Float is not set/adjusted correctly is what gives.Or bad float.Also,the niddle valve could also,be sticking.Or bad top carb gasget.
What gives is when someone takes a carb apart that doesn't know what their doing is the main factor.
Carbs can only be rebuilt so many time until junk ,unrepairable.(looks like massive amount of fuel pouring in.)
Float's set to high or bad float or dirt in niddle valve.
Here's a hint,
While the engine is running.Full choke it.The engine should die.If it don't?You either have a air or a vacuum problem.Also,niddle valve or float problem as well.I would say the carb needs tooken apart and reassembled correctly.It's not the carb.It's the one working on the carb is the real problem.What about the ball bearing under the pump spring?Did you tip the carb over and lose the ball bearing?Most carbs have a small ball bearing located under the spring of the accelerator pump.If you tip the carb over the ball will fall out of the hole.Causing this problem as well.If your carb has a ball bearing.I know Rochester & quid-jet carbs have them.Other then that,rebuild the carb,adjust the float correctly.Try it again.If it does it again.Pitch the carb.