Since my thread was closed?? I will give you my response here!
It is my opinion that these Five Points of Calvinism, called TULIP, were never intended to present fully the Doctrines of the Sovereign Grace of God in Salvation, and they certainly do not. Rather they were simply a response to the Five Articles of the Remonstrants, followers of Jacobus Arminius.
Recall that the Doctrine that many credit with initiating the Reformation was Luther's assertion that Justification is by Faith Alone. There is no mention of the Doctrine of Justification by Faith Alone in the Five Points insofar as I have read. Yet what Baptist would deny the Grace of God in Justification?
Martyn Lloyd-Jones, regarding Luther’s dilemma [page 169, God The Holy Spirit] writes:
Although justification is an act of the Grace of God it is not at the expense of the righteousness of God as is demonstrated in the following Scripture. A righteous God cannot overlook sin for the wages of sin is death [Romans 6:23].
Romans 3:24-27, KJV
24. Being justified freely by his grace through the redemption that is in Christ Jesus:
25. Whom God hath set forth [to be] a propitiation through faith in his blood, to declare his righteousness for the remission of sins that are past, through the forbearance of God;
26. To declare, [I say], at this time his righteousness: that he might be just, and the justifier of him which believeth in Jesus.
27. Where [is] boasting then? It is excluded. By what law? of works? Nay: but by the law of faith.
The definitive truth in the above passage as it regards the justification of the believer is Verse 24: Being justified freely by his grace through the redemption that is in Christ Jesus: and then Verse 26: To declare, [I say], at this time his righteousness: that he might be just, and the justifier of him which believeth in Jesus. We see that it is God who justifies and He justifies, yet remains just, only because of the righteousness of Jesus Christ. Faith is simply the instrument through which God imputes the righteousness of Jesus Christ to the believer.
We may say then that justification is a judicial or forensic act of God whereby the unjust sinner is declared righteous, not made righteous, in the sight of a Just and Holy God.
John Dagg [page 265, Manual of Theology] notes that justification is a higher blessing of grace than pardon or forgiveness. - From this I conclude that pardon frees from the penalty of sin, justification frees us from the guilt of sin.
I believe there is much more in the Doctrines of Grace than TULIP! Furthermore, I believe that TULIP has become a pejorative much as Calvinism has!