For most Americans, the current standoff between Congress and the White House over the federal debt ceiling probably seems like a repeat episode of a TV show. The characters may look a little different, but the dialogue about deadlines, demands and predictions of economic collapse hasn’t changed much. Viewers expect to see all the drama resolved in the finale with a last-minute agreement to prevent the unthinkable and set the stage to see the same episode next year. The problem is — like many boring TV episodes— the participants in the debt-limit drama have done a poor job explaining what is happening and, more importantly, what is at stake. While serving as staff director of the Sena
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