Matt Slick said on Facebook:,
“The LEGAL SIN DEBT is cancelled! Who did he cancel it for? Everyone or just some? If everyone, then no one can go to hell because their entire sin debt is cancelled. Legally, this necessitates an atonement that cancels the sins of the elect… So, if Jesus cancelled the sin debt for EVERYONE (Col. 2:14), then why would any go to hell if their sin debt is cancelled, doesn’t exist, is gone, zilch, no more…? If you say it has to be “received” then you fail to accept the fact that it is cancelled. Cancellation does not depend on our receiving it.”
I responded on Facebook: If Jesus paid the debt of the elect, then their debt is paid even before they believe, thus they would not be saved when they have faith but saved even before they had faith. The payment of a debt theory is therefore inconsistent with sola fida. If you say that they must believe to be saved then you fail to accept the theory “that it has been cancelled. Cancellation does not depend on our receiving it.”
The very reason why Calvinists want to limit the atonement is the very reason why they should reject their penal/payment view of the atonement.
Double jeopardy falls upon them as well. They are inconsistent when they say that even the elect are born under the wrath of God and are under God’s wrath until they have faith, and yet they say Jesus satisfied the wrath of God for the elect. Talk about a double jeopardy!
For great books on The Atonement Click Here