Comparing traffic related deaths to terrorism related deaths is invalid since we don't spend the same resources or give up comparable liberties to prevent traffic related deaths.
Any analysis that doesn't seriously consider that cannot be taken seriously.
As the Boston Marathon Bombing showed us, it's very easy to create a lot of destruction and disruption and fear with very mundane items (gunpowder and pressure cookers). If it's so easy to accomplish, why doesn't it happen more? Either terrorism is genuinely not a serious threat or our security organizations are very good at what they do using the tools they have at their disposal.
I would be in favor of our security apparatuses 'taking a break' or scaling back spying operations for about 5 years just to see what the result would be and if the American public would be able to tolerate it. Bombs going off every week in a major shopping mall or in an airliner or in a bus (like in Israel in the 90s) would probably not be acceptable to the American people.
Alternatively, we would discover that terrorism is not a big threat and the debate about giving up liberties to prevent terrorism would be a very simple one.