I just found out that the president claims he will veto the bill if presented to him as is, but he expects some sort of legislation to be passed in the coming year.
Sure the government is "of the people, by the people" just think of how many people you trust. Now think of how many people there are. Now think of how many of those people you wouldn't trust.
So technically it'd be crazy to trust such a government. It is made up almost entirely of people you don't even know, let alone trust.