Is a Constitutional convention in the works?

Washington Times:

Michigan lawmakers last week voted to demand a balanced budget amendment to the U.S. Constitution, a move that could set into motion a never-tested, widely feared convention with the power to rewrite part of the founding document.

The lawmakers voted to ask Congress to call what is known as an Article V constitutional convention.

If Congress agrees with the count, Michigan is the 34th state to do so, creating the two-thirds majority required to force the historic gathering.

But plenty of questions remain unanswered: Is Michigan really is the 34th state? If so, will Congress respond, will the courts get involved in forcing a convention, and what happens once a convention begins?

“It’s a bunch of question marks,” said Gerard N. Magliocca, a law professor at Indiana University who has performed some of the key research on Article V conventions. 

Among those questions is whether an application can be rescinded and how similar the states’ calls must be in order to be valid.

Article V of the Constitution is strikingly vague. It lets Congress propose amendments, but it also allows that “on the application of the legislatures of two thirds of the several states, [Congress] shall call a convention for proposing amendments.”

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This is a high risk move by conservatives to get a balanced budget.  But would the convention also propose eliminating the second amendment and restrictions on speech being pushed by the liberals?  Would the red states be able to overwhelm the blue state population centers?