Sequestration will probably not lower the Deficit.

Sequestration will probably not reduce the deficit.  It will slow the economy and put people out of work which will bring in fewer taxes.  It takes an expanding economy to move the economy forward.  Europe used the reduce the deficit approach with no much success.  They have unemployment of up to 25% and no signs of growth.

http://thinkprogress.org/economy/2013/02/22/1626851/sequester-deficit-reduction/