10:00 PM
Yeah, "defund the police" still leaves the existing core institution, it's about redistributing goverment investment into other services which are better suited to particular tasks that the police currently oversee.
Abolishing the police begins there, but goes a step further and proposes that an entirely different institution is needed for the core police tasks as well, and that those core tasks need to be re-examined: "keep the peace" begs the question whose peace is being kept, and "law enforcement" is unjust so long as the laws are unjust.
Defunding is a more immediately achievable goal that can be step on the road toward more radical changes to the country's policing and carceral systems.
(Abolishing the police tends to go hand in hand with abolishing the carceral system as we it, as well.)