Place beef in steam-jacketed kettle; cook in its own juice until it loses its pink color, stirring to break apart. Drain or skim off excess fat.
Combine chili powder, cumin, paprika, salt, garlic powder and red pepper. Stir into cooked beef.
Combine tomato juice with hot water to make 2 gallons; reserve for use in next step.
Add beans, tomatoes, tomato paste, and onions to cooked beef; stir well. Add reserved bean liquid and hot water to the beef mixture; stir. Bring to a boil; cover; reduce heat; simmer 2 hour. DO NOT BOIL. Stir occasionally.
Serve over frito's with grated cheese on top, have chopped onions and ketchup for condiments.