Mom's Meatballs With Spagetti

I have no idea where our Mom found this recipe, but it tastes wicked.

2 eggs, beaten
2 cans (6 oz. each) tomato paste
1 small onion, minced (1/4 cup)
1/4 cup grated cheddar cheese
2 tbsp minced fresh parsley (or 1 tbsp dried parsley)
1-2 cloves garlic, minced
2 tsp salt
1 lb. lean ground beef
3/4 cup solf bread crumbs
3 tbsp vegetable oil
2 1/2 cups hot water
1 1/2 tsp sugar
1 tsp basil (or to taste)
1 tsp oregano
1/4 tsp pepper

1. Combine eggs, 1 tbsp of the tomato paste, onion, cheese, parsley, garlic, 1 tsp salt, ground beef and crumbs in a large bowl.
2. Mix thoroughly and form into meatballs, about 1 inch in diameter.
3. Brown meatballs in oil in skillet or dutch oven, draining off fat.*
4. Blend remaining tomato paste with hot water, sugar, basil, oregano, remaining salt and pepper in a separate bowl.
5. Pour over cooked meatballs. Cover and simmer about 10 minutes.
6. Uncover and simmer 10 minutes longer.

Serve over cooked spagetti or spagettini.

Garnish with parsley if desired.

* (alternatively, you can bake the meatballs in a 400 degree oven for about 25 minutes.)
My son begs for these on a regular basis.