I'm for a war, just we're not prepared for it now, and just building knights won't cut it, we need at least 1-2 modern defensive units (ie. muskets) in our border cities first (that would be 7-14 muskets).
Also, we need better infrstructure in general. esp. to support such a building effort. I can always petition for more units, but in the end it's the Governor's and Domestic's responcibility to provide them.
Personally I've had my eye on Cleo for quite some time now. Though I've never felt confident enough that we were ready for another assault. Not to mention I feel the general populus wants to play it rather peacefully this game, and anywar we wage would be best done BEFORE we switch to Democracy, for obvious reasons, war warriness.
Of course if we began a bee-line twoards Cavalry, building Knights and saving up goald, we could have Egypt in the Bag I think.