05/31/2012 08:52 am ET

Tom Walsh: At Mackinac Policy Conference, Duggan Widely Expected To Run For Detroit Mayor

By Tom Walsh

MACKINAC ISLAND -- As business and political leaders debate and gossip about the future of Detroit at this week's annual Mackinac Policy Conference, two assumptions seem to be baked into every conversation:

First, Detroit's reputation for fiscal responsibility couldn't get any worse. Therefore, the climax to the city's looming financial crisis -- be it a consent agreement, an emergency manager or bankruptcy -- will simply be seen as a necessary, if painful, step that may finally usher in a fresh start for the city.

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