Parsing the bullshit
"It should come as no surprise that the U.S. government gathers intelligence on foreign powers that attempt to penetrate US networks and steal the private information of US. citizens and companies,"
First off, what's a "foreign power" in this context? Because as I see it, the federal government employs 70,000 people in the State Department and God alone knows how many more in the CIA, who do that full time to every "foreign power", regardless of what they have or haven't been attempting to do. What exactly are you adding to the effort, and why?
Second, what's a "US network" and how do you "penetrate" one? If I type "http://www.nytimes.com/" into my browser, then I've extracted proprietary information from a computer that I'm pretty sure is physically located within the US: have I "penetrated a US network"?
Third, as I'm sure you're aware, to give US citizens within the US any greater protection than non-US citizens is unconstitutional. Read the 14th Amendment. (Incidentally, that's the same rationalisation that allows you to spy on everyone within the US: you have to be able to spy on foriegners there, and it'd be illegal for you to treat them differently based on citizenship.)
Fourth, what's a "US company"? Sony Pictures?
Fifth, in a world where people aren't supposed to use encryption, what exactly is "private information"?