Part of my muffler broke and I don't really want to fix it

I was driving the 2k2 around Fells Point Baltimore and I noticed the car sounded different. A bit louder with more burble. How could this be? After a while I heard something dragging under the car. Well it's tubing in the above picture. I'm not that upset, but I don't know what to do. My car sounds better, though some might disagree. I don't have money right now to replace it and I wanted the car to be a bit louder. The 2k2 sort of has two mufflers. A long resonator that leads into another shorter muffler. Should I take off the second one and strait pipe it? I can't even imagine how loud it would be. Should I save up for a racing exhaust? What do you guys think?

Part of my muffler broke and I don't really want to fix it

Here's a video. It was taken with a potato and doesn't do the car's sound any justice.