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From old eternity the Lord Jesus Christ assumed full responsibility for the salvation of those given to Him in divine election. He was "made a Surety of a better covenant" (Hebrews 7:22). That covenant of grace was a contract entered into by the persons of the Godhead before the world was made. As the legally appointed Representative of all those given and entrusted to Him for safe-keeping by the Father, the Son of God became obligated for the salvation of His elect. The Father laid upon Him, and He willingly took upon Himself, accountability to divine justice to put away their sins and bring in perfect righteousness for them by His substitutionary death on the cross. We read that His blood was "the blood of the everlasting covenant" (Hebrews 13:20). God the Father has always looked to His Son for satisfaction for the indebtedness of those sinners chosen unto salvation; consequently, at no time has the justice of God sought restitution from His children. That which Christ accomplished at the cross, the reconciliation, justification and redemption of His people, was because of that glorious covenant entered into by the Father and our Surety. Like David, each believer finds great comfort in this covenant which is "ordered in all things, and sure: for this is all my salvation, and all my desire" (2 Samuel 23:5).
--- Pastor Jim Byrd
The Spirit of God is a Spirit of conviction. He convinces men of sin, original, actual, of all their sins of thought, word, and deed, of the demerit of sin, and of the inability of men to make atonement for it. He brings God's elect to such a sense of sin as to loath it, and themselves for it, to blush and be ashamed of it, and to have a godly sorrow for it, which works repentance unto salvation.
--- John Gill
LED OF THE SPIRIT
“But if ye be led of the Spirit, ye are not under the law” (Galatians 5:18). To be “led of the Spirit” is to be led to Christ. When God the Holy Spirit brings us under true heart conviction of our sin and shows us we have no hope of salvation, forgiveness, righteousness, and eternal life in ourselves – our works, our reformations, our religious endeavors – He always brings us to see that Christ and Him crucified is our only hope. He gives faith to believe and rest in Christ, and He gives repentance to turn away from our dead works and idolatry. He sheds the love of God
in Christ within our hearts bringing us to realize, upon the authority of God’s Word, the love of God for us in Christ and bringing us to love Christ, follow Him, and love His people. In believing in Christ, the Holy Spirit teaches that we are “not under the law.” The law of God cannot condemn us for our sins, for “there is therefore now no condemnation to them who are in Christ Jesus, who walk not after the flesh but after the Spirit” (Rom. 8:1). The law of God can demand no obedience from us in order to attain or maintain salvation, “for Christ is the end of the law for righteousness to every one that believeth” (Rom. 10:4). The Holy Spirit gives us spiritual life from Christ based on the righteousness of the law accomplished by Christ through His obedience unto death (Rom. 8:10). He brings us to know and rest in the glorious truth that Christ is our righteousness, and we are “complete in Him” (Col. 2:9-10; cf. 1 Cor. 1:30; 2 Cor. 5:21). It is because of our standing before God in Christ that the Holy Spirit leads us by the Word of God to strive to be like Christ in our character and conduct. In His leadership He gives us a thirst for righteousness and holiness that enables us to fight the warfare of the flesh and the Spirit and which gives us a longing that cannot be fully satisfied until we are made perfectly like Christ in ourselves (Psa. 17:15; 1 John 3:1-2).