Thanks to all of you that replied to my question!!
I didn't realize a bottle of alcohol was mixed with water. So, I went back to the bottle I've been using and, sure enough it listed it as 50% alcohol!! Wow!
OK, so anyway, I mixed up a batch of 30 minute epoxy and mixed in acetone and it took a little bit of sturring, but it became easy to "paint" on the balsa. Then I applied the 2 oz. fiberglass (1 X 2 inch pieces). Then went back and "painted" on more epoxy mix and I believe things will dry beautifully and very strong.
Again, THANK YOU ALL!! Merry Christmas!! (Remember the reason for the season!!) Mike