Cake: Grease bundt pan. Preheat oven to 350 degrees. Mix dry ingredients in large bowl. Add whiskey, water, oil and eggs. Mix, with electric mixer, for 2 minutes. Pour into prepared pan. Bake for 50 minutes (or until cake tests done with bamboo skewer). Immeadiately out of the oven (with cake still in pan); poke numerous holes in top of cake and pour glaze on cake. Cool 30 minutes before removing from pan.
Glaze: Combine sugar, butter, whiskey and water in saucepan. Boil for 2 to 3 minutes. Save a little of the glaze to pour over the cake after it’s been removed from the pan. Glaze should be reheated when this is done.