Developers absolutely miss the big picture because they're mired in the tiny details. There is a tendency towards perfectionism.
That said many of us spend much of our time maintaining the half baked features of devs long gone. It's time consuming. It's reverse engineering, support cases, meetings, bug fixing, digging through vague logs, workarounds, knowledge transfers and there's never the political will to re-do it plus it's more than twice the work because you have to migrate existing customer workflows. It is work that is neither rewarding nor rewarded.
With that in mind there are categories of things that should be tackled upfront. Besides glaring bugs there is security holes, traceability, auditing, overengineering, real world performance, documentation, preventing bloat and my pet peeve - changes that slow down development by requiring duplicated work or affecting the ability to run locally.
The business pressure encourages developers to skip these because usually someone else will end up dealing with the mess.