In a large stock pot, cook ground beef for 5 minutes or until browned. Stir in onions, garlic, and peppers. Cook until onions are translucent, about 5 minutes.
Add pasta sauce, tomato paste, diced tomatoes with liquid, and water. Bring to a boil, then reduce heat to low to simmer. Add Italian seasoning, cayenne pepper, salt & pepper, worcestershire, and bay leaves. Simmer for 15-20 minutes.
Stir in dry macaroni noodles, and cook for an additional 20 minutes or until pasta is al dente. Serve garnished with cheddar cheese.