Yglesias wants the government to get better at it:
Nobody sitting down in 1925 to write a 25-year budget forecast would have made the funds available to win World War II. It's nice to think that you have a plan that leaves headroom to engage in some deficit spending if it turns out a meteor is going to strike the earth …
McArdle agrees:
We shouldn't spend up to the very limits of our capacity. We also shouldn't borrow up to our capacity, a lesson that the GOP should pay more attention to when it talks about tax cuts. Either way is a recipe for deep pain in the future.
The Dish 