I really wish people would drop the judgements about "conservatives" and "liberals". I probably do do it myself, having spent so much time around people who do, but it just seems absurd to say "liberals are bad" or "conservatives are bad". They seem to balance each other out - if you have an all-conservative government, you end up with a stagnant government. If you have an all-liberal government, you end up with an unstable government.
That side note out the door, I agree that more than likely people won't be "justly compensated" for things. After all, there are so many things about a house that you can't really put a price on, and there are *always* further considerations due to location or different laws that might apply or the trouble to move that can't really be priced (and so can't really be compensated for in exact, and I'm betting will be ignored when determining the price of the property.)
As far as actually amending the Constitution, it's a hard decision. There are some amendments people have been talking about that I don't think belong in the Constitution, and for every amendment to it, the easier future amendments will become.
The P.A.T.R.I.O.T. Act is bad enough. I think the last thing I want is for the current administration to start changing the highest law of the country.