One of the many errors of Scofieldism, or classical Dispensationalism, is that history consists of a series of plans of salvation set up by God, failed in by men, to be replaced by a new plan. Dispensationalists hold that redemption in Christ was a new plan, unforeseen prior to the actual coming of Christ.
|C. I. Scofield|
Yet, we see in this verse from Psalms that, not only is the Atonement foreseen, but it is actually seen as so certain as to have been already accomplished!
It is in this same sense that the Apostle John refers to Christ as the "lamb that was slain before the foundation of the world" (Revelation 13:8).
In contrast, covenant theology holds that all of history, though under varying administrations, has always been directed toward the Atonement, the Old Testament looking forward in time, but with a faith in its certitude, and the New Testament looking back.