I was interested, and not surprised at all really, that municipalities in the United States have started to sell their water in order to help stem the tide of budget deficits.

From a story in The Wall Street Journal yesterday:

"Indianapolis is selling its water and sewer systems to a public trust to get money for crumbling streets and bridges. San Jose, Calif., fresh from cutting 49 firefighters, might take its water utility private. "Excess" tap water in Sacramento, Calif., is helping supply a Nestlé SA bottling plant."

You might be thinking that water is cheap - and that portioning off the public's water would not yield much cash.