Join in on the Facebook Discussion on this topic. When it comes to the Internet, the US government usually doesn’t have a clue. That seems to be the case with the recent announcement of the Obama Administration’s plans to develop an internet identity system that officials claim will reduce fraud and identity theft while streamlining online transactions. Cut to the chase: the National Strategy for Trusted Identities in Cyberspace (NSTIC) is a bad idea. On the surface having something that will increase online transactions and reduce identity theft makes (some) sense. Security is the #1 reason…