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What solution was proposed for high government debt?

  1. Limiting government debt and ensuring taxes are used for intended purpose

  2. Increasing taxes on the wealthy

  3. Borrowing more money from other states

  4. Privatizing government services

The correct answer is: Limiting government debt and ensuring taxes are used for intended purpose

The proposed solution for high government debt is to limit government debt and ensure taxes are used for their intended purposes. The other options are incorrect because increasing taxes on the wealthy may not solve the issue as the government might continue to spend beyond its means. Borrowing more money from other states may only add to the debt and privatizing government services may not generate enough revenue to cover the debt. Therefore, limiting government debt and ensuring taxes are used effectively is the most practical solution to address high government debt.