Hi!
Well, i didn't start with one of those combos (old cousin with old guitar

). However, i donīt see why not. I assume that you are a begginer and so, squier will work just fine (i mean, u don't expect to go live tomorrow right, although squiers can do that to).
I've played with squiers and it's a fair guitar for the price. It has good clean sound, good crunch and, if you're carefull with the electric components (some have connection problems, wires comming of...) it will last a life time (or so). Here is a website that has lots of (i belive) fais reviews on any equipment u can think of:
www.harmony-central.com. It has reviews on those packs and in each piece of hardwear of the combo.
Just one more thing, if some day u wan't to upgrade you're gear (and u probably will) don't count on selling this equipment because no one will buy it.
But if u are on a budget, go ahead, itīs not a 2000$ gibson but it's a 250$ guitar
