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 NYC’s Homeless Spending Surges to $1.6 Billion Abstract Homelessness has continued to be a thorny issue in developed countries where it is the leading indicator of poverty. The reason for this phenomenon is the exponential growth in rent rates and real estate property prices. Although the US government has attempted to eliminate the problem through the introduction of policies that rescue the homeless or support those threatened with homelessness. Through these efforts, the rate of homelessness has reduced across the United States. However, the phenomenon is still rising in some states, one of them being New York. New York is facing the highest levels of homelessness despite De Blasio campaign pledges to eliminate the vice three years ago. Despite a bloated budget towards solving the problem, the problem is still inherent. The reason for this is that the administration has concentrated its efforts on temporary solutions such as shelter operations. However, the cause which is the rising rent rates remains in the system, and thus for every family rescued by the city administration; another is threatened with eviction. The solution for the problem can therefore only arise from policies and measures that reduce the rate at which rent rates grow. Name of Newspaper: The Wall Street Journal Date of Publication: Nov. 20, 2016, 4:16 p.m. ET Title: NYC’s Homeless Spending Surges to $1.6 Billion: Mayor Bill de Blasio spends record amount on services as shelter numbers climb; quest for ‘magic bullet.' Summary This newspaper article is an analysis of the efforts by the State government of New York to curb homelessness. Homelessness is a critical problem

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