our current governments plan to pay off the debt is to inflate the money supply. IE cheapen the money up so much that the dollar used to pay off a dollar of debt is only worth 5-10 cents of what the original dollar borrowed as worth.
This also leads to 4 dollar fuel 5 dollar gallons of milk and 5 dollar pounds of ground beef...
As to how they are going to fix the social programs and their costs.. well..
Kill off the old people. Hence.. Obama care.