If you have a bread machine, pour dough ingredients into machine according to manufacturer recommendations and hit start. If you do not have a bread machine (like me!) – Heat oven to 200 degrees and then TURN OFF. Pour milk into a microwave-safe bowl and microwave for 1 minute 45 seconds or until 110 degrees. Pour packet of active yeast into warm milk and let dissolve. In a large food processor, add milk and dissolved yeast, 2 eggs, white sugar, butter, salt, and flour. Mix on dough speed until it all comes together and basically follows the mixing blade as a ball. In a large, lightly floured bowl, place dough and cover with a damp cloth. Place bowl into the warmed oven (turned off) and let rise for 1 hour.
While dough is rising, make the filling my mixing the brown sugar, cinnamon and nutmeg and prepare a 9″ x 13″ baking dish. Once dough has risen and doubled in size, remove from bowl and transfer to a lightly floured surface. Preheat oven to 400 degrees. Knead dough a few times and then roll out into a 16″ x 21″ rectangle. Lightly butter the surface and then evenly coat with brown sugar mixture. Lay out 12 strips of bacon evenly spaced then carefully roll up dough and cut into 12 pieces with a sharp knife. Place each cinnamon roll into baking dish and bake for 20 minutes at 400 degrees until lightly browned.
While cinnamon rolls are baking, prepare icing. In a mixing bowl add icing ingredients and beat until well mixed. When cinnamon rolls are done baking, let cool and then ice with icing. Serve immediately.