Please remember that the rating of deficeint, or obsolete merely relates the current condition of the bridge to today's standards, and may or may not have anything to do with the bridge load carrying capacity.
What I think is scary, is that a sructural engineer license, is not required to inspect a bridge structure of any kind. Only an FHWA training class. Having taken this class, it is a joke. The inspection program really needs to be updated, especially with today's more complex type structures.
I think the 2-year inspection cycle may be excessive for a new structure (10 yr or less in age). However, fracture critical bridges, depending on their condition, can be recommended to be inspected on a 6-month cycle if deemed necessary.
The problem comes down to funding. I agree with civilperson that we need more repairs, however, without the inspections, we wont know what to repair! Current estimates show that most DOT's dont even have enough money to repair the infrastructure they currently have. Unfortunately, until there are more collapses and loss of life, I dont see lawmakers having the guts to propose spending increases, which is a shame!