Yes, there is a problem of corruption in which embedded politicians gain advantage over potentially better young candidate. But term limits go after a symptom rather than the root cause of corruption, which is big special interest money in our electoral and legislative system.
Term limits would discourage true public servants from seeking a career in elective office, and expel good representatives just when they're getting really good at their jobs. Without correcting the root cause of the problem, big money would finance candidates motivated by what they could get from the office, including lucrative positions upon leaving office.
Now, please excuse me for being a grammar nazi:
The word "loose" rhymes with juice. I think you meant "lose," which rhymes with booze.
This has become my pet peeve, because I see it so often. Again, I apologize. 
Edit history
Recommendations
2 members have recommended this reply (displayed in chronological order):
= new reply since forum marked as read