While the budget must have an eagle eye on the current state of the business cycle, with growth weak and the unemployment rate rising, it must also look to some of the long-run issues ahead if the government's finances are to remain among the best in the world, and with a triple-A credit rating intact.
Strategic planning must consider long run issues, but our inability to get out of the short-term mindset blinds us to reasonable expectations for the distant future.
Last week Paul Krugman again attempted to take-on Modern Money Theory (MMT), in his piece "Franc Thoughts on Long Run Issues". He complained that he is being "harassed" by those who adopt the approach to money that has been labeled MMT.
In the long run, these issues lead to problems regarding complexity, understandability, maintainability, and reusability of compliance concerns.
That doesn't mean in the short run you can't do things to reduce them, but in the long run, these issues will remain".
In the long run, the issues with Google+ didn't especially stem from the design of the product itself, but more from the way it interjected itself into your day-to-day Google experience like some unwelcome hairy spider.
But, over the long run, few issues are as important to a nation's economic security and global standing as being a leader in moving life sciences forward.
He said the rapidly increasing trade deficit was not an immediate threat because foreigners were eager to get their hands on dollars to invest in the United States, but he said that in the long run the issue was "probably the most difficult one" facing economic policy makers.
Long-term variation may pose the problem of assuming that preferences remain stable in the long run, an issue which is rarely discussed.
"In the long run, the issue is whether independence would promote economic dynamism in Scotland - or lead it to sink into the partisan petty corruption that, for so long, characterised Scottish politics". Prof Kay went on to argue the SNP's claim on revenue from the vast wealth of North Sea oil was "not straightforward", adding that offshore wind power was "inherently unprofitable".
And in the long run, no issue will have a bigger impact in our success as a country and the success of our citizens.
