Hi tec, yes .. I removed it since I felt that many on this board would not appreciate its length. The article is called Sin and Theodocy by Frederika Matthewes-Green e.
I appreciate how your upbrining may have taught fire and brimstone etc, however, if we refer our attention to the parable of the Prodigal Son this is the perfect story that illustrates precisely who the Father is and summarises the Bible in a nutshell.
The parable shows that the prodigal is already forgiven. The reason he may never have been saved is because he may never have "come to his senses", "risen up" and returned to the Father. It is Christ Who enables us to do all three of these things: He is the Light Who brings us to our sense; the One Who raises up Himself and others from the grave; and He is the Way Who guides us home to the Father.
So in this way I can, too, say that the gift of God is eternal life in Christ Jesus; yet the manner and nature of this gift, and how it is received "in Christ Jesus" is quite different.
... and that is the penalty, rejecting the gift of God. Rejecting eternal life in Christ Jesus. So, yes there is a penalty for rejecting Jesus.