Tried to run the bike last night without the air boxes to see if they were the culprit behind my loss of power but ran into a new symptom. The bike would start fine but would die shortly after starting. I could play with the idol to keep it running but as soon as I gave it gas it would die. Is this another sign pointing to the carbs? Air boxes looked fine to me. I did clean the air boxes in kerosine last fall and lubricated them with a spray on lube. Don't think they are the issue though.
When the engine will not respond to throttle, its most likely due to the pilot circuit is not supplying enough gas/air mixture. Weekendrider said the same thing in post #2. Could be wrong pilot jet, or dirt plugging the very tiny pilot jet orifice, or the passage ways are plugged up, or could be the mixture screw is not adjusted correctly.
XSLeo pointed you to the "carbguide".Read the carbguide. Now is the time to gather your courage and remove the carbs to the bench. Take them apart, one carb at a time. Spend the time to check them over carefully.