Not really binary. There can be rogue elements within our government who don't uphold their integrity when handling other people's information. Actually, I consider Edward Snowden and Bradley Manning PRIME cases of that trust being violated. But I also don't assume that every time I order a cheeseburger there's something foul happening in the kitchen.
I would say yes, I do believe that my own government is benevolent towards its people and can be trusted to monitor our society. They've already been tracking you for decades with your social security number, driver's license, taxes, municipal and state police, FBI, etc. But truth be told, the vast, vast majority of that is simply a file so that if you ever do become a problem they can access it. Not so that they can thumb through them on their down time like a voyeur.
I actually DO take some issue with the information being gathered by the NSA specifically, in the sense that their jurisdiction is outwards while the FBI's jurisdiction is domestic. But this appears to be little more than departmental cooperation than an upheaval of individual liberty.
Consider also the amount of staffing required to moniter ALL of EVERYONE's information. It's nonsensical to think that could ever be done. If you think every text you've ever sent and every email you've sent has been monitored or even archived you'd be dead wrong. At the peak of East Germany's power, upwards of 20% of their entire population was tasked to internal monitoring and they still couldn't quell dissent or watch literally everyone. The sheer bureaucracy of it has massive diminishing returns at that level.
So, if it must be a yes or a no answer, I will say yes.
As an addendum, I will add that the strongest counter you have to government malfeasance is your ballot. If elections aren't engaging the populace, it is giving its power away. There are indeed countless bad eggs (by my approximation) littering congress and the senate who could have all been remedied by a people who take part in the democratic process. Keep that in mind and spread that idea if you want to maintain the social contract. I, for one, consent to being governed, but I would very much like it if we could spend more time rotating out the old guard and less time acting like babies every time political discourse occurs between your peers. There are a lot of politicians that get a wrinkle on their dick every time someone says "CAN WE NOT TALK ABOUT POLITICS PLEASE!"
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