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I fundamentally believe in term limits, for Congress, presidents, and board members.

Americans of all political background overwhelmingly support term limits, yet term limits have floundered in Congress.

I believe that the presidential term should be limited.

As I stated shortly after retiring from the U.S. Army and first pursuing a seat in Congress in 2010, I planned to self-impose term limits.

Given the difficulty of resisting such temptations over the longer run, a proper concern for the welfare of congressional souls may well be the ultimate argument in favor of term limitations.

I would rather we limited - for the sake of transparency - we limited the number of taxes that we had and we were right up front about what they are, how much they are, and so forth.

But the debt limit obviously is something that needs to and will be passed. That is not inconsistent with a process and a belief that we have to get significant deficit reduction.

It's a lot easier to see, at least in some cases, what the long-term limits of the possible will be, because they depend on natural law. But it's much harder to see just what path we will follow in heading toward those limits.

I can see both sides of term limits, and I think, in different positions, term limits make more sense than in some others.