I go back and forth on automatic weapons. I've fired an AK-47 and damn is it fun! I can definitely see the recreational value of these things. However, the risks seem so big to me I don't know if I'm willing to accept Johnny down the street having a case of uzis in his basement.
The issue of defending against government also pulls me the other way, but at the same time, I don't trust people to merely defend themselves.
Responsibility, once again, is key. I know many gun owners who participate in gun clubs. My friend told me about his gun club where they set up scenarios, like hostage situations, robberies, and other threats, and then practice using their weapons to efficiently and effectively neutralize the threat and protect themselves and those around them. This is amazing I think! Also, they are super strict about where you are aiming the gun, safeties being on etc. They are truly training responsible young men and women in regards to firearm use.
Although, on the other side, where does this end. Should I be allowed to have a nuclear bomb in my basement? Can I have anthrax or other bio-weapons? I'm being a bit outlandish here, but only to make a point.
Personally, i think there need to be SOME laws in regards to this stuff (set at the state level, not federally). Assuming everyone should be able to own whatever weapons they want is just as foolish as saying no one should have any weapons.