Yes or No?
From a personal stand point I am all for it. One problem is as of the last decade our government has become so polarized that little is getting accomplished, little is being done to benefit our future and our lives today. The problem is congressmen have to prove to the people they're the most noble to their cause, destroying the essence of democracy. Compromise.
The second issue is without a doubt corruption. It happens far more than we are aware because most forms of corruption aren't illegal, we only hear the incidents that are. When a congressman is in office long enough the lobbyist go after them, and lobbyist are the true plague on our society. The wealthiest and most influential among us pushing their agendas by controlling our congressmen and women. A lot could be said about corruption in Washington but that isn't this posts focus.
Sadly a lot of honorable congressmen will lose out but it's for the good of the system. We cannot remain stagnant in Washington the world is pulling away and millions are suffering at home. Many of the great democracy's of the past imposed term-limits on their respective governing bodies, why aren't we?