The Bible as Sacred Scripture

Often postmodern Christians (whatever that really means anyway) get accused of not taking the Bible seriously, as sacred. I would strongly disagree though. My experience with the emerging church movement has been one of intense love and respect for the biblical text, just not for the traditional biblical inerrancy that is prevalent in modern Christianity. Marcus Borg says it this way:

"...the emerging paradigm sees the Bible's status as sacred, as "Holy Bible," as the result of a historical process, not as the consequence of its divine origin. The process is known as canonization. The documents that now make up the Bible were not sacred when they were written, but over time were declared to be sacred by ancient Israel and early Christianity...By declaring these writings to be sacred, our spiritual ancestors declared them to be the most important documents they knew" (Borg, The Heart of Christianity, 47). 

After reading Borg's thoughts, this seemed so obvious. If the sacred-ness of a text does not from the communal affirmation of it through canonization, then any other 'gospel' or writing would need to be seen as sacred too, including the Gnostic Gospels and anything else someone has said "came from God" or "came from the Spirit." This communal affirmation of a text's importance seems to give it much more credence and respect.