my bet is you are flooding due to either 1) a stuck float (not likely), 2) a bit of dirt stuck in a float needle valve (highly likely), or 3) bad or improperly seated o-rings in the float assembly (common B4 problem).
You've been mucking with the carbs, right? that's sure to cause these problems if you aren't careful. Pull the carbs, pull the float bowls, pull all the floats, replace the o-rings since you're in there (search this site for links to the proper rings), blow out the float valves, put the floats back in properly, adjust the float level since you're there. You've already got 'em open so you might as well put in the right main jets, and put it all back together.
Have you been running on reserve? sometimes that'll suck in the muck from the tank, so check that as an option too.
This used to be a common occurence on my '91 as the tank was rusting inside. I had to pull the carbs every week or so to fix it...
my .02, wait for others to chime in as well.