II. Require Congress to balance its budget.The only thing that I can think to say against this is that the amendment might need a waiver for high emergencies such as wars. Of course, any waiver can be abused, and is likely to be. Still, you can't always fight a war on a budget, and some wars are necessary for the survival of the nation. Those of you who are Keynesians may wish to see this extended to business cycle events, although the evidence of the last decade should probably cause us to re-examine the validity of Lord Keynes' theories on that point.
The Texas Plan, Part II
The second proposed amendment is one that has been hugely popular with states as a proposal -- there are almost enough states demanding it to force the Constitutional convention on this point alone.