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▼ Show Notes

Our topic this week involves language that our society today is most accustomed to. Paul talks about the treatment of our sin and its wages or due as debt. Americans set a consumer debt record recently by exceeding one trillion dollars in total credit card debt. Consumer credit is used by a majority of American households to purchase products of various types including homes, cars, durable goods, and consumer goods.

The Debt

It would be rare, in our modern culture, to have a debt we owe to someone cancelled by that person or entity simply because they love us. Paul explains, using language that would picture the satisfaction of a personal debt, that Jesus cancelled our debt for our sin by nailing it to the cross.

This is a beautiful picture of the finished work of Christ and its implications. Debt instruments or promises to repay were often nailed to a wall or door in a public place. This indicates to the watching world that the debt has been extinguished. This is especially important in a culture that allowed slavery for those who didn’t pay their debts. But the liberation from debt Paul is discussing is eternal. Jesus Christ our Lord permanently paid our debt on the cross by conquering our sin and death.

The Cancellation

Paul says in Romans 8:1 that there is now therefore no condemnation for those who are in Christ Jesus. As they hymn writer said, “my sin, oh the bliss of this glorious thought, my sin not in part but the whole, is nailed to the cross and I bear it no more, praise the Lord, praise the Lord oh my soul.”

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“It would be rare, in our modern culture, to have a debt we owe to someone cancelled by that person or entity simply because they love us.”

John Warren