Well now, it's not a new idea - the nuts over at DU went balistic a few years ago when it was proposed, thinking that they'd never have another president (hmmmm).
Absolute power corrupts absolutely. When they want to use FDR as an example, I agree. Who knows what else he would have tried if he'd managed to hang on a few more years.
Congress and the president have taken so much power that they were not given by the Constitution, that we are now truly on the way to losing much of our hard-won liberties.
So, check it out once in a while, and make sure this NY nut job doesn't get any action on this:
http://www.govtrack.us/congress/bill.xpd?bill=hj111-5
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