Here’s an excerpt from a post a while back by Dan on what the Bible is about or what its purpose is.
To properly read the Bible is to learn to embody and proclaim the witness of the Bible in both word and deed. To read this witness is to be transformed into martyrs fully engaged in life-giving acts of liberation, healing, reconciliation, and peacemaking, in opposition to the power of Death, which finds expression in contemporary structures of sin, bondage, sickness, division and violence. Submitting to this implication is a hard thing to do, as it requires nothing less than everything from us, so it comes as no surprise to me that others might be tempted to flee into more Conservative readings of the Bible (which present the reader with a list of requirements, but requirements that are decidedly more manageable than this call to martyrdom) or into more Liberal and postmodern readings of the Bible (which present the reader with a lot more freedom to pick and choose which demands are made authoritative).
(5) Thus, we can conclude that reading the Bible is a difficult task that precludes any simple or straight-forward way of achieving understanding — so beware of any hermeneutical model that offers you these things! Reading the Bible is something we can only do with a good deal of trepidation, and a good deal of assistance from the community of faith, the world at large, and the Paraclete.
How I Understand the Bible « On Journeying with those in Exile