NO.
There is no brand new scope out there that is reliable for $50 to $100 for use on a centerfire rifle (at least none that I would recommend.)
Start saving more money to get a decent scope. When you get in the $150 range, you can get something "reliable." It won't be fantastic, but it will at least be "reliable."
You can get an Elite 3200 3x-9x-40mm for about $150. You could get one of Bushnell's Trophy scopes, which is less expensive, but for a few more dollars, the Elite 3200 is really a best buy!
Zachary