This is a new meatballs recipe that i saw on some show and i thought I'd give it a try. The idea is to slow cook the meatballs in sauce to ensure that it gets a lot of flavor. It takes longer than my regular recipe but is a lot less work. The first thing to do is in a bowl place chopped bread, ground beef, cayenne pepper, thyme (use as many herbs as you like), Parmesan cheese, salt and pepper. Mix and make the mixture into round balls (i made mine smaller than usual so that they could cook for a shorter time). 
In a pot place pealed diced tomatoes, onions, green peppers, garlic, Parmesan cheese, tomato paste, salt and pepper and turn on heat. I used canned tomatoes to save time, but if you have the time, using fresh tomatoes is always a better option, just place ripe tomatoes in boiling water and let sit covered for about an hr or until the peels come of easily. Place the meatballs in the mixture and let simmer for about an hour and a half to two hours. Monitor to ensure that all the liquid does not dry, add hot water if necessary.
To make spaghetti, simple boil in salted water for around 10 minutes or until soft, drain, run through cold water to keep from sticking, add butter, serve.