Good news, My neighbor has lent me his drill press. I should be able to work on it in the next few days. On a side note I found an interesting product. It is a Dremel chuck that has been modified to accept regular drill bits. I'm sure more than one person here might be able to use one of these.
http://www.mcpii.com/Nicknacks.html
I ordered one I will let you guys know how well it works.