ive had very good luck with my Bushnell Legend 2-7x32mm for $150.
sharp and clear, coated lenses, 3.5" eye relief, wide angle, fingertip click adjustments. its on a lightweight hinge .308 right now (not the softest recoiling action) and has had no problems keeping and returning to zero.
Like Leupold, Bushnell has a lifetime warranty and a service centre in Canada. Some people have waited months to get their scope back, but generally they will just replace them with another scope and not bother repairing them. So at worst if anything goes wrong with it itll cost you $10 and a couple months wait to get a new replacement.
i own mostly Leupolds (VX-IIIs, FX II, VX II), Burris (FFII) and Bushnell Elites (3200/4200), but if i had to recommend a 'cheap scope' to a friend i would not hesitate to recommend the Bushnell Legend 2-7x32mm as a 'starting point' for a reliable general purpose hunting scope. id definitely buy another one myself.
also, if you are on a limited budget stick to lower powers, preferably even fixed power - its a safe bet that a $100 8x32x50mm scope with target knobs and sunshade will be of much worse quality than a fixed 4 power 30mm objective scope at the same price. forget about bells and whistles like illuminated reticles - theyre not a necessity and add just another point of failure. usually by the time youd need an illuminated reticle most hunters start packing it in since they dont want to end up dressing or pursuing a deer in the dark.