Here’s what Ryan Lizza is reporting:

Former Vice President Joe Biden’s top advisers and prominent Democrats outside the Biden campaign have recently revived a long-running debate whether Biden should publicly pledge to serve only one term, with Biden himself signaling to aides that he would serve only a single term.

It’s certainly true that Biden could alleviate at least some doubts about his age by pledging to serve only one term, but it could hobble his presidency by immediately rendering him as a lame duck. For this reason, there is allegedly debate about the advisability of making a formal announcement even if Biden has no intention of seeking reelection. According to Lizza, Biden thinks he can benefit most by signaling his plans without making any commitments.

While the option of making a public pledge remains available, Biden has for now settled on an alternative strategy: quietly indicating that he will almost certainly not run for a second term while declining to make a promise that he and his advisers fear could turn him into a lame duck and sap him of his political capital.

This raises a host of issues. As a strategy for winning the Democratic nomination, I think it cuts both ways. While some may be comfortable supporting Biden knowing that they won’t be betting that he’s fit for the job at the age of eighty-six, which would be his age at the end of a second term, it also means that the Democrats wouldn’t have the advantage of incumbency in the 2024 election. Additionally, it seems to acknowledge that age is a serious factor and consideration for anyone thinking of supporting Biden, and I’m not sure it helps to bolster that impression.

As a general election strategy, I think it might work for Biden both because it would ease concerns about his age and because it would help him run as the guy to fix things rather than the guy who has been obsessed with the presidency since he first ran for the office in 1988.

But there’s another problem, and that’s the importance of honesty. If Biden is serious about not seeking a second term, it’s a bad look to not be willing to come out and forthrightly say this. I also think that it’s a mistake to think there’s a some advantage to not admitting you’re a lame duck president if everyone assumes you are a lame duck president. I believe Biden would want to make people believe he’s going to seek reelection even if it he had no intention of doing so.

I don’t think it’s good for his candidacy to have this speculation out in the open or to intentionally signal that this debate is going on behind the scenes. It will now keep coming up and being an irritant throughout the primaries and the general election (if he wins the nomination), and then throughout the first three years of his presidency (should he be elected). In these circumstances, it would be better to say right now definitively whether or not he wants a second term.