At this point, if Obama gets anywhere close to his way with the next budget, it's hopeless, if not already so.
In the future, our country will have to do like Argentina did years ago, or like Germany did after WWI, to pay off it's mountain of debt. Print a pile of money and hand to those who are owed. Of course, they will be getting only pennies on the dollar, but it will be a major reset for the economy, allowing us to essentially start over debt free. Argentina and Germany or doing OK today. I say the Fed starts printing now so my grand-kids don't inherit this god-forsaken mess from us.