I guess I'll put in what I think.
I believe that God is all loving and merciful... to a certain extent. If someone is going to go and sin all the time and expect that absolutely nothing will happen to them, then I think they should think again. God is like that to those who will serve Him, and to others that He's giving a chance to. A chance meaning that He's trying to have them give their life to Him. (Converting is what I'm trying to get at.)
But if someone is just doing bad things left and right and they're all like, "Oh, nothing will happen to me because God is all loving and merciful and he won't punish me. He'll just forgive me, but I'm gonna keep on doing what I'm doing," then it's very likely that something not good is gonna happen in their lives.
A punishment from God doesn't necessarily mean that he hates you. God doesn't hate anyone. (Don't listen to those people that say God hates people. God doesn't hate anyone. He loves everyone He just doesn't like the sins that they do. I'm looking at you Westbro Baptist Church.

If someone is faithful and they serve God and they're true, then God will bless them. And if something bad comes along in someone's life, I believe that it's the devil just putting a bump in the road, and it's also a test from God to see if you'll stay faithful through the good and the bad. (The story of Job is a good example.)
It just really bothers me when people are all like, "God is all loving he won't punish you blah, blah, blah!" I think they just use it as an excuse to do whatever they want.
But yeah. That's just me. >.>
What do you guys think? I hope this makes sense. I've been thinking about this for awhile. I just wanna see what you guys think about this, and I wanna see what others who aren't religious think.
I hope this makes sense and didn't come off too preachy.