In a pot over medium heat, heat oil. Add sliced hotdogs and cook, stirring occasionally, for about 1 to 2 minutes or until lightly browned. Remove from pan and set aside.
Add onions and garlic and cook until softened.
Add bell peppers and cook until tender-crisp.
Add ground beef and cook, stirring occasionally and breaking apart with the back of a spoon, for about 7 to 10 minutes until lightly browned. Drain any excess fat.
Add tomato sauce, tomato paste, ketchup, and beef broth.
Stir in sugar and Italian seasoning.
Bring to a boil. Lower heat, cover and continue to cook for about one hour or until meat is fully cooked and sauce is thickened.
During the last 10 minutes of cooking, add browned hotdogs. Season with salt and pepper to taste.