Official: Obama budget sees $1.75 trillion deficit (AP via Yahoo! News)
President Barack Obama is sending Congress a "hard choices" budget that would boost taxes on the wealthy and curtail Medicare payments to insurance companies and hospitals to make way for a $634 billion down payment on universal health care.

Like Having Medicare? Then Taxes Must Rise (New York Times)
Americans are going to have to pay higher taxes in order to continue to field a strong military and maintain popular programs like Medicare.

Medicare Drug Program Price Increases to Slow for 2010, According to New CMS Data (Senior Journal)
Feb. 22, 2009 The Medicare Part D prescription drug plan will cost senior citizens more in 2010, but the increase will be considerably less than past years, according to the private website, Medicare-PartD.com, which says the projection is based on information recently released by the Center for Medicare & Medicaid Services.

Obama plan foresees record $1.75 trillion deficit (The Pantagraph)
WASHINGTON, D.C. -- Pledging a new era of responsibility, President Barack Obama unveiled a multi-trillion-dollar spending plan Thursday that would boost taxes on the wealthy, curtail Medicare, lay the groundwork for universal health care and leave a string of deficits dwarfing any in the nation s history. | Some taxes raised, others not | Analysis: Class warfare brewing? | Budget highlights, ...