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They are not mutually exclusive. In fact The Fair Tax directly addresses controlling spending. If Congress increased The Fair Tax rate too much it would result in a decrease of consumption by consumers/taxpayers. The federal government would experience a corresponding decrease of taxes collected. This basic concept dates back to a founding father and first Secretary Of The Treasury, Alexander Hamilton. To quote:

"It is a signal advantage of taxes on articles of consumption that they contain in their own nature a security against excess. They prescribe their own limit, which cannot be exceeded without defeating the end proposed-that is, an extension of the revenue. When applied to this object, the say in is as just as it is witty that, "in political arithmetic, two and two do not always make four." If duties are too high, they lessen the consumption; the collection is eluded; and the product to the treasury is not so great as when they are confined within proper and moderate bounds. This forms a complete barrier against any material oppression of the citizens by taxes of this class, and is itself a natural limitation of the power of imposing them. "