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Re: General Purpose Mill/Drill/Lathe Recommendations?
If my budget was up around $15k I would also get a TIG welder, possibly with a multi-process power supply, and a couple auto-tint helmets.
I have heard that Everlast makes a reasonably nice welder, the Everlast PowerPro 205 will get you an AC/DC TIG welder (steel and aluminum) and a 50A plasma torch for $1600 new, and I hear that they are negotiable.
Good luck! 
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Theory is a nice place, I'd like to go there one day, I hear everything works there.
Maturity is knowing you were an idiot, common sense is trying to not be an idiot, wisdom is knowing that you will still be an idiot.
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