Why am I getting this strange error? (Updated script)

This script is supposed to allow the player to control a custom character. However, whenever it runs I get this : 00:00:38.987 - startScript re-entrancy has exceeded 3 00:00:38.987 - Script 'Players.Player1.Backpack.CharMorph', Line 8

Also, whenever this script is active, it stops a second script from running.

Here is the script.

local player = game:GetService('Players').LocalPlayer
local newCharacter = game.ReplicatedStorage.newPlayer:Clone()
local SpawnLocation = game.Workspace.SpawnLocation 

local debounce = false

    player.CharacterAdded:connect(function()
        if not debounce then
         debounce = true

        newCharacter.Parent = game.Workspace
        newCharacter.Name = player.Name
            player.Character = newCharacter
            player.CanLoadCharacterAppearance = nil
        newCharacter.Archivable = false
    wait(1)

    debounce = false

        end
    end)

And here is the second script.

local Player = game.Players.LocalPlayer

    Player.Character.Humanoid.Running:connect(function(speed)
          if speed > 0 then     --Straight from the Wiki!
            print("Player is running")
                elseif speed < 1 then
              print("Player has stopped")
    end
end)