Psalm 130, A Song of degrees.
Out of the depths have I cried unto thee, O Jehovah. Lord, hear my voice: let thine ears be attentive to the voice of my supplications. If thou, Jehovah, shouldest mark iniquities, O Lord, who shall stand? But there is forgiveness with thee, that thou mayest be feared. I wait for Jehovah, my soul doth wait, and in his word do I hope. My soul waiteth for the Lord more than they that watch for the morning: I say, more than they that watch for the morning. Let Israel hope in Jehovah: for with Jehovah there is mercy, and with him is plenteous redemption. And he shall redeem Israel from all his iniquities.
When thinking on the mercy of God and the forgiveness of sin Psalm 130 immediately comes to mind for many Christians. This Psalm teaches us numerous things about God and the nature of the salvation that he bestows upon the elect. This Psalm is one that is dripping with God's goodness and his mercy. Here are a few things that can be gleaned from this text:
1. God is one who is a hearing God. He hears our cries and our voice.
2. No one would be saved if God looked upon his or her iniquity.
3. God saves his people so that they may fear him.
4. The godly wait for God's answers with diligence and with the use of means.
5. He will redeem and it will be a plenteous redemption!
6. He will save his church from all sin.
"It is to be noticed that the foundation upon which he would have the hope of all the godly to rest is the mercy of God, the source from which redemption springs. In the first clause he reminds them that although they bring with them no worth or merits of their own, it ought to suffice them that God is merciful. This mutual relation between the faith of the Church and the free goodness of God is to be attentively marked, to the end we may know that all those who, depending upon their own merits, persuade themselves that God will be their rewarder, have not their hope regulated according to the rule of Scripture. From this mercy, as from a fountain, the Prophet derives redemption; for there is no other cause which moves God to manifest himself as the redeemer of his people but his mercy."
-John Calvin, Commentary on Psalm 130
The Forgiveness of Sin: A Practical Exposition of Psalm 130
by Dr John Owen.