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making the claim that it's "all we need," and that "no more objective truth is needed." If that were truly all we needed, why would He bother continuing to communicate with us, as you suggest he does?
It is all we truly need as a guidline for objective truth about God. However, I believe that God is not only interested in teaching objective truth about Himself, but also helping us to experience Him in an objective mannger.

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One great benefit that having such a document affords is that it allows the church to recognize that the Bible is a historical document, written for a particular society, during a particular time period, and, as such, parts of it may be irrelevant to modern society. Can you imagine how well the people of that era would have accepted Christ teaching not to have slaves, or that women aren't property to be bought and sold, but equally important members of society, due the same rights as men?
Historical context is important to intepretation of scripture whether you believe that it is a living document or not. No Christian I know believes the practices listed above should be followed in modern society (or even that they were necessarily correct at the time). The people in the Bible existed in a time and place different from ours, but the fundamentals of faith were still the same.
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-Jeff
Rome did not create a great empire by having meetings; they did it by killing all those who opposed them.