From the World Tribune it looks like Israel is dusting off its tanks :

Israel’s military has been exercising for the prospect of a multi-front war.

Officials said the Israel Army has been conducting exercises in preparation for a two-front war. They said the military envisions fighting along the southern Israeli frontier with the Gaza Strip as well as with Lebanon and Syria.

And from Zero Hedge we have Syria, Iran and Hizbollah having a little get together to prepare for a war with Israel :

Abu Dhabi Media website The National has disclosed some rather disturbing news about peace “prospects” in the middle east. It appears this past Friday saw a war council convene in Damascus, between Syrian president Bashar al Assad, Iranian president Mahmoud Ahmadinejad and Hizbollah chief Hassan Nasrallah to “devise counterattack plans and assign tasks in the event of an Israeli offensive on one or all parties, wrote Abdelbari Atwan, the editor-in-chief of the pan-Arab newspaper Al Quds al Arabi.” And more troublingly, “the Iranian president said he expects war to break out somewhere between spring and summer of this year. Meanwhile, the Hizbollah chief vowed to strike the Israeli capital, its airports and power stations if Israel dared to attack Beirut’s critical infrastructure.

Governments with large deficits to sort out usually resort to a good old fashioned world war.