Credit rating agency Fitch Ratings is indicating that it sees the US on the wrong path when it comes to spending and taxes. From The Telegraph, here’s a quote from the head of its sovereign ratings division, Brian Coulton: “‘Difficult decisions will have to be made regarding spending and tax to underpin market confidence in the [...] Fitch: US Must Make “Difficult Decisions” on “Spending and Tax” originally appeared in the Daily Reckoning . The Daily Reckoning, a FREE daily e-letter, offers a "uniquely refreshing" perspective on the global economy, investing, and today's markets.