The problem is that since states have all the power via the Article V convention & ratification, they could order the Federal government to print money to pay for their debts, the states’ debts. All restraints would be gone as none of the state governments had to balance their budget any more — they could just charge it to the federal debt.
We’d end up with cradle to grave socialism, even more than we have now, until the entire system eventually collapse under the weight of the debt.
I think we disagree only to the extent of how bad things are.
For all practical purposes, Congress has relinquished its power to the executive. The American Revolution has been overturned. There is no restraint.
Our backs are against the wall.
There is nothing to lose, everything to gain via Article V.