LOOTING: “If the parking meter deal put a bad taste in your mouth, try swallowing this: Chicago is considering leasing its water system to help fix the budget.” Privatization for efficiencies might be a good thing, but that’s not what this is about. Mayor Daley can’t stop paying off his cronies, so he’s selling off the city bit by bit rather than cut spending. Will we see similar deals at the Federal level soon?