Discuss the Pros and Cons of Term Limits with Respect

question 8

Essay

Discuss the pros and cons of term limits with respect to the legislative process.How has the passage of Proposition 28 (2012) altered the vision of term limits? What other government and nongovernment groups gain or lose clout as a result of term limits? What do term limits say about representative democracy?

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Definitions:

Annuity Growth Rate

The annual rate at which the value of an annuity investment increases, often fixed or variable depending on the annuity contract.

Cash Flow Growth Rate

The rate at which a company's cash flow increases or decreases over a specific period.

Required Rate

The minimum rate of return that an investor expects or requires from an investment to make it worthwhile.

Timeframe

The period during which certain actions are supposed to occur or a particular event is planned to take place.