A lot of those questions simply tie back into the age-old debate over capability.
You can talk about checks and balances all you want, but if you hand a "trusted soldier" a rifle he may yet kill many of the wrong people before he can be stopped. Yet people don't typically lie awake at night staring at the ceiling worrying about the local National Guard violating Posse Comitatus and imposing martial law.
But on the other hand the capability still exists, so we do make at least cursory efforts at mitigating this risk. We perform nominal screening of recruits into the military, we keep most weapons locked up in the armory when the soldiers are at garrison, we train soldiers at all levels of where their allegiance lies, what Posse Comitatus means, etc.
So it is with the NSA. Let's say they determine that the NSA needs the ability to perform surveillance, but that Snowden's revelations have demonstrated that better checks-and-balances are needed, even though there's no evidence of "Stasi-like activity", just to be safe. They go and add these required checks-and-balances.... do you still feel ultra-threatened by NSA?