Political Quotes

On the recordMarch 13, 1996
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.
Said by
Pete Hoekstra
Michigan

Editor's note · Context

Discussing financial management issues related to federal education loan programs.

Share

More from Pete Hoekstra

Jul 5, 2026

I know that they donate to Republicans and Democrats

globalnews.ca
Aug 26, 2026

I’m trying to tell Canadians and give them an insight into exactly what the president of the United States thinks.

ipolitics.ca
Jul 5, 2026

The bridge was not open when it was announced a couple of weeks ago by mutual agreement of the Canadian government and the U.S. government

globalnews.ca
Jul 5, 2026

There’s maybe been some progress, but not the significant amount of progress that says, ‘OK, we know exactly where we’re going, now let’s fill out the details'

globalnews.ca

Other voices in this conversation