Nothing bad could happen with this:
President Obama has signaled that he will give the United States Commerce Department the authority over a proposed national cybersecurity measure that would involve giving each American a unique online identity. Other candidates mentioned previously to head up the new system have included the NSA and the Department of Homeland Security, but the announcement that the Commerce Department will take the job should please groups that have raised concerns over security agencies doing double duty in police and intelligence work. So anyway, what about this unique ID we'll all be getting? Well, though details are still pretty scant, U.S. Commerce Secretary Gary Locke, speaking at an event at the Stanford Institute, stressed that the new system would not be akin to a national ID card, or a government controlled system, but that it would enhance security and reduce the need for people to memorize dozens of passwords online.
No, sir... I don't like this one bit.