hmmm....I wonder when this occurs? (hint: Venus has ~90 atmospheres of CO2; Earth currently sports 386 ppm CO2 of a single atmosphere of pressure.) This is a fallacy.
Here is all you might want to know about the atmosphere of Venus (you can skip down to "Peeking at the surface" with regards to the question at hand), and
this and especially
this explain one of the reasons why the above statement is a fallacy.
As a matter of fact carbon dioxide never stops absorbing, albeit the "greenhouse" effects will certainly be non-linear (logarithmic) with respect to its concentration except at low concentrations.
The other reason is mentioned in the
first article. It's because what matters is the temperature of the effective emitting layer (i.e., the photosphere), which lies somewhere high in the atmosphere. Piling on more CO2 not only increases the atmosphere's overall opacity, it increases the altitude of the layer that is the planet's effective photosphere, where T is lower and thus the thermal emission is lower. So the whole danged atmosphere (and the surface) must increase their temperatures to put the planet back into thermal equilibrium.
It's just an argument of the conservation of energy.