If I understand the OP right maybe he means a floor belt sander? Those are cheap and I mounted mine upside down on the work bench to use. I'm brand new to this as well (I'm also broke) but this is def not the way to go. Its louder than hell and, even with a rough grit belt, it doesn't remove near enough material.
An angle grinder works wonders but, man, is it dangerous. Use cut-off and flap-sanding discs. Oh, and a VISE! lol
A $30 angle grinder is the best way to go, on the cheap, IMO. I touched mine up with files and a $30 RTX-6 Rotary tool (WAAAAAY better than a dremel, cheaper too!) I'll post up a nice little blog/writeup of it when its all done.
I'm thinking about the HF mini grinder as well, maybe even that Craftsman.