Are we growing?

[Mudhammam]

The faster you go, the slower it passes.

And this only applies to mass. Space can expand faster than lightspeed, and is doing so far, far out there.

But if time does not pass at the speed in which a photon is emitted to when it is absorbed by a mass--in other words, from the "perspective of a photon" the transmission is instantaneous--then when light is emitted without the possiblility of reaching a body, what happens to it, from "its perspective"? It just ceases to be? It remains "frozen" in time?

Also, how is the speed of light the cosmic speed limit and not the rate of space expansion (since it's apparently faster)?