Step #1 Combine first 8 ingredients In a large-ish bowl.
Step #2 Shape mixture into about 54 (1-inch) balls.
Step #3 Cook meatballs, In a large-ish skillet over medium-high heat until browned (about 5 mins); remove meatballs from pan, in batches, & drain well on paper towels.
Step #4 Stir together cranberry & chili sauces & next 5 ingredients In a large-ish Dutch oven over med-heat/flame, & cook, whisking every once in awhile, 5 mins or until smooth.
Step #5 Add meatballs; reduce heat to low, stirring every once in awhile, & cook, 15 to 20 mins or until centers are no longer pink.
Step #6 Note: To make ahead, place cooked meatballs in a zip-top plastic freezer bag, & freeze up to 1 month.
Step #7 Thaw in refrigerator, & cook, stirring every once in awhile, until thoroughly heated.