Going off of reports of a debt proposal by Senate Majority Leader Harry Reid, D-Nev., Center for American Progress blogger Matt Yglesias writes that, “What Harry Reid did yesterday was essentially call the GOP’s bluff by outlining a plan that raises the debt ceiling by $2.7 trillion and includes $2.7 trillion in spending cuts, a healthy share of which comes from winding down the wars in Iraq and Afghanistan.”

Yglesias argues that the real goal of Republicans is to cut Medicare. But it’s clear that the only way to address our long-term debt problem is to tackle the growth of entitlements. And it isn’t just the Republicans that are warning about the long-term debt burden, it’s also the rating agencies.