Blakenzy, this kind of post is known as a "drive-by post" here at APS. If you're going to bring up some batshit conspiracy theory, at least post a link. Seeing as you're a newish(or at least infrequent) poster, you're likely to be ignored and ridiculed(see above) if you don't offer sources.
Here, Google and I took 0.24 seconds and found one for you.
http://pubrecord.org/nation/6905/governments-secret-list/Now, that's not exactly what I'd call a major media outlet. Judging from the op-eds they offer, they're politically listing to port. All the same, it's linky.
After applying the BS filter to the article, I would imagine that yes, Important People in our government do in fact keep a watch list of Bad People across the world. Some of them may also be Americans. It is well that such Bad People are being kept track of, left they freely perpetrate Bad Things upon the innocent.
Anyway, does the "hit list" have teeth? With regard to "real" terrorists(i.e. the Christmas-day wangbomber, not a respectable dude wearing a pistol at a political rally), the current government won't even let an agent fart during an interview without a public apology and a re-Mirandizing, so I'm gonna say probably not. The article pretty much says that Blair does not possess unchecked power, and that if he wishes to act he must be authorized by the President. The article suggests that most names on the list are not US citizens. But yes, it apparently does exist.
Looks like I picked the wrong day to quit sniffing glue.
One of the best running gags in the whole movie. Maybe in the history of movies