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What is a safety net?

What is a safety net? Here are some definitions.

Noun
  1. A large net placed horizontally beneath performing aerialists such as trapeze artists or tightrope walkers, intended to catch a performer who falls and to protect him or her from harm.
  2. (figuratively, by extension) Anything, such as a governmental program, that provides security against extreme disadvantage or misfortune.
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Examples
As the nation's overburdened and underfunded emergency rooms are pushed to the brink, our medical safety net is starting to unravel.
Remove your safety net and truly commit to the task at hand. Congratulations my friend, you’re ready to burn your boats!
Hanging from an overhang by a bare knuckle with not so much as a carabiner, let alone a safety net to halt your fall, I hear you gasp.
Federal assistance provides no safety net either, as parents walk the higher education financial high wire.
I am proud of our social welfare system and the safety net it provides for those who need it.
They don't rebut him by arguing either that cutbacks in the safety net will not happen or even that they're a good thing.

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