If Morsi loses US aid and begins an arms race with Israel Egypt will go broke. He only won this election by less than 2% and the military is pretty cool to him. I suspect that Egypt that Egypt will go into the toilet however, not before further arming hamas and losing control of the Saini.
Four Libyan soldiers said killed in battle with Islamists in Benghazi (Reuters)
from the article: President-elect Morsi: Egypt should expand ties with Iran