Rod: I would not break the bank. Shimano convergence, Fenwick HMX, and so on all good rods and about $100 bucks. I would go 9foot and somewhere around medium or medium heavy power, medium fast or fast action, line rating 8-17 or somewhere around there.
One rod I have and like for this type of fishing is the Shimano Convergence CVS 90MH2B. 8-12 line rating, 3/8-3/4 lure weight rating, m/h power, fast action. Bought from Fred's for about $100 bucks. That is another piece of advice...if you go to a tackle shop you might pay a little more but you will get good advice. If you buy online or even at WSS you might get something that is not suited for the type of fishing you will be doing.
Anyway about that rod...I like it for pinks, coho, that's about it. I don't spinner/spoon fish for steelhead but it would be suitable. Chum and springs are too much for this rod.
Reel: again don't break the bank but don't get some $39 reel from Walmart. Spend $100 or so and get a decent reel by Shimano, Abu Garcia, or whatever. I have a Rapala Shift spinning reel that was about $150 and it's quite nice for small salmon.
Line: I would just keep it simple and spool up with 12lb Berkley XL (not XT, it is not suitable for spinning reel mainline). You WILL get a better feel for the lure by going to a braided mainline, and better casting distance. On my Rapala I have 20lb Suffix 832 and I LOVE it. However I have to tie the braid to a barrel swivel, then run a mono leader, or in really clear water I knot (modified Albright) my braid to about a 12 foot leader. What I'm getting at as this set up can be a bit complicated. Plus the braid is about $50. I would just keep it simple and run 12lb mono and tie right to your lure. Easy!