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Nothing further to add to the CTA bailout and pandermonium except to say that of all the lamentations, this comment by "george levy" on the Trib's Clout Street blog is my favorite:
"I prefer to pay my way on a modern transit system, but that will never happen on the CTA. Men that marched to the sea with Sherman during the Civil War built the 'EL' in 1893. It even predates electricity, and ran on steam until 1905. Successive mayors built onto this archaic and dangerous relic until we reached today's disaster, an ugly belt of twisted rusted girders that circle the city like an abandoned amusement park. The so-called subway under State St. would not make a good toilet on the Washington, D.C. Metro. Nothing will save it. Therefore, we need full fares to tear it down."