The United States will need to make critical domestic investments if it is going to compete globally, Rep. Tim Ryan said Monday morning in anticipation of President Donald Trump's trillion-dollar budget rollout.
"I am anxious to see it," the Ohio Democrat told Fox Business' Maria Bartiromo. "We are in deep competition with our strategic competitors, Russia and China. They are making hundreds of billions of dollars into investments, the latest military technologies."
But at home, the U.S. must make investments into research and development and in closing the skills gap and get more people into higher-paying jobs, said Ryan.
Ryan, who had been an early candidate for the 2020 Democratic presidential race before backing out, said Monday that he thinks Trump is overstating the "blue-collar boom" in jobs, particularly when considering the "huge gut punch" his district in Ohio took when its General Motors factory closed down in recent years, costing 4,000 jobs.
"People are still suffering," said Ryan. "They still have high prescription drug costs" and difficulty paying to send their children to college.
"I think the president overstepped here a little bit," said Ryan. I do think it can cause him a little bit of political heartburn."
He also said he's concerned that if his party's nominee is Sen. Bernie Sanders, who is running under the "banner of Democratic socialism," Trump will get re-elected, winning 48 of 50 states.
"There is no doubt in my mind," said Ryan. "I mean, the idea of taking private health insurance away from people and forcing them into a government-run system, some of these ideas about decriminalizing the border, those things are not going to fly in the industrial Midwest."
He added that he thinks former Vice President Joe Biden likely will take the nomination, even if it seems to be faltering at this time.
"Well all of us are on TV a lot, Maria," he said. "We all say things, and you know you are open, you are wide open."
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