I've always thought we strike everything after the first five words of Ammendment I.
That was just one indication of what an amendment can do, albeit extreme.
For instance, strike the words "of the people" from the Second Amendment, and the meaning changes. Little changes sometimes have big meaning. With the amount of programming that has been done to youth in the last 40-50 years of public education and mass media (and now social media), I would not consider any Right safe from being removed from the protected list, nor the meanings of those Rights enshrined in the Bill Of Rights safe from semantic tinkering that could materially change the meaning of the Amendment and the nature of the Right to be protected.
Already, people are proposing that the POTUS be allowed to propose a law which would stand until Congress either voted it down or it sunsetted after a fixed time. Incalculable economic damage or profit taking could be done in the space of a few days, runs on banks, markets limit down and closed, etc. There is a reason Congress has to pass a law, and not have laws enacted by edict.
The problem we have is that not only is the Federal Government doing far more than was ever intended, everyone is doing everyone else's job. You have Obama handing down edicts and apparently ordering nonfeasance, You have Executive Branch agencies writing tens of thousands of pages of regulations with the weight of law. You have a Supreme Court Chief Justice who REWROTE a law so he could rule in its favor. And a Congress which has largely abdicated its duty to legislate and write a budget.
We need not only to herd the Federal Government back within its Constitutional Constraints, but we need to reemphasize the separation of powers and reinstitute effective checks and balances.
No new material is necessary to do that, only the Will, and compliance with the Original Intent of the Constitution we already have.
Adding more rules isn't going to get compliance, it will only be like another gun law the murderer or armed robber will ignore with the other laws they already ignore.