Pete Hoekstra: “In time, also just happens to be the largest funded program of those 760 programs. So for a program that is a half a…”

“In time, also just happens to be the largest funded program of those 760 programs. So for a program that is a half a billion dollars, we cannot keep the books. Whey you get to a program, the Federal family -- or Federal family education loans, $18 billion. I am not--you know, I do not think we have to audit those books. I would love to have an accounting firm take a look at those books. Mr. Speaker, if we cannot manage $500 million, these have to be a disaster. We have a clue. The books are probably bad, because they cannot even print the forms on time. That $18 billion, by the way, is just in 1 year.”