The known facts so far all tend to show that they are intercepting all kinds of communication, keeping everything for long-term storage and connecting everything and everyone into some sort of huge "social network".
Why do you think that's "a lot"? Is the problem a financial one? The Black Budget is ever increasing and the taxpayer is generous. Is the problem a technical one? There is a worldwide overabundance of technological resources and technical performance is increasing by the day.
PRISM is just an extension/upgrade to good ol' ECHELON.
Considering what some companies have been doing for decades with their customers and potential customers, it's quite easy to imagine what intelligence agencies are doing right now with the local populations, enemies and perceived enemies.
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May the source be with you!
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