Found this at Slate.com. It is well worth the 5-10 minutes of reading.

Best,

Tom

B-52, Where Are You?
Why the Pentagon doesn't want you to know its bombers finally work.
By Gregg Easterbrook
Posted Monday, April 2, 2007, at 7:05 AM ET
Two decades ago in the Washington Monthly, I quipped that U.S. bombers were becoming so few that eventually they would be named after states, like battleships. So, guess what: The Air Force now names its B-2 stealth bombers after states. There's a B-2 christened the Spirit of Georgia, another the Spirit of Alaska, and so on—with no danger of running out of names, because B-2 production stopped at 21. Today, the United States has just 183 bombers in its entire arsenal, versus more than 75,000 at the peak of World War II. Currently, the Pentagon plans to spend a gasp-inducing $320 billion on thousands of new fighter jets, but has nothing budgeted for new bombers for at least another decade; the Air Force actually says the Kennedy-era B-52 bomber will remain in service until 2037—when any still capable of getting airborne will be 80 years old.

The withering away of the bomber corps reflects planning assumptions a quarter-century old. Then, the thinking was that precision-guided munitions delivered from low altitude by jet fighters would take over nearly all conventional bombing roles. As recently as a few months before 9/11, former Defense Secretary Donald Rumsfeld ordered the mothballing of 30 B-1 bombers on the theory that they'd never be used in a modern, fighter-dominated air war anyway. Pentagon planners assumed that bombers would play a secondary role while low-flying fighters put the smart explosives on the target.