When the economic world falls into a black hole like it did a few years back, what is happening beside the obvious stock market crash and economic meltdown is called “deleveraging.” We, as consumers and participants of this great country, should be versed in economic jargon, and the term deleveraging is an important one. When it occurs, it can be quite devastating, as we found out during the housing blowup. Deleveraging is the reduction and destruction of debt where the opposite condition is amassing more debt — something we seem to be quite good at. It’s getting rid of the …