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This is related to the subject of my dissertation. In the 1970s and 1960s, the same kinds of sentiments were being expressed in the Christian Reformed Church (I wouldn't be surprised if the author of this quote is CRC). Among the "problems" with the existing confessions was the fact that they didn't say anything (or very little) about missions. This led to the development of the contemporary testimony, "Our World Belongs to God." Because of the remaining confessional element in the CRC, the contemporary testimony did not completely displace the Three Forms of Unity, but could only be added as a supplement.
As to the quote:
1) The author assumes that the Confessions are a summary of the church's interpretation of Scripture, placing the emphasis on the subjective. That's not the classical Reformed understanding of the nature of a confession.
2) If the church's views have changed (i.e. the church has departed from what it confesses), yes, the honest thing to do is to dump the confessions.
3) Re: writing confessions every 5-6 years. That's total nonsense. The Belgic Confession (the subject of my dissertation) was written in 1561 and was immediately adopted by the Reformed churches in the Lowlands, probably even before it was published. The Reformed churches in that area did not write another confession every 5-6 years after that. The Belgic Confession was their Confession, along with the Heidelberg Catechism. Eventually, the Canons of Dort were added as well.
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