ADN or BSN in West TN

I have read several posts from other parts of the country about the ADN Vs BSN degree. Can a new grad with a ADN compete with a BSN in today's enviroment? I am confused as for every post I read that says a RN is a RN reguardless of the degree I read that hospitals are more and more favoring BSN over ADN in the hiring selection. I understand the points about one needing a BSN to move into management and other research positions but I am just concerned about getting a staff nurse postion after I qraduate and pass my RN test.

My delima is that I can spend 2 years getting my ADN at a local Community College which will be a low cost route or spend 3 years and get a BSN through a private nursing school at considerable expense. I would rather do the CC route but if the degree will not get me hired I would rather spend the money and time to get to BSN with a better chance of getting hired.

Please let me know your thoughts especillay from nurses that are out in the work force.