Main.py SysError

import pygame
import sys
import time

pygame.init()

#Colors
black = (0, 0, 0)
white = (255, 255, 255)
aqua =(  0, 255, 255)
blue = (0, 0, 255)
fuchsia = (255, 0, 255)
gray = (128, 128, 128)
green = (0, 128, 0)
lime = (0, 255, 0)
maroon = (128, 0, 0)
navyBlue = (0, 0, 128)
olive = (128, 128, 0)
purple = (128, 0, 128)
red = (255, 0, 0)
silver = (192, 192, 192)
teal = (0, 128, 128)
yellow = (255, 255, 0)

#Screen Definition
screenX = 500
screenY = 500
screenSize = screenX, screenY

screen = pygame.display.set_mode(screenSize)
pygame.display.set_caption('Hello World!')

#Image/Rect Defintion

#Template
#IMAGE = pygame.image.load("IMAGE.PNG")
#IMAGERect = IMAGE.get_rect()

bkg = pygame.image.load("hatBKG.png")
bkgRect = bkg.get_rect()

Clock = pygame.time.Clock()


#Definitions
def wipeScreenWhite():
    screen.fill(white)
def displaySplashscreen():
    screen.fill(teal)
    time.sleep(2)
#Variable Definition
timeVar = 0
Starting = False


Running = True

if Running:
    Clock.tick(120)
    timeVar = timeVar + 1
    for event in pygame.event.get():
        if event.type == pygame.QUIT:
            Running = False
        elif event.type == pygame.KEYDOWN:
            if event.key == pygame.K_ESCAPE:
                Running = False


    wipeScreenWhite()
    screen.blit(bkg, bkgRect)
    pygame.display.flip()
if Starting == True:
    displaySplashscreen()
pygame.quit()
sys.exit()