The Air Force's Flight to Weakness

Serious talk of America's defense budget was largely absent from the final weeks of the presidential campaign, once President Barack Obama likened Gov. Mitt Romney's concerns to an anachronistic focus on "horses and bayonets." But when Mr. Romney lamented that (among other things) the U.S. Air Force has the fewest airplanes it has ever had, he was correct. At its founding in 1947, it had more than 12,300 planes. Today: approximately 5,200.

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