Alexander Hamilton, a former Delegate, from New York, to the Constitutional Convention, using the penname “Publius,” publishes “Federalist #71.”  In paragraph seven he writes, that limiting presidential terms to four years will prevent the office from aggrandizing too much power”:

       … [A] duration of four years…would contribute towards … a material influence upon the spirit and character of the government.  Between the commencement and termination of such a period, there would always be a considerable interval, in which the prospect of annihilation would be sufficiently remote, not to have an improper effect upon the conduct of a man indued with a tolerable portion of fortitude; and in which he might reasonably promise himself, that there would be time enough before it arrived, to make the community sensible of the propriety of the measures he might incline to pursue.

       [restored 12/7/2024]

Subsequent Events:

Authority:

Articles of Confederation, Article XIII
ccc-2point0.com/Articles-of-Confederation

References:

 Federalist No 71 – The Avalon Project
avalon.law.yale.edu/18th_century/fed71.asp

Federalist No. 71 – Wikipedia
en.wikipedia.org/wiki/Federalist_No._71

Current U.s. National Debt:

$36,167,124,467,492

Source