In my opinion, this is an alternative to a Constitutional Convention. States already have a veto power over the Constitution itself. If 2/3 of the state legislatures petition Congress to call a convention, there is little that the Federal government can do about it- legally.
It is true, according to my calculations, that it would give power to a relatively small ( 1/3) number of people in this country. Keep in mind, though, that this has to be coordinated by 2/3 of the states. Trying to coordinate this large of a number of any group of people would be a daunting challenge, I would think. Yet, it is possible that a small number of highly motivated people could have undue influence upon national policy. This would seem to be bad, but that situation already exists. This would add a counter weight to the influence that already exists. It won't necessarily be a bad thing, as many of the opponents seem to think.
One objection has merit. There is no time limit for a repeal. The President gets ten days to decide to veto. How long should 34 states be given in order to decide upon a repeal? Should it be unlimited, or should a time -table be imposed?
The government is out of control. Something needs to be done to get it back under control. Since so many people are afraid of a "con-con", this is a possible alternative. What would you prefer, a total rewrite of the Constitution, or a minor check upon Congressional power? I would give this a chance. Doing nothing doesn't appear to be a good solution.
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