investigating how big THAT sector is.

Perhaps it would help if I quit thinking of it as “government” which has many warm, fuzzy, and positive connotations generally speaking, and began to accept that this actually means a rather unique sort of corporation. Intellectually, I know this is true, from Dutch East India Company, British South Africa Company, and the things I learned from the Long and Winding Rhodes series about the Scramble for Africa.   It seems a similar thing is going on here, only in reverse, if  what C.A. Fitts is saying is true.Aso I suppose it would help if I remembered that a “Corporation” is a “Person” a sort of fictional legal entity which allows one to do magical things, like raise capital and write off expenses, and occasionally, go bankrupt leaving the owners intact to go do it again under some other fictional legal entity.And once we understand that what WE call “government” started as a Corporation (or “Charter,” etc.) and took it from there to make rules about how to form more “Corporations” for the purposes of raising capital, selling debt, etc.And then there’s this thing about what really is a “Bank” — and when an individual’s experience with banks is frequently negative (as a building at the end of the block or somewhere you can drive up to it, which — while it changes hands several times  — is generally speaking for some of us — that financial institution which won’t give you a loan — or even a break — if you haven’t had a job stability or don’t keep paying its fees when someone doesn’t maintain a certain minimum balance, after which, “forget you!”  Seriously, I lived in an abusive marriage and there were years when I had NO bank account allowed, and throughout the time, never (not once!) was there a joint banking account with both our names on it.  How this was called a “marriage” I haven’t figured out yet.   I had a psychotic financial pimp with whom there were children; I got loose but then he went to find people to  — and in our case this is just about the situation — “sell” our biological, “legitimate” (see marriage certificate) kids, or at least their SS#s, off to.  What I got out of the situation was one royal pain in the ass, destruction of credit, and bunches of “experience.”   What he got was out of having to make a real living, ever, and of course a “win” defined as, someone who challenged the guy, was forced to experience a loss.  There is someone deemed lower on the totem pole of life (I’m not, but that’s the general idea — authority exercised, end of story. Payback, etc.).

Well that was a little too reflective but on another level, there are “Banks” such as institutions that get to use public credit for profits (see “BAILOUTs”) and then banks that actually are used to launder money from criminal activities.

What about “BCCI” — Bank of Crooks and Criminals (Bank of Credit and Commerce, Inc.).   (that link alone should be posted here, it’s a mind-blower spanning most of the globe, specifically Afghan, Pakistan, Great Britain, and the USA,

In other words how many times to you normally think of this “problem”….”I have a kazillion dollars (or,name the currency) as a result of my illegal arms and drug-smuggling:  you know, cocaine, heroin, the usual stuff — where am I supposed to bank?  How can I distribute it such that my criminal activity — isn’t caught or stopped? and such that the governments involved (can you say “US & UK, among others?) aren’t fingered — because we’re going to need to do this again, maybe, in the future, and it wouldn’t be good if the Presidents or Prime Ministers were impeached or thrown out”That’s the problem that this bank apparently solved, and when it was time to “disappear” the money a scandal is fabricated and the bank shut down, which happened to this one.  But while functional (as the above saga goes, for what it’s worth) — it serves as a great “laundromat.”Anyhow, apart from the very disturbing Narco-Dollars/HUD/HHS (welfare) connection this brings up, it does appear that the federal government is DELIBERATELY investing in things that lose (in a negative ROI), which the taxpayers can bail out — and, then what?I don’t know, but below, I’ve given table of contents up to a certain “chapter” and then posted the chapter.  this information is now ten years old; Lord knows what the same crew is up to as we speak.(Besides getting ready to put in more stringent gun controls and teach little kids about lockdown, up the mental health screening, or whatever else is required to handle that Newtown, Connecticut School shooting.)I basically am posting the chapter, below which I will probably post some material on the HOPE VI (HUD) program she’s talking about below.No Hope for Help over at HUD — unless you’re a Contractor…The Myth of the Rule of Law (Aug. 2002, C.A. Fitts) |

 

Contents

Bubblemania Aside, 2 Plus 2 Still Adds Up to 4

HUD has a program called Hope VI, which is the construction of new public housing.

Here is how the money works on Hope VI.  We tax people who make $36,000 a year.  {{obviously certain categories of people know how to get out of being taxed; for example, see “foundations,” etc.}}

We then take the money and use it to build housing that costs $150-250,000 (inclusive of all overhead, etc) per apartment unit, which we use to warehouse people who make $10,000 a year or less in a manner in which they are unlikely to become taxpayers.

{{that doesn’t exactly sound like an “accident” of planning, does it?}}

This generates a large number of jobs, profit, and private equity for a group of lawyers, accountants, developers, consultants and others who tend to make substantially in excess of $36,000, say anywhere from $75,000 to $500,000 or more a year. In the HUD programs, a surprising number of them went to Harvard, Harvard Business School, the Harvard Kennedy School, and last but most special, Harvard Law School. If not Harvard, someplace more like it than the University of Tennessee agricultural school.

{{I noticed the same thing regarding welfare diversions to certain programs, over at HHS.  Speaking of the person in the housing making $10K a year — and people drilled down to $10K a year while capable of doing much more because at one time they tangled with TANF}}

A few years back I took the pricings on the HUD defaulted mortgage portfolio to the head of Hope VI. I explained that HUD had substantial single-family inventory in those same communities. Empty single-family homes could be bought and repaired at a fraction of the price of new construction of public housing by private developers. The HUD official said, “but then how would we generate fees for our friends?” You just have to love a woman who is that honest.

{{I.e., when this government does “services” the purpose isn’t to serve in the sense of solving some problem.  The same deal goes for “help.”  This isn’t in order to produce a population of people that no longer NEED help because they are somehow fiscally independent — that’d be contraindicated, right?  The idea is to keep solving the problem of poverty by making sure the poor NEVER get WHATEVER it is they might need (regardless of how cost-efficient and plain and simple it might be) such that they, as “low-income people” (since when does “low-income” really summarize who a person is? But in some policyspeak, it does…) will ALWAYS remain an exploitable human resource — for example, as in here, to justify more low-income housing contracts over at HUD)}}

{{AND, at some level the paragraph I just wrote in blue is possibly the most important thing we need to know about gov’t.  I could be wrong, but to understand that when it lies, it lies BIG….}}}

The result of this situation is summed up by this statistic: twenty or thirty years ago, 70 cents of every dollar of federal spending went into the pocket of someone in the neighbourhood it was targeted at. Today that number is less than 30 cents.

What that means is that investment in community development has enjoyed about a 300-400% increase in overhead, at the same time that technology has actually made it possible for overhead to drop dramatically

{{by “technology” i’m fairly sure the writer is referring to the Internet, and all that goes with it.  The information age.  Computers… data crunching, etc.  Electronic transmission of money….}}

The public policy “solution” has been to outsource government functions to make them more productive. In fact, this jump in overhead is simply a subsidy provided to private companies and organisations that receive thereby a guaranteed return regardless of performance.

We have subsidies and financing to support housing programs that make no economic sense except for the property managers and owners who build and manage it for layers of fees. We have a horde of service providers to federal programs who are “expert” at helping communities of people who rarely show signs of improvement.

{{WOW — this sounds like the same policy with the welfare-diversions to purpose IV of TANF:  Promote the formation and maintenance of stable two-parent families.  Or, “Child Support Enforcement” including it’s “evolving” purpose of promoting fatherhood and marriage– what a joke!}}

At HUD, it is primarily defence contractors such as Lockheed, American Management Systems (AMS) and Dyncorp who run these same programs. Such companies tend to have numerous private conflicts of interest through companies owned directly or indirectly by their investors. They make money from the programs and serve as a revolving door for personnel between them and the government. Not surprisingly, they find it impossible to run HUD efficiently no matter how much they are paid. Incompetence is a moneymaker.

{{Comment:  I just searched “Lockheed Maximus,” because I know that both of them were collecting child support.  You’d be surprised how many firms involved in “welfare” services are actually either now, or formerly, defense contractors — i.e., they have connections to the military, or airline industries.  If you think about it, this is about huge data management and databases.  It shouldn’t be a secret to anyone by now that the internet itself as developed had military purposes.  And probably backing.  MANY technological advances for society (so-called) were originally military in purpose, i.e., to get better at killing off and tracking the bad guys.  Currently, this looks to include all American citizens, potentially….}}

{{Therefore, finding so MANY search results on this, I just decided it’s another post.  Stay tuned…. back to the regular programming from Ms. Fitts:}}

Take AMS of Fairfax, Virginia, for example. It is reported to have earned $206MM since 1993 to build and run the HUD accounting system, HUD CAPS.

That system has had mysterious periods of not working during which everyone was too busy to use a pencil and paper to reconcile the checkbook with Treasury. In fiscal 1999, HUD refused to publish audited financial statements. Total reported undocumentable adjustments to force balanced books in fiscal 1998-1999 are now $149 billion. ***

When you see a company hired to operate financial control and accounting systems paid $206 million to mismanage or misreport $149 billion, you begin to appreciate the economics of bubblemania.

One way to prevent such discrepancies would be to check that the revenues flowing out the door at HUD matched up with the revenues reported to the IRS at Treasury. This is a reasonable idea. However, today the head of the IRS is the former Chairman of AMS (who was provided with a waiver that allows him to keep his significant position in AMS stock).

The truth is that the private sector is eating government programs and administration alive. This means that fundamental economic productivity is decreasing while government investment earns a constantly decreasing rate of return to taxpayers. This has been going on for a long time. For example, in 1988, I was invited to a budget briefing for business leaders by Secretary of Defence Weinberger at the Pentagon. For eight hours he and his corporate guests painted a clear and detailed picture as to how the top corporations in America would protect themselves during globalisation. This would be accomplished by substantially increasing the amount of cost-plus fixed price contracts they would be guaranteed from Washington. I had little appreciation then for what this meant Wall Street might be cooking up in the mortgage and mortgage securities market.

How the Money Works: RTC and the Prelude to HUD Loan Sales

In 1989, US financial institutions experienced a wave of single family, multifamily and commercial mortgage defaults known as the Savings and Loan crisis. The resolution of the so-called S&L crisis saw the development of the Resolution Trust Corporation (RTC). The RTC was a mechanism by which the American taxpayers underwrote approximately $500 billion of waste, tax shelters and fraud in a manner that allowed the investors to buy the assets at a discount.

[END, segment from “The Myth of the Rule of Law”]

~ ~ ~ ~ ~ ~ ~ ~

****re: Total undocumentable adjustments:  How I found out about the HUD matters, ran across Ms. Fitts’ work, and became intrigued — as a family law blogger (ran that gauntlet; not much came out the other side, and I’m a different person because of it for sure…. like ACTIVIST) — I wanted answers, and knew that one organization (California NOW and some of its leadership) and several individual women (mothers) and men (fathers) had, alongside Marv Byer (johnnypumphandle.com) and anti-trust attorney Richard Fine (with degress from Chicago and London School of Economics; he’s no slouch intellectually OR legally) had discovered that the Los Angeles District Attorney’s office (then run by a “Gil Garcetti”) had been withholding child support ALREADY COLLECTED, to the tune of $14 million — and not sending it out to the families it was collected for (allegedly).  I’ll guarantee just about anyone that $14 million was doing more than just collecting interest — it was probably also being invested.

Anyhow, among the extensive bloggers on this matter, and the potential Los Angeles County Judges Slush Fund (which does appear to be the beginnings of a major nonprofit trade association who — this is very well substantiated by the incorporation and publications history — basically developed the family court system we now have (with of course other funding and marketing all along the way, plus getting some laws passed to accommodate that industry — the family court industry, I mean) — among the reports was a “Kelly O’Meara.”

Being who I am (I look things up!) I then ran across Kelly O’Meara’s reporting also on the issue of $59 billion (it was actually more) missing due to “adjustments” over at HUD, which was my first clue that THIS federal agency ALSO was corrupt, like HHS obviously is.  Most likely both of them are being run as criminal agencies.   [[I don’t feel like looking up the links again; you can find them if you have a mind to.  I don’t believe this blog is getting high traffic, and it’s simply not worth my time to do so.  Google the author’s name, “Dyncorps,” or adjustments.

Then go look up a recent GAO report on the USA (I have commentary on it over at “FamilyCourtMatters” within the past two months– and understand that per this report, the “adjustments” are more likely in the hundreds of billions.  I believe the figure ca. $400 billion (with a “B”) was used.  No one can issue an opinion on the integrity of these financial statements because of lack of internal controls on reporting, material weaknesses, and  many other kinds of (excuses).    Therefore, if this were a smaller operation, and we weren’t so “stuck” with it throughout society, we would imply say — OK, you mis-managed our money, we’ll take any future money to another contractor.

This is where the public got outsmarted — because we are on a global economy.  Where are we going to go — and still eat, and still live, if we are NOT in on the black marketing method of accumulating wealth?

This is what Fitts is talking about in re: “Narco-Dollars for Dummies.”  Time to figure it out….

For the  most part, we are not armed (the governments are who deals in the arms, plus their private contractors, right?).  I suggest you go have some strong words with the Congressmen in power when 1996 Welfare Reform (“Block Grants to States// Privatization”) was voted into being, and all the baloney reasoning to go with it.  And you make SURE it doesn’t go down the same way in the next quarter (by March 2013!!).

We also don’t run prisons — but some of us invest in them when we leave our investing, and our pension funds, up to “the professionals.”

Computer Systems, database, software switchovers are KEY in the matter of hiding, laundering, or simply “losing” money in the cracks these days (after which it can be used for drug smuggling, mansions, child prostitution, or simply whatever type of FUN — ORRR….. contributing to political campaigns, i.e., it can be used for bribes.  If it’s off the radar and MIA, that money can be used for practically anything, right?  So long as it doesn’t show up somewhere it can be tracked back to the place where it was first “lost.”).

Think about it……

Back to HOPE VI, that housing program that is losing money (keeping in mind the report I published here is fully TEN YEARS old….)

This is the official HUD site about the program mentioned above, producing the negative ROI on investments.  Looks real good on the website, doesn’t it?

|More in a day or so, maybe.  Here’s HOPE VI: you can explore it…About HOPE VI.  Including the ‘HUD’ head pages — look how many things it’s into!  Pretty elegant website, huh?

USA%20Flag   THURSDAY, DECEMBER 20, 2012
Connect with HUD
HUD Podcasts
Site Map         A-Z Index         Text   A   A   A

 

To me, this sounds like the government (HUD) fixing up public housing (“projects”) that people know are being run as slums anyhow — i.e., what it formerly warehoused people in was so bad that it’s become a blight and noticeable.  Who better to fix any problem than someone who has participated in the setting up of the same problem, RIGHT?

 

Overview

The HOPE VI program serves a vital role in the Department of Housing and Urban Development’s efforts to transform Public Housing.

The specific elements of public housing transformation that have proven key to HOPE VI include:

  • Changing the physical shape of public housing
  • Establishing positive incentives for resident self-sufficiency and comprehensive services that empower residents
  • Lessening concentrations of poverty by placing public housing in nonpoverty neighborhoods and promoting mixed-income communities
  • Forging partnerships with other agencies, local governments, nonprofit organizations, and private businesses to leverage support and resources

Eligible Applicants

Any Public Housing Authority that has severely distressed public housing units in its inventory is eligible to apply. Indian Housing Authorities and Public Housing Authorities that only administer the Housing Choice Vouchers (Section 8) Program are NOT eligible to apply. Individuals are also NOT eligible to apply.

Funding Opportunities

HOPE VI Revitalization grants fund:

  • Capital costs of major rehabilitation, new construction and other physical improvements
  • Demolition of severely distressed public housing
  • Acquisition of sites for off-site construction
  • Community and supportive service programs for residents, including those relocated as a result of revitalization efforts

(if you click on the link, it says:   ”

Revitalization Grants

Overview

Since the inception of the HOPE VI program, there have been a total of 262 revitalization grants awarded between FYs 1993-2010, totaling approximately $6.2 billion.”

HOPE VI Main Street grants provide assistance to smaller communities in the development of affordable housing that is undertaken in connection with a Main Street revitalization effort.

History and Background

National Commission on Severely Distressed Public Housing (Blog author added this link to its final report, found by google search of the commission’s name).
The HOPE VI Program, originally known as the Urban Revitalization Demonstration (URD), was developed as a result of recommendations by the National Commission on Severely Distressed Public Housing, which was charged with proposing a National Action Plan to eradicate severely distressed public housing. The Final Report of the National Commission on Severely Distressed Public Housing recommended revitalization in three general areas:

  • physical improvements,
  • management improvements, and
  • social and community services to address resident needs.

As a result, HOPE VI was created by the Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 1993 (Pub.L. 102-389), approved on October 6, 1992.

HOPE VI Appropriations and Funding History

Program Authority

HOPE VI operated solely by congressional appropriation from FY 1993-1999. The FY 1999 appropriation included the congressional authorization of HOPE VI as Section 24 of the U.S. Housing Act of 1937. Section 24 was implemented in the FY 2000 NOFA, and was reauthorized in conjunction with the American Dream Downpayment Act of 2003. Grants are governed by each Fiscal Year’s Notice of Funding Availability (NOFA), as published in the Federal Register, and the Grant Agreement executed between each recipient and HUD.

Grants Awarded

Awards Grant FY Totals
Funding
35 Planning Grants 1993-1995
$14,752,081
262 Revitalization Grants 1993-2010
$6,281,287,817
285 Demolition Grants 1996-2003
$391,585,505
45 Neighborhood Networks 20022003
$9,967,500
21 Main Street Grants 2005-2009
$15,456,009
648 Total
$6,713,048,912

Innovations in Government Award

[Icon: Innovations in American Government 200 Winner]

In October of 2000, HOPE VI was honored with national recognition as a recipient of an Innovations in American Government Award. HOPE VI was among ten winners chosen by the Innovations in American Government Program, one of the nation’s most prestigious public service awards programs. HOPE VI was recognized for its Mixed-Finance Public Housing program, “an innovative approach that is transforming some of the nation’s most severely distressed public housing from sources of urban blight to engines of neighborhood renewal.”


~ ~ ~ ~ ~

I wonder who gives out the “Innovations in Government” award.  Probably someone with a Harvard connection…

Have a nice day, if you can after all this!

One thought on “Taxes for a “Negative Return on Investment,” at least for Taxpayers…. (of HUD and Hope)

  1. OK, it looks like some formatting issues (WYS =/= WYG) continue at this blog — namely, losing the paragraph returns, or tables that don’t appear to be full-justified in “Compose” are so when published.

    I am a volunteer blogger here, and have some leads on better programming languages, but not set up to be writer, researcher, copyeditor, formatter. In short, unlike the US Federal government, or all levels of government I don’t have the software expertise or (yet) the means to pay someone to do part of this while I do the research & writing part.

    For that matter, I also don’t have a job currently. I used to, but after years of being robbed in the family courts, cheated out of custody, child support due, or even court-ordered visitation after enforcement, and now eventually, my own inheritance (there is some, probably because my family worked and lived before welfare reform and the “therapeutic jurisprudence” substitution that we now call “courts”). All this takes time — and if one has been on the “honest” (work for a salary live within one’s means, continue as long as possible) track, one is no match for the federally-incentivized extortion track that is EXCEPTIONALLY dangerous for women and children. (see article @ http://www.huffingtonpost.com/anne-stevenson/top-5-hhs-programs-endang_b_1511613.html and note both men and women are protesting the first most dangerous program, the child support one. This is a racket and should be eliminated — any of its actual functions that need doing, should be moved elsewhere.

    And no more “block grants to states” — the higher up in government one goes, the less anyone can be trusted to handle the money honestly. I’m also voting against VAWA next time round — quite a statement for a woman survivor, but I am. It took a while to grasp the basic operating system, but now that I do, I realize that it is itself abusive and involves economic coercion in the form of STEALING people’s time, and taxpayer funding, to disseminate social science theory based on the personal vision of just a few (when you get right down to it) individuals. The same goes for ALL material going into fatherhood.gov.

    How stupid does the USA think we are? Apparently our brains and talents have been directed into developing new and ever more creative ways to manage ourselves, while money gets lost in the system, not that the “dollar” itself is even Bona Fide Money. It’s legal tender for debt.

    Anyhow, sorry about the appearance, above, here. I’m working on alternatives… Meanwhile, what YOu see is what you get, herein.

    If you don’t like it, quit reading my blog and go look up your local CAFR, visit CAFRman.com (to see how to find and add up the totals), talk to Walter (Cafr1.com) and locate the listing of government entities — there is an actual list by state and jurisdiction — so we know what CAFRs to find — and start organizing to figure out a way to get our wealth back, stop ALL further exploitation, and do this before the megachurches, technologically connected and already composed of people who want government privileges, while holding allegiance to a doctrine based in a foreign country (The Vatican City, and this goes for most protestants, too — same basic doctrines) figure out how to get THEIR alternate/parallel government in place.

    Note; The Bush Family was very into religious themes as well (see “jeff Sharlet”) – -these are NOT nice people. They use nice people, but the leadership are not the good guys, or anything close to it. Ask any women who left a violent, religious abuser and sought community help afterwards, or during. It ain’t there….

    FYI –probably one reason some of women talk so much now is that we were shut up so bad in the marriages, and are also in many of the churches, that is, if we don’t join up and go with the flow.

Leave a Reply!

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s