Incorrect. If a certain number of States call for a Convention of the Constitution the Federal government has zero say in it. They have zero power to oversee, change, influence, or anything else. The power of the Federal Government in only there because the States recognize and approve of that power. If the States call a convention then the States get to decide what they want to do in terms of Amendments. And if it's ratified then the Federal government has to abide by that, by law, without question. So if 40 States, say, called for a Constitutional Convention and term limits and a federal balanced budget were voted on and ratified by those States, bam the Federal government has to do it, there's no way out of it.

This was built into the system in case the Federal level got out of control and no longer was doing the will of the States. The process was created so the States could do an end around of an overreaching Federal government and force them back into the will of the States.

The hard part, getting the required number of States to call for a convention and then to actually agree on the amendments and then to actually ratify them.

And in this day and age where our schools are teaching that Federal trumps all we have States full of lawmakers that simply do not understand or are actively willing to allow their individual State's Rights power to be usurped.