Fewer jobs mean lost income and less spending.

更少的工作意味着更少的收入和更少的消费。

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More taxes, not less spending, is their underlying creed.

他们的基本信条是提高税收，不是减少开支。

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If consumers start to save more or borrow less, spending suffers.

如果消费者开始增加储蓄，或减少债务，则消费会受到影响。

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The net result is less money in the pocket of most Americans, and less spending.

FORBES: The No-Pain, No-Gain Economy

And that means less government spending in Europe and less household spending in America.

FORBES: You Can Reshuffle Debt But Someone Must Ultimately Pay It

As a result, there need not be any painful tradeoff between less spending or higher taxes.

FORBES: 'We're Getting Away With It' Does Not Excuse Federal Borrowing To Infinity