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Complex. >> in the councils of government, we must guard by the military industrial complex. the potential for the disastrous rise of misplaced power exists and will persist. >> we start with julian sanchez at the cato institute. you've heard what the president wants to do. what do you think of what he's proposing? >> well, unfortunately, the devil or angel, i suppose is going to end up being in the details here. with respect to the bulk program, really what the president said is actually consistent with either continuing bulk collection and just having someone else act as an intermediary. it'...

For that reason, the new presidential directive that i've issued today will clearly prescribe what we do and do not do when it comes not do when it overseas surveillance. to begin with, the directive makes clear that the united states only uses signals intelligence for legitimate national security purposes and not for the purpose of indiscriminately reviewing e-mails or phone calls of ordinary folks. i've also made it clear that the united states does not collect intelligence to suppress criticism or dissent, nor do we collect intelligence to disadvantage people on the basis of their ethnicity...

For that reason the new presidential directive that i've issued today will clearly prescribe what we do and do not do when it comes to our overseas surveillance. to begin with, the directive makes clear that the united states only uses signals intelligence for legitimate national security purposes and not for the purpose of indiscrimminantly reviewing the emails and phone calls of ordinary folks. i've also made it clear that the united states does not collect intelligence to suppress criticism or dissent, nor do we collect intelligence to disadvantage people on basis of their ethnicity, race, ...

Explain, but things he's not going to. for instance, he said he went too far with the spying on foreign leaders. he said if i want to talk to angela merkel, i'll call her on the telephone. he talked about -- acknowledged there is a perception this went too far and that's something the u.s. is held to a higher standard on. on the other hand, he made the case for why bulk collection is still necessary. why in today's world when you can build a bomb in the basement or post 9/11, you need this tool with more safeguards, but you need this kind of tool. he will say, i'm not going to spy on foreign l...

>> reporter: i think it will be medium, frankly by they will tout this inside the white house as very significant reform. on one hand it is because the president's officials are suggesting this morning, will say in the speech about an hour from now, basically the government should no longer handle the bulk collection of these phone records that have caused such a storm in part because of revelations from edward snowden suggesting that these nsa programs, whole series of them, not just the phone collection but how they're tracking text messages and the like, is growing much more out of control ...