WHISK together ketchup, water, vinegar, sugar, salt, pepper and paprika in a large bowl. ADD ketchup mixture to cooked beef and COVER. SIMMER over low heat for about 20 minutes, STIRRING occasionally. REMOVE from heat.
This recipe is an excellent source of protein, folate and choline, and a good source of vitamin A.
For a deluxe version, add slices of cheese and cooked bacon on top of the fried eggs.