Political Quotes

“I offer an amendment which seeks to ensure the adequate resources for the Department of Energy's inspector general's office. As a member of the House Oversight and Government Reform Committee, I am a firm believer in oversight of the Federal Government. The more sunlight on Federal activity, the more honest and efficient it will be. I am also a strong proponent of our inspector general community. Since the Inspector General Act was passed into law, the IG community has saved taxpayers billions of dollars and has uncovered countless examples of wrongdoing in the Federal Government. I just read a GAO investigation report yesterday that found that loans currently in the Department of Energy portfolio are expected to cost the taxpayers more than $2.2 billion. The report went on to state that $807 million of the $2.2 billion is a result of bad loans that have already defaulted. In fact, five major DOE loans have already defaulted from the agency's 2014 portfolio. The report also noted that the cost to the taxpayers from these flawed DOE loans could even exceed the $2.2 billion estimated figure. ``The final credit subsidy cost of a given loan or loan guarantee will not be known until the life of the loan is complete . . .…”