One Nation under God, indivisible …'?

If the time has not arrived, it is close. The split needs to be approached as a 'divestiture' -- succession isn't a PC term.

The transfer of populations between red and blue should be handled as an in-kind swap. For example, someone that is Blue in Texas could work out a property swap with someone who is Red in California. A joint agency between the 2 nations could facillitate this.

Also, state boundaries would be rewritten, as this event would transcend the current boundaries, down to the county level (simiilar to the VA/W.VA arrangement).

I would open the discussion up to Canadian provinces as well (red Alberta, blue Quebec) for example.

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