[Hamlin]

I don't think it's the blade but, to completely rule it out, try using a different blade. Speed still has a lot to do with burning as well. If you have extra scrap pieces, try running at different speeds to "fine tune" your feed speed. Another thing, you may be moving the piece every so slightly away from the fence putting the blade "in a bind". Hope this helps.

 

[Hamlin]

Try changing your feeding speed.

 

[Hamlin]

I usually set my blade from 1/8" to 1/4" above the wood.

As Bj said, some squares just aren't square. Easy way to tell is, draw a line across a piece of scrap wood, then flip, if the line lines up, then you're ok, if not... you get the idea. Some squares can be "fixed" using a center punch but this depends on the type of square you have.
I prefer to use something like this: http://www.woodcraft.com/family.aspx?familyid=20077
http://www.woodcraft.com/family.aspx?familyid=20086

 

[Hamlin]

To get the most hp from your TS, use the thin kerf blades. As Bj said, less waste and easier for the TS to cut/rip. I prefer using a higher tooth count and or a combo blade, due to the fact it leaves a smoother cut.

 

[Hamlin]

Hi Bj,
I've got a few spare peel & stick 12 sanding discs... was thinkin, I could use those for my blades.
I did get the H&L system from shopsmith a few days ago. Still under the weather here so haven't been in the shop much of late.