This is 24% larger. The strategy is based on estimates of the expected threat by 2025 to 2030. At the end of the Cold War, the Air Force had 401 operational squadrons.
The claim is that the Air Force is too small for what the USA wants to do. We have 312 operational squadrons today. The Air Force We Need has 386 operational squadrons by 2030.
The Military industrial complex is saying that China and Russia's forces justify going back to 96% of the Cold War level air force.
This buildup, stepped up investment in hypersonic weapons work and deployment of weapons in space would be ramping up for a global arms race.