If you remain locked into fighting the last war then you may have a valid point, however, the Air Force is being dragged kicking and screaming into the new century where the service faces dramatic changes in technology,tactics and geographical locations.
1. The F-22 and the F-35 will be the last manned Fighter/Ground attack aircraft to be manufactured in the US.
2.Within 10 yrs UAV's(Unmanned Aerial Vehicles) will rule the skies.
3.Given the above time frame the accuracy of JDAM will increase and enable the penetrator to strike a quarter from 65,000 ft.
4. The locations of current US air bases such as Italy,Germany,Turkey,UK,Japan and Korea are money pits. Time to move on.
5.The close air support role will revert to the Army and Marines.
After you climb out of your B-17 to buy a camel saddle and Meerschaum pipe at the Eskeshir Px, take a pause.The days of the ball and waist gunners,navigators,flight engineers, and bombardiers have passed.
Then you may squint your rugged eyes at the horizon were you will see changes,new aircraft,reliable robotics, increases in productivity and damn fine young men and women ready to implement them.
If the rest of your observations are as accurate as this one, then they aren't even worth that quarter. There all sorts of constraints on a JDAM, some of them due to physics. GPS guided munitions will never be that accurate, and command or beam rider types probably won't either. Altitude has little to do with the accuracy of guided weapons, which is determined by end game effects.
Being a "wild eyed" optimist (so my employers have always told me), usualy involved in the development of those new weapons and/or support systems, rather than as a direct support contractor, as well as having served as a USAF officer back in the dark ages, and then as a reservist under Ronald Reagan, I think I'm probably as qualified to judge such things as you are likely to be.
Not only that, but I've seen this syndrome before, during the Carter years, and to a much lessor extent during the later part of Bush I. The cuts, which lead to a hollow force, are always justified pretty much as you have done. Yeh the new systems are good, but their numbers are way too small. It's not just a bunch of Mad Mullahs and Angry Ayatollahs we must be prepared to fight and overcome.
But the days of maintainers will always be with us. Those are the bulk of the operational Air Force personnel. It's something the Army guys don't understand either. These days even those maintainers are becoming trigger pullers, and becoming more like Army or Marine maintenance personnel.