Paul Krugman calls Europe the "comeback continent" because of its resurging economy, yet repeats another stereotype -- Americans pay less in taxes than Europeans. The situation actually is more complex.
For their taxes, Europeans receive many benefits for which most Americans must pay additional fees and payments out of pocket. Many Americans, if they have health care at all, are paying for escalating premiums and deductibles. Other Americans are saving $100,000 for each of their children's college education, yet European children attend for free or nearly free.