It does sound reasonable, and it also sounds sort of like what they're trying to do in Europe by giving users a little bit more control of information that is detrimental to them, by giving them more of a right to delete it or control it. Just saying that you have the right to have accurate data...well, who goes out and checks their data, as you point out? As well, some things are so sensitive that if it's wrong, it has consequences. I'm not quite sure how to fix that.
On October 18th, 2012. See this statement in context.