So... yeah... I'd be changing that breaker to a 40 amp for sure. It also looks like the white/black wires hanging off that 70 breaker is not more than 8 gauge, so even 40 is at the limit. It looks to me that the white and black wires are actually going into a black NMB jacket, too. This isn't disallowed, but if they were THHN wires headed into conduit they could do 50 amps. In theory that white wire should also have a red electrical tape 'ring' near each end to let people know its not really neutral, although any electrician shouldn't really need it.