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Looping is already totally doable, up to a finite maximum number of iterations. Local variables and the like can be simulated through suitably clever preprocessor definitions and logic, too. The syntax and trickery you need to take advantage of it is thoroughly, thoroughly unpleasant though.
For anyone curious about the practicality of that sort of thing, A CPS macro continuation machine like https://github.com/rofl0r/order-pp/blob/master/inc/order/cm.... would give you about 18 quintillion loop iterations if my math was right; double the length of that file and you’d have more loop iterations than atoms in the universe.