Since I've had this discussion on whether we are saved by grace, faith, or works many times during my journey into the Catholic Faith, I thought I'd address the question here. Actually, the idea of this post started during today's Gospel reading.
In today's Gospel we heard the story of Jesus' healing of Jairu's daughter and the woman with a hemorrhage. Mark obviously presents this story the way he does in order to focus on the healing power of faith in Christ. However, from my personal experience it seems that we tend to focus on the raising of the girl from the dead and skim over the woman with the hemorrhage.
Mark 5: 25-34
There was a woman afflicted with hemorrhages for twelve years. She had suffered greatly at the hands of many doctors and had spent all that she had. Yet she was not helped but only grew worse. She had heard about Jesus and came up behind him in the crowd and touched his cloak. She said, "If I but touch his clothes, I shall be cured." Immediately her flow of blood dried up. She felt in her body that she was healed of her affliction. Jesus, aware at once that power had gone out from him, turned around in the crowd and asked, "Who has touched my clothes?" But his disciples said to him, "You see how the crowd is pressing upon you, and yet you ask, 'Who touched me?'" And he looked around to see who had done it. The woman, realizing what had happened to her, approached in fear and trembling. She fell down before Jesus and told him the whole truth. He said to her, "Daughter, your faith has saved you. Go in peace and be cured of your affliction."
This passage gives the perfect opportunity to take a single line of scripture, "Daughter, your faith has saved you", out of context and make the "saved by faith" arguement. But something very important happens in this story. The woman commits a "work". She reaches out to Christ. She could have had all the faith in the world that if she touched Jesus' clothes that she would be healed. But the healing didn't take place until she put her faith in action. James tells us that faith without works is dead.
James 2: 17-26
So also faith of itself, if it does not have works, is dead. Indeed someone might say, "You have faith and I have works." Demonstrate your faith to me without works, and I will demonstrate my faith to you from my works. You believe that God is one. You do well. Even the demons believe that and tremble. Do you want proof, you ignoramus, that faith without works is useless? Was not Abraham our father justified by works when he offered his son Isaac upon the altar? You see that faith was active along with his works, and faith was completed by the works. Thus the scripture was fulfilled that says, "Abraham believed God, and it was credited to him as righteousness," and he was called "the friend of God." See how a person is justified by works and not by faith alone. And in the same way, was not Rahab the harlot also justified by works when she welcomed the messengers and sent them out by a different route? For just as a body without a spirit is dead, so also faith without works is dead.
Growing up Southern Baptist I was taught, but never really believed, that once you were "saved" nothing else need be done. When I was told that we were saved by grace, I had no problem. When I was told that we found faith through God's grace, I had no problem. But when it came down to faith alone without the need for works, I had a problem. Christ warns us in Revelation about being lukewarm and having a false sense of security.
Revelation 3: 15-17
"I know your works; I know that you are neither cold nor hot. I wish you were either cold or hot. So, because you are lukewarm, neither hot nor cold, I will spit you out of my mouth. For you say, 'I am rich and affluent and have no need of anything,' and yet do not realize that you are wretched, pitiable, poor, blind, and naked.
We shouldn't fall into a false sense of being "rich" with salvation after walking down an aisle and making a profession of faith and saying a prayer with a preacher (in other words and "alter call" or "invitation" in many Protestant churches). Christ tells us that he KNOWS our works and will spit us out.
All throughout the Bible (read the stories of Noah, Abraham, Lot, the Blessed Virgin Mary, etc) we see stories of people to whom God extended his grace. They had faith in Him and did works to show their faith. Their faith and works were enabled by the grace of God. God pours out his grace on mankind, it is up to us by our God-given free will to respond to his grace with faith AND works.