(UNEDITED)One of the most irresponsible things the American people could support is a Balanced Budget Amendment with the naÃØve belief that it would stop Congress' deficit spending dead in its tracks. Each of the potential proposed amendments stipulates that deficit spending would be allowed with a 60 or 70 percent approval of both houses of Congress, depending on which amendment.Former congressman Merrill Cook testified that most congressmen and senators sell their votes to corporate special interests for their campaign contributions. They also provide funds from the public treasury to buy votes back home. It is nonsense to seriously think that they would allow their reelection mechanism to be undermined.
The Constitution is not responsible for America's economic problems. The real cause is that the federal government has misinterpreted or ignored it, and the Bill of Rights (first ten amendments), for decades.
The federal government cannot amend the Constitution, but it has usurped the authority to effectively amend it anyway with unconstitutional legislation, presidential "executive orders", and legislation from the bench by the Supreme Court.
Article V of the Constitution provides two ways to amend the Constitution: Two-thirds of Congress voting in favor of a proposed amendment, followed by three-fourths of the states ratifying it, which is the incremental and much safer way.
Since Congress refuses to restrain itself, the only alternative would be an Article V Constitutional Convention. It would not be limited to one amendment, despite arguments to the contrary. The 1787 runaway Convention, which replaced the previous Constitution (Articles of Confederation) for our current Constitution, proved that.
Convention delegates would be empowered to again abolish the whole Constitution (and amendments), and replace it with any form of government they choose, which would almost certainly be a socialist dictatorship. It would be the end of our republic, considering the socialist and Marxist philosophies that have so deeply infiltrated our federal and state governments.
Most states have a balanced budget amendment, but most do not have a balanced budget.