House member Paul Ryan (R-Janesville) says the federal stimulus compromise involves spending with little return. Ryan doesn't think, "sending people less than $10 a week in a rebate check hoping they go to Best Buy and buy something for China is going to turn this economy around."
While appearing on CNBC's Squawk Box, the Ranking Member of the Budget Committee adds there is more money for arts and culture than for small businesses, in the nearly $800 billion plan.
The Janesville Republican took issue with assertions that GOP members in Washington have been naysayers without offering alternative solutions. He says his fellow party members' plan drew heavily from the work of President Obama's top economist Christiana Romer. Using her methodology, Ryan says the GOP's approach would've created twice as many jobs with half the cost.