For that money, how many teachers or nurses can we hire for one year?

Well, nice that some are making money from the drone scare. Considering that the actually drones have less mass than birds. And out of all the drone sightings by pilots and airport officials there is a very tiny % that are actually drones, not birds or other airplanes and so on. Yes they can be dangerous, but the response by authority are not to educate them self but to fight back like every one enjoying drones for a hobby are all terrorists.

sounds like a interesting solution to a non existent problem, my questions are first what if i am flying my drone on 433mhz control or 900mhz control i know most are on 2.4ghz with video on that or on 5.8ghz there are a lot of control links out there to fly on and i just cant see the fcc allowing blanket jamming. next question what if the drone is not under active control? what if it is flying a way-point mission? most are capable of this, all of mine are, this type of system has been around for a long time and autonomous flight with obstacle avoidance is now on the market so i think this is a solution that is already obsolete

and when some one wraps it all in a fine copper screen and all flight info embedded on a chip, what then?

These kinds of countermeasures will only be effective until someone figures out how to use the massive computing capacity of current smartphones to create a UAV that needs little if any external control. A self directed UAV would only occasionally need to report flight, position, and mission progress details to a controller who also may only occasionally send instructions as a mission is executed. Limiting external communication is required to permit a largely autonomous UAV to operate in the dark. Conversely, autonomous operation immediately limits the effectiveness of any jamming or communications denial tactic. Given the progress in both smartphone development and robotics I am sure this can be accomplished now. The large body of expertise and technology choices for highly distributed embedded computing enables smartphones and local networks of smartphones to distribute complex operations inside a small space. This can easily be shielded to isolate internal & external elements. Now, any such UAV will still not be one of the tiny toy drones but will be a more substantial vehicle and will require a sizeable state sponsored level of investment. This is not likely to ever be achievable by some lone punk in his mom's basement. However, a well funded but small team could re-purpose otherwise harmless civilian systems for a hostile dual-use application.

Good that there is response to the problem before it gets worse. But 1.2million? How about a sharpshooter?
A drone operator could easily hack his toy to operate on an alternate frequency and avoid being outed by this 1.2 mil system.

Programmed signal overload transfer to five minute autonomous flight from waypoints should do the trick. Jamming GPS signals is illegal.

This is good news and bad news. The good news is that there is now something that the media can point an and say "See, there is a cure for the "DRONE" problem", and the worry-warts have piece of mind and a false sense of security for only $1.2 Million thus deflecting the heat off the hobbyist, if only for a while until Billy posts a video on YouTube of his neighbor's rose bush without permission. Bad news is that it is almost laughable as to how easy and how many ways a $1.2 Million piece of ordnance can be circumvented.

One AUDS costs $1,200,000 and takes 15 seconds to disable a <$1k drone. How many will it take to stop a swarm of drones flying low coming from all directions? How may will need to be deployed to guard every potential target?
Have fun while you can. I have the feeling the future will not be (hobby) drone-friendly.

@Freyr Gunnar: "For that money, how many teachers or nurses can we hire for one year?"
How effective will those teachers or nurses be at knocking drones out of the sky?