[jspatz1]

Another vote for used machinery. We recently outfitted an entire new shop almost entirely with used equipment, and have a far better and more capable shop than if we had tried to buy new and cheap. In this economy, there is a surplus of used equipment from companies and shops that have closed or downsized. A good 'ole piece of American cast iron in usable condition will serve you better than the Chinese stuff from Grizzly or elsewhere. Find an equipment dealer in your area that deals in used equipment, and let them know what you're looking for. They will be glad for your business, and will do the legwork for you.