Guest suggests a constitutional convention could pursue a US balanced-budget amendment

What was said

"There is actually a solution that doesn't require a crisis. It's not very popular, but it is a reality that the American people do have the power to actually fix the debt problem themselves without worrying about politicians, and that is a constitutional convention where they say we're going to pass a balanced budget amendment."

A guest argues that the US public could, in theory, bypass elected officials by pursuing a constitutional convention to pass a balanced-budget amendment. The guest says the approach would be unpopular and painful and expresses doubt about whether it will happen within his lifetime.