According to the latest national Urban Mobility Study, Chicago ranked 7th in one of those contests no one wants to win: annual traffic delays. Based on 2003 figures, local drivers spent 58 hours in gridlock during peak travel times, which is three hours more than in 2002. If that sounds high, count your blessings you don't live in LA, where you'd have waited in traffic for 93 hours. Of course, if the proposed CTA cuts go through in a few months, I hate to imagine what our roads will be like. Given that the study's authors, the Texas Transportation Institute, estimate Chicago's road congestion cost a cool $4.3 billion in wasted time and fuel, one might think that the Legislature's coughing up a few extra bucks for transit would be money well-spent. Or not?