I think he means sealing a house that doesn't have intake air. I've never heard of over insulating having a problem. I've done both to my mid 70's house.
Still not sure why you would insulate the basement floor. I'm in Northern Michigan, it gets pretty cold here. I've never seen anyone insulate the floor between the basement and first floor. If you want to save energy, you need to insulate the outside walls of the basement. Better yet, make sure the attic has enough insulation. I upgraded mine from 4" of blown insulation to 15" (after settling), the gas bill dropped by 30%. The floor of the basement should already be at least 55, which is much warmer than outside.