In a series of statements, former President Trump suggested that the U.S. might have less debt than previously believed due to potential fraud and irregularities in the Treasury. He indicated that some Treasury notes may not be valid and pointed to recent efforts by Elon Musk in examining these issues. Trump has repeatedly emphasized the possibility of inaccuracies in the reported U.S. debt, stirring discussions on who truly owns U.S. debt and the integrity of financial records.