If an Article V convention is called, a Balanced Budget Amendment and a Term Limits Amendment would pass in about 10 seconds.
Ive long advocated term limits, but I now think they are inadequate. In addition, we should have (ironically) high salaries for congressmen, etc - and a minimum age requirement of 35 years for anyelected office. And no pension, at any level.I think it takes that much to obtain true public service, rather than the ersatz public service we are used to.
I don't think that a Balanced Budget Amendment (standing alone) could ever be passed. I think that the dirty little secret that lies beneath our budget problems is that most people want more government goodies than they want to pay for with taxes, but that if forced to choose, they would rather raise taxes than cut their government goodies.