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Yesterday, Bill Clinton crushed Mitt Romney’s claim that 47 percent of Americans are freeloaders who don’t pay taxes.  

VIDEO: LMAO! SNL Goes On An Election Spree!

According to Bubba, a lot of the wealthy people he knows also share a disdain for working class Americans, he explained on CBS’ Face The Nation.

“You know, I know a lot of higher income people, a lot of whom help me do my work and they’re supporting Governor Romney. And a lot of people say things like that.”

He then discharged the assertion that half the nation doesn’t pay taxes.

“First, they do pay taxes — they pay Social Security taxes, they pay Medicare taxes, they pay state and local taxes.

Second, they are out of the income tax pool for two reasons: one is the economic crash, which lowered a lot of peoples’ incomes. … Now the second reason is interesting, it’s a bipartisan reason in the past: it’s because of the combined impacts of the Earned Income Tax Credit and the Child Tax Credit.”

Clinton added that Romney will pay the consequences for his crude comments during the upcoming presidential debates on his appearance on CNN’s Fareed Zakaria GPS, saying that the comment “puts a heavier burden on [Romney] in the debates to talk about what he meant.”

Bubba always seems to have a way of making sense out of things and this time, he made Romney looked like a fool!