Mac comments on Astronomy, space exploration and the Great Filter - Less Wrong Discussion
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I think you underestimate our species. If a devastating asteroid strike were imminent, I believe we would quickly raise an enormous amount of money to deal with the problem. Recent Ebola scare is a relevant (albeit smaller) example.
These things take time to implement, though--raising the money a week before the strike won't help if you don't have any measures already in place, where by "in place" I mean physically extant.
I guess you are right, but I honestly have no idea how long it would take the world to create and launch an effective countermeasure.
However, I am fairly confident that available money would not be insufficient as the OP suggests, hence my comment.