I was taught to do Bible study by reducing the various sections of Scripture to propositions; even the Hebrew poetic sections. So the primary goal of biblical interpretation according to the way I was taught in Bible College and even Seminary (to a point) was to conclude with a principle to every passage of Scripture, or every paragraph (pericope) of Scripture that I read. It would go something like this (inductive Bible study): 1) Observation, 2) Interpretation, 3) Principlization, 4) Application; maybe you have been taught to study the Bible this way too, it is quite popular. And as far as it goes, it can be helpful, but at the end of the day it isn’t all that satisfying; at least not to me.
Beyond all of that, a by-product of reducing all of Scripture to a galleria of propositions is that we end up having a host of competing interpretations of these propositions as we place them into our prefabricated systematic systems of theology; which would help explain how we end up with so many tribes of interpretation out there, and so much dissonance among various Christians (and confusion among young Bible students … i.e. people get confused about the legitimacy of any passage of Scripture given the array of interpretations on the same passages of Scripture among the so called professional exegetes and commentators).
I think there is a better way to proceed; a way where we don’t reduce Scripture to propositions, but allow it, instead, to bring us into encounter with the purifying fire of God’s lively life in Christ. Isn’t this what Jesus said Scripture was ultimately about, Him (Jn. 5.39)? Scottish theologian P.T. Forsyth has some refreshing thoughts on this, as reported by Angus Paddison:
As can be seen from our explorations thus far, Forsyth first and foremost locates Scripture in relation to God’s activity, an action best regarded as ‘not merely a gospel of definite truth but of decisive reality, not of clear belief but of crucial action’. This plea that we attend to a lively activity of God – rather than a series of propositional truths about God – explains Forsyth’s resistance to dry freezing Scripture and regarding it as little more than ‘an arsenal of Christian evidences’. Scriptural reading is to resist having commerce with stupefied orthodoxies. Christian faith is not ultimately faith in doctrines but rather a faith in those realities and powers which Scripture and doctrine attempt to articulate. The power of Jn 3.16 is not that it is a message about God’s love for us; it points to God’s love enacted for us. Finely-wrought doctrinal systems are prone to misunderstand faith as an intellectual assent to truths articulated, rather than the soul’s ‘direct contact with Christ crucified’. Biblical readers who domesticate the Bible into systems of orthodoxy are liable to forget that it is the theologian’s ‘hard and high fate to cast himself into the flame he tends, and be drawn into its consuming fire’. To be ‘biblical’ is therefore to apprehend that Scripture’s core
is not a crystallization of man’s divine idea, it is not even a divine declaration of what God is in himself; it is his revelation of what he is for us in actual history, what he for us has done, and forever does. (PTF)
Being biblical is a matter of apprehending correctly God’s redemptive activity into which Scripture has been drawn and is now located.
No belief is scriptural simply because it be met with the Bible. We do not believe in the contents of the Bible, but in its content, in what put it there, and what it is there for. For it is a means, and not an end. We believe in the Gospel, the Gospel of God’s Grace justifying the ungodly in Christ’s cross and creating the Bible for that use. (PTF)
Scripture is located by the gospel, before it is located by us.
I can hear you now: ‘Are you saying that we shouldn’t use propositions when we are attempting to explicate or understand the teachings of Scripture?’ No, that’s not really what I am saying, nor is it what Angus Paddison or PT Forsyth is saying; instead what is being communicated is that Scripture is much more, not less than propositions. And in fact, that Bible reading’s ultimate goal should be to know God in worshipful encounter, with the realization that he is the living God, the living Word in Christ for us. In other words, he actually ‘is risen,’ he actually lives, and he speaks! As the evangelist says ‘he speaks, and his sheep know his voice;’ this is the primary role Scripture plays, as a place where the redeemed come to know their Redeemer in lively encounter.
I think this will sound too abstract for many of you, but for me it is like cold crisp water rolling down into my parched soul. It has made Scripture something exciting, and given it its rightful place before God as his instrument to administer his life to ours in and through the domain of his life in Christ.
 Angus Paddison, Scripture a very Theological Proposal (London: T&T Clark, 2009), 18.