***Because the sacrament of reconciliation removes the guilt of sin, the penitent is restored by reconciliation to the state of grace. However, while the individuals guilt is removed by reconciliation, the sin is not completely erased; the individual still must be punished for the sin.***
You see, this is where we differ. Paul said there is now no condemnation for those who are in Christ Jesus. No condemnation, at all. Jesus paid all the penalty for my sins, all of it, otherwise he died in vain. He didn't pay part of it, or most of it, or almost all of it, he paid it all. If you were to die tonight, right after you committed a sin, and you didn't have time to see a priest, are your sins forgiven? They are if you believe is Jesus for the remission of your sins, and Jeus only.
The last recourse in such a case is to make an Act of Contrition, which is often put in these words. "O my God, I am heartily sorry for having offended Thee, and I detest all of my sins because I dread the loss of heaven and the pains of hell. But most of all because they offended Thee, my God, who art all good and deserving of all my love. I firmly resolve, with the help of Thy grace, to confess my sins, to do penance, and to amend my life. Amen."