The NY Times wrote an editorial today on The Seductive Charm of Term Limits, which bemoaned the fact that a competent leader such as NY Governor Bloomberg just might have to retire in 2010 due to existing term limits. I found the article interesting, but remarkably myopic in scope, as in just focusing on the exit of competent politicians, it ignored what term limits are intended to accomplish. I felt that this article at CATO helped add to the discussion of the positive elements of term limits.

In trying to broaden this discussion, I wanted to list some of the arguments on this too see what everyone thinks about term limits. Here’s a rough and by no means complete list:

On the positive side of term limits:

1) Exit of incompetent politicians who may have become entrenched in existing power structures regardless of actual governing effectiveness or popularity.

2) Brings in cycles of fresh perspectives while maintaining some degree of institutional memory by staggering term limits.

3) Reduces party control, thus hopefully leading to smaller government and reduced pork barrelling.

On the negative side of term limits:

1) Exit of competent and popular politicians who have a successful record of governing. Where might America be without FDR?

2) Shortens already short time horizons, exacerbating the discounting of the future that already plagues government. Who cares about environmental effects in 30 years if you will be out of government in less than 10?

3) Difficulty in holding politicians to their commitment for voluntary retirement. How many Republicans of the Republican Revolution retired after their voluntary term limits expired as stipulated in their Contract With America? I’m not sure of the exact numbers, but I know that it was very, very few. This creates the temptation to unseat incumbent politicians with proven records of governing with, well, liars who rode in on a promise to limit themselves only to then avoid accountability as they assume the advantages of incumbency.

Well, what do you think? Despite the obvious bias of my list against term limits, I am generally in favor of the idea. Please add to the discussion.