And Democrats have completely capitulated to Republicans.

Bloomberg and other outlets have noted that Senator Reid has revised his plan to now include a two-step debt ceiling increase based on Republican Senator Mitch McConnell's bizarre game that would allow the President to raise the debt ceiling if Congress is unable to overturn his actions by a super majority (2/3rds vote).

So here's the score:

• Reid has capitulated to Republican demands for dollar for dollar cuts to debt ceiling increases;
• Reid had capitulated to Republican demands for no new revenues;
• Reid has capitulated to Republican demands for a two-step debt ceiling increase;
• Reid has capitulated to Republican demands for a way to allow Republicans to absolve themselves from taking on any blame for increasing the debt ceiling, while allowing the debt ceiling to increase.
• Reid has NOT included the Democratic demand for tax revenue increases (by eliminating the Bush-era tax cuts for the wealthy, and eliminating loopholes);
• Reid has NOT included the Democratic demand for a long-term solution to both the debt ceiling and the debt.

Which leads to the question: when did Senator Reid become a Republican?