Generic TVs at Wal-Mart are super cheap, and will have a much better picture than a TV from '85. Not to mention luxuries like RCA inputs and the ability to move the TV around without a furniture dolly. Don't waste your time trying to fix that TV, unless you really just want to dink around with the hardware.
As for safety issues....there are lots of capacitors in TVs that hold a charge for a long time. The CRT itself also holds a hefty charge and can probably kill you. I don't know how long it stays hot, though.
Another bit of wisdom: old-skool TVs do really awesome things when dropped from tall bridges into water ;-)
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