The fiscal cliff – the expiration of tax cuts and the forced automatic government spending reductions – is due to occur after midnight December 31, 2012. Chairman Ben Bernanke of the Federal Reserve and the Congressional Budget Office has warned of the potential outcomes if the United States "falls over the cliff." Are you prepared for the fallout like higher taxes, increased unemployment, and most disturbing the risk of a recession? You have no control over what Congress and politicians will do. You can control how you prepare for the worst while hoping for the best. The Fiscal Cliff: Are Your Money Safety Nets Ready? gives you the bottom line of what the fiscal cliff is all about then the 5-steps to build your own safety nets to protect your personal financial position now and into the future.