Tom,
You should look for some used machinery. I got a Chinese drill press from a widow for free and then sold it. I got an American drill press from another widow that I paid for.

The X-Y tables for the drill press also go from cheap Chinese to expensive American
http://www.harborfreight.com/6-inch-...ise-32997.html

The tool bits are better new.
From CDCO tools:
Roughing End Mills (Material M2-AL) Size: 3/8 Shank Dia.: 3/8 Flute Length: 7/8 Overall Length: 2-5/8 # of Flute: 4 49005 $7.00
I also get them from ENCO.

You should practice on a military take off stock or a piece of lumber, before you dig into a $125 delivered Tacticool stock.