The ATLAS system's funding is a step in the right direction but as the article mentions the southern pole would remain a blind spot. Still, having one to two day's notice for an affected area would go a long way. We seem to have most of the >150m asteroids located through current efforts but that still leaves thousands or millions of undetected objects capable of wiping out a city and causing further catastrophe for nuclear facilities. The cost vs. benefit seems evident, better late than never.
Further catastrophe for nuclear facilities?
Come on, playing the nuclear card when the chances of a nuclear plant being hit by a meteor is vanishingly small seems to be a bit over the top, don't you think?. Maybe throw in your local school, so we can "think of the children" while you are at it...
Also, meteors are far less likely to approach us from the poles. Like most things, their orbits tend to generally align with the plane of the major planets. Slightly tilted with regard to our orbit, but polar approach seem very unlikely.
Right off the top, you can write off 3/4 of meteors as they will statistically land in the ocean. (And no they won't cause a tsunami).
Then you can write off another large percentage that will hit farm land or forests.
Finally you get down to about 1% of the earths surface that is occupied by people.
Then lets measure the damage? 1908 = nill. 2013, several million to replace broken glass, and patch up cuts and scrapes. (Lesson: Don't watch meteors thru windows).
Seriously, this is statistically a huge waste of money.