How can I make Python 3's Print fit the size of the command prompt?

Python 3 can easily handle printing a lot of text:

text = "Lorem ipsum dolor sit amet, consectetur adipiscing elit. Praesent vitae odio quis felis consectetur blandit. Etiam mattis vehicula ex id sodales. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Mauris fermentum semper nisi vel aliquam. Ut nec facilisis lectus. Maecenas auctor blandit condimentum. Donec finibus orci ac imperdiet congue. Pellentesque sem leo, commodo non metus ac, posuere maximus lorem. Class aptent taciti sociosqu ad litora torquent per conubia nostra, per inceptos himenaeos. "
print(text)

The problem is that this text is printed like this:

This is of course not very good for readability of the text. Going through all of the text by hand to insert white lines makes for quite a hassle. I have seen this question, but I'm wondering if there's an option to do this automatically.

You might have a look at this Gist.

Then using the retued values to split the string in subsequent print calls accordingly.