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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In reality, we need more spending on some programs and less spending on others, and we need more good regulations and fewer bad ones.

实际上，我们需要在某些特定的项目上花费更多而在其他项目上花费较小，我们也需要更多优秀的管理。

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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