You have written a great slogan or tagline. There is a school of thought that the end of stakeholder franchise in the 1820's marked the end of an enlightened electorate.
I'd like to explore the rest of your reply a sentence at a time.
Constitutional term limits.
Rejected at the Constitutional Convention because of a perceived need for institutional memory.
Requirement to live in and govern from their districts.
Are you suggesting a Virtual Congress conducted on the Internet? I find that idea seductive, possibly even insurance against a terrorist or enemy strike.
Compensation determined and paid only by their constituents.
This is interesting, and it's the first time I've ever seen anyone suggest it.
Campaigns paid for with contributions from their districts only.
Perhaps tricky to enforce when money is no more than bits and bytes on a computer, but it's another interesting idea.
Institutional memory should be in the minds of an enlightened electorate.
I am indeed suggesting a Virtual Congress conducted on the Internet in clear view of the voters.
I think the separate states should be able to take control over the other items mentioned. (That is, if obama’s council of governors has not already destroyed any possibility.)