It probably wouldn't be a bad thing if the US broke up into smaller countries. The federal government was never meant to have as much power as it has. I think an EU/shengen type situation would probably be better than whats going on now. though neither are ideal.
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I agree that it probably would be a good thing in the long run if it were done in a controlled manner that looked out for everyone affected. If it happens in the uncontrolled fashion that this election might bring, many people are going to be devastated.