No, it's not.
2/5 full (and, a few months ago, 3/5 full) you might have an argument for.
It's very simple. The government is not working towards our interests, but their own.
That applies to every government everywhere, all throughout history, because all governments are populated by psychopaths.
They don't want you to have any privacy at all. Instead, they want to monitor everything you say and do, because it helps them maintain their rule over you.
Red Pill: https://www.youtube.com/watch?v=ngpsJKQR_ZE&t=8
Oh and by the way, this account will be shadowbanned, because HN is controlled by psychopaths too, and anti-government (=pro-sanity) posters are censored out.
One more thing. You're being told about a "privacy law" being scrapped, because they want to advance "the chilling effect". They want everyone to be afraid of speaking out, as the budding police state engulfs them.
You could look into moving to some less scary country.
Still, you don't have to use such an extreme language. I too agree USA is becoming pretty scary, but "corrupt" is probably a much better word than "psychopaths".
Additionally, I find the implications of this kind of admission to be astonishing: Last year, the Federal Communications Commission pushed through, on a party-line vote, privacy regulations designed to benefit one group of favoured companies over another group of disfavoured companies. That's a pretty huge statement, made in a business-as-usual kind of way, that calls into question the overall integrity of the FCC.