I believe the Founding Fathers were aware of this loophole, since Mrs. Powel of Philadelphia asked Benjamin Franklin,
"Well, Doctor, what have we got, a republic or a monarchy?"
With no hesitation whatsoever, Franklin responded,
"A republic, if you can keep it" [1]. Having a just government requires constant vigilance.
[1]: http://quotes.liberty-tree.ca/quote_blog/Benjamin.Franklin.Q...