From what I understand, the intention was to place permanent limits on the degree of union between our sovereign states. So much for the Constitutional scholar and the smartest man to ever hold the Presidency.
Under Obama it has become the Presiduncy. (Just thought that up, and it doesn't adequately describe the nefarious nature of our undercover Marxist revolutionary in chief. But it made me feel a little better.)
Presiduncy
I like it.