i agree with milkweg entirely on this (on an unrelated hijack: didn't you used to have that ugly woman as your avatar?)
to help you see this more visually, lets enjoy some Musical Fidelity marketing literature:
Welcome to Musical Fidelity
basically to condense their little applet:
wattage is a very small piece of the puzzle
you also have to consider sensitivity/efficiency
number of speakers
etc
so say you've got a stereo pair of Yamaha NS-777's (I'm using this as a for instance, because its what I happen to have sitting in front of me, and I know their #'s off-hand), which are 89 dB/W/M/ea
with 1W input from my receiver, I'll get ~92 dB/W/M from my pair (+3dB (double loudness) because of having two speakers)
with 2W input, I'll get ~95 dB/W/M
with 4W input, I'll get ~98 dB/W/M
with 8W input, I'll get ~101 dB/W/M
and if we keep expanding this out to where Yamaha specifes my receiver will stop (125W/ch), thats 8 -> 16 -> 32- > 64 -> 128W/ch @ 113 dB/W
now first of all, lets consider 113 dB, which is on the level of something like a pistol or jackhammer, and thats an estimate #, it would probably be higher given the size of this room, and I'm guessing there'd be some distortion or clipping, but consider that at 2W output, you're talking ~95 dB output, which is generally "too loud" for up close listening (headphones), and "about right" for an intimate setting (like my small HT), now consider 100W, which would have these blasting along like a machine gun (and probably damage them)
however, that doesn't mean I'd be happy with a 1W/ch or 2W/ch amplifier for these speakers, here's why:
peaks take more power.
in other words, when I'm watching a movie, I'll usually have these dialied in something like 15-20% output (I really don't like it loud), which is comfortable, and probably only sees 1-3W/ch on average, even if peaks are doing 5-10x that per channel (like explosions), this lets my media have dynamic range (this is where mufi is saying go to 110 dB, while I think they're a bit inflated in their #'s, you do want a lot of headroom for peaks, at least for theatre, with music its a bit less required, since modern music is mastered so close to 0 dB anyways)
I would honestly suggest something like the A-35R, you want to go with quality over quantity, and unless you're driving massively inefficient speakers (I mean sub 85 dB/W here) in a fairly large space (think thousands of cubic feet), 10-20W/ch is more than enough
now to answer your Q:
receivers under $150, brand new, are usually kind of dinky
look for used receivers in that price range, you'll probably have better luck with quality
OR
the A-35R is probably your best bet (I don't have an opinon on the new h/k stereo receivers, haven't used them/seen them/read about them/etc)