Preheat oven to 400°
In a large bowl, combine peaches, 1/4 cup white sugar, 1/4 cup brown sugar, 1/4 teaspoon cinnamon, nutmeg, peach balsamic, and cornstarch. Toss to coat evenly, and pour into a 2 quart baking dish. Bake in preheated oven for 10 minutes.
Meanwhile, in a large bowl, combine flour, sugars, baking powder, and salt. Blend in butter with your fingertips, or a pastry blender, until mixture resembles coarse meal. Stir in water until just combined. Remove peaches from oven and drop spoonfuls of topping over them. Sprinkle entire cobbler with the sugar.
Set your baking dish on a baking sheet (this cobbler can drip into the oven otherwise).
Bake until topping is golden, about 30 minutes.
Prep: 20 minutes
Bake: 40 minutes
Makes: 8 – 10 servings