Not for Florida’s budget. As all other states and unlike Washington DC, Florida has a balanced budget because it has to. It can’t just print money whenever it wants to. So the Florida Senate is hoping to force Washington to balance its budget, as Senate president Mike Haridopolos explains in this clip.
The measure specifically calls for a single issue constitutional convention, the single issue being amending the US Constitution to mandate a balanced federal budget, with a few built-in exceptions for crises and war. Twenty-one other states have already passed similar bills, and several Texas leaders have publicly supported it as well.