Geithner: Costly Jobs Plan Worth Every Penny

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A Harvard economist says President Obama's jobs plan will cost taxpayers $200,000 per job.

Treasury Secretary Tim Geithner insists it's worth it, saying if the government doesn't act, fewer people will be back to work. 

"If government does nothing... then there will be fewer Americans back to work, the economy will be weaker," Geithner told ABC News.

Still, a dozen Democratic senators don't appear interested in the president's jobs plan, according to ABC News.

"Well, you have to ask them the following question, what are you for?" Geithner responded. "You have a country still in a very tough economy. What's your plan, what's your alternative plan?" 

"If the alternative plan is for Washington to do nothing, that's unacceptable," he continued.

"Or we're going to sit here and just complain about regulation. ... That will not do anything to help the average family now still suffering so much from the crisis," he said.

Geithner said that with interest rates so low, Washington can afford to borrow more money to help the economy.

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