Continuing to indent no matter how deeply nested we get doesn't really
do anything for readability; what's worse, it results in O(N^2) total
whitespace, which can become a performance and memory-consumption issue.

To address this, once we get past 40 characters of indentation, reduce
the indentation step distance 4x, and also limit the maximum indentation
by reducing it modulo 40.  This latter choice is a bit weird at first
glance, but it seems to preserve readability better than a simple cap
would do.

Back-patch to 9.3, because since commit 62e66640 the performance issue
is a hazard for pg_dump.

Greg Stark and Tom Lane