Twenty-Second Amendment

-Proposed by Congress on March 21, 1947; Declared ratified on February 27, 1951

Section 1 
[Tenure of President Limited]
"No person shall be elected to the office of President more than twice, and no person who has held the office of President or acted as President, for more than two years of a term to which some other person was elected President shall be elected to the office of the President more than once. But this Article shall not apply to any person holding the office of President when this Article was proposed by the Congress, and shall not prevent any person who may be holding the office of President, or acting as President, during the term, within which this Article becomes operative fro holding the office of President or acting as President during the remainder of such term."
Section 2
[Ratification Within Seven Years]
"This article shall be inoperative unless it shall have been ratified as an amendment to the Constitution by the legislatures of three-fourths of the several States within seven years from the date of its submission to the States by the Congress."

The 22nd Amendment limited the number of terms anyone could serve as president to two. However, to account for individuals who might have taken over as president in the middle of a term, a person could serve as president for ten years, or another 2 terms after taking over.

 

http://www.opencongress.org/bill/111-hj5/show 

H.J. RES 5

REMOVING TERM LIMITS FOR THE OFFICE OF PRESIDENT

This is a Constitutional amendment to remove the limit on the number of terms one may serve as President. It effectively would repeal the 22nd Amendment. 

I find it very unlikely that Obama will somehow manage to repeal this amendment. But it is good food for thought. What if this amendment were to ever be repealed? What if the future President was in office for multiple back to back to back terms? If we have someone in power for a good 12-16+ years wouldn't that be opening up the doors for a type of dictatorship, despite the democracy America was founded for?

 This amendment was passed after Franklin Roosevelt was elected to a record four terms as president. He broke the two-term precedent set by George Washington.